Department of Financial Services

India urges public-sector general insurers to lower incurred claim ratios

India presses public sector general insurers to reduce claims ratios, focus on profitable lines

September 3 2026

The DFS review also called for stronger performance monitoring, wider digital adoption and improved customer grievance handling across the state-owned insurers.

report-reforms-could-see-indian-insurers-distributing-mutual-funds-for-the-first-time

Report: Reforms could allow Indian Insurers to distribute mutual funds for the first time

June 21 2023

The Department of Financial Services has proposed five amendments to the India Insurance Act which could open up new opportunities for insurers.

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25 September