Insurance for all by 2047

irdai-mandates-policy-loan-facility-in-life-insurance-savings-products-as-part-of-new-reforms

IRDAI mandates policy loans for life insurance savings products as part of new segment reforms

June 13 2024

New regulations include mandatory policy loans, extended free look period, and partial withdrawals for pension products.

Bima Sugam, India's electronic marketplace, set for April 2025 launch - reports

June 8 2024

First phase set to launch April, according to comments from IRDAI Chairman Debasish Panda.

indian-regulator-mandates-insurers-to-expand-coverage-in-rural-and-undeserved-areas

Indian regulator mandates insurers meet rural and social sector quotas

May 13 2024

Circular mandates life, general, and health insurers fulfill rural and social sector quotas.

Indian regulator announces major regulatory overhaul

March 25 2024

IRDAI consolidates 34 regulations into six and adds two — including for country's upcoming digital marketplace, Bima Sugam.

A woman holding a child in front of a house.

India nearing launch of hybrid life, health, and property insurance product: Report

September 27 2023

Bima Vistaar is an innovative insurance product which combines property, life, and health insurance into a single policy and which has on user-friendly terms and digital verifications.

irdai-relaxes-go-to-market-rules-for-group-insurance-and-allows-combination-life-and-health-insurance-plans

IRDAI eases rules related to launch of group plans, enables 'combi' life & health products

June 22 2023

The Indian regulator has made the change as part of its ongoing aim to increase insurance penetration in the country.

irdai-gives-green-light-for-digital-pc-insurer-go-digit-to-provide-life-insurance

IRDAI gives green light for Indian P&C insurer to receive life licence

June 11 2023

Go Digit is broadening its scope by venturing into the life market while maintaining its aim to go public.

IRDAI: Availability, Accessibility and Affordability key to Insurance for All 2047 strategy

May 27 2023

Chairman Debasish Panda outlined the Indian regulator's efforts to remove red tape and relax regulations in order to reach the 2047 objective.

Photo of Indian man reading on his mobile phone with other people in the background.

Indian insurance industry set for significant change: 3 new licences granted in 2023, 20 more under review

April 13 2023

India's 'Insurance for All by 2047' spells big changes for the insurance market