A sum received by a person under a mediclaim policy cannot be deducted from the compensation amount payable to the claimant for medical expenses under provisions of the Motor Vehicles Act, the Bombay High Court has said. The amount under a mediclaim policy is received in view of a contract entered into by the claimant with the insurance company, a full bench of Justices A. S Chandurkar, Milind Jadhav and Gauri Godse said in its judgement on March 28.

The MP High Court has said that if a driver hired by a person doesn't have a valid driving licence and dies in an accident, the person hiring him would be liable to pay compensation to his kin rather than the insurance company with which the vehicle is insured. The court ordered the insurance company to pay the compensation awarded to the family of the deceased driver by the labour court for now and subsequently recover it from the owner of the vehicle.

Imagine planning a road trip. Initially, you’re the driver, using a paper map (traditional insurance operations). Then, GPS enters the scene, giving you directions (AI-Gen – automation and AI-generated insights). But soon, self-driving cars take over, not just guiding you but making real-time decisions based on traffic, weather, and even your favorite coffee stops (Agentic AI – autonomous decision-making). That’s the journey AI is taking in the insurance world.

In a bid to encourage more corporate hospitals to join the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY), the National Health Authority (NHA) has revised the Health Benefits Package (HBP) by introducing a tiered incentive system to make package rates more attractive and viable for private sector healthcare providers.

The Insurance Regulatory and Development Authority of India (IRDAI) has introduced a new Master Circular aimed at enhancing health insurance options for policyholders. Effective from May 29, 2024, this directive mandates insurers to offer products that cover a wide range of medical conditions, including pre-existing and chronic diseases. Additionally, insurers must comply with the Mental Health Care Act of 2017, ensuring that mental health coverage is included in their offerings.

Rs 20,000 crore, a staggering figure! According to a CloudSek report, India (check if it is corporate losses or personal or both put together) could face this much of loss current year because of cybercrime. That cybercrime has reached another level as these days cybercriminals have started using sophisticated AI tools, which gives them power to multiply. India could face a whopping 1 trillion cyberattacks by 2033 unless businesses do more manage risk.

Despite concerted efforts by the insurance industry, the Insurance Regulatory and Development Authority of India (IRDAI), and the General Insurance Council, the penetration of general insurance in India remains abysmally low. While a lack of awareness was historically cited as the primary culprit, today’s reality is far more complex. Awareness campaigns like "Bima Bemisaal" have ensured people know about insurance, but awareness alone isn’t leading to action. Why is this the case?

Medical costs in New Zealand have surged significantly in recent times in the Asia-Pacific region and across the world too according to Aon's 2025 Global Medical Trend Rates report. According to the report, New Zealand’s medical trend rate surged from 7.4% in 2024 to 14.5% in 2025, marking one of the sharpest year-on-year increases.

Cancer is a major health concern, affecting a wide cross-section of India’s population. The Indian Cancer Congress (ICC) has highlighted that India is facing a significant increase in the absolute number of new cases annually. In the last decade, the number of cancer diagnoses has surged. Currently, 1.4 million new cancer cases are detected each year, with projections indicating a rise to 2 million by 2040. As per a report by the National Cancer Registry Programme (NCRP) under the Indian Council of Medical Research-National Centre for Disease Informatics and Research (ICMR-NCDIR) about one in nine people in India will be diagnosed with cancer in their lifetime. This is an alarming situation and needs our urgent attention.

Singapore's general insurance sector continued its upward trajectory in 2023, recording solid growth across both domestic and offshore segments, according to the General Insurance Association of Singapore (GIA). Total gross written premiums rose by 6.3% y-o-y to reach S$10.8bn ($8.08bn), while overall underwriting profit climbed 5.6% to S$642.31m. The domestic market saw gross written premiums grow by 8.3%, outpacing the previous year’s performance.

"Sir, your claim has been settled." Rahul blinked at his phone. No endless paperwork, no waiting for a call from the insurer—just a simple notification confirming his insurance claim was processed. He hadn’t even spoken to a human.

Pradhan Mantri Jan Dhan Yojana: The government has shared lesser-known benefits of PM Jan Dhan Yojana (PMJDY) scheme for its subscribers. The PMJDY is a scheme that provides a basic bank account to every unbanked adult in India

The Ayushman Vay Vandana initiative, which aims to provide free healthcare to senior citizens aged 70 and above, has enrolled 25 lakh beneficiaries as of December 2024. This represents inclusion of 4 percent of eligible 6 crore senior citizens over 70 years since launch of the program in October.

The recent devastating fires in Los Angeles have underscored the importance of having the right fire insurance for homeowners. As communities rebuild and recover, it’s a reminder that preparation is key when protecting one’s property

1. What is the current state of AI adoption in India? Is there a surge on insurers leveraging AI to streamline processes?

India’s health insurance sector stands at a curious crossroads. Despite a population exceeding 1.4 billion and growing economic prosperity, insurance penetration in comparison remains alarmingly low. Only 50 million individuals have personal retail health insurance, leaving a vast majority vulnerable to the risk of financial burden arising out of potential medical exigencies. While this glaring gap is a national challenge, it also presents an opportunity - a chance to expand coverage, drive awareness, and reshape the healthcare landscape of the world’s most populous country

As China continues to lead the way globally in producing and selling new energy vehicles (NEV), the trend has spurred a sixfold increase in related insurance premiums for this segment in just the past five years alone, according to a new AM Best report. NEV premiums now represent 11.5% of China’s total motor insurance business, momentum that AM Best expects to continue as a key element of future market growth. However, the higher claims frequency and repairs costs associated with NEVs are posing a challenge for small and medium-sized insurers when it comes to profitability.

All insurance companies in Malaysia must implement measures for premium sharing with policyholders starting from 15 January 2025. Country’s deputy finance minister Lim Hui Ying has said that individuals who received premium increase notices last year can contact their insurers

The amount received by an accident victim under a mediclaim policy must be deducted from the total compensation under the head of medical expenses and hospitalisation charges, Karnataka HC has held based on Motor Vehicles Act. Justice Hanchate Sanjeevkumar directed Oriental Insurance Company to pay Rs 4.93 lakh along with interest of 6 percent a year to the family of S Hanumanthappa, a resident of Marathahalli in Bengaluru, after deducting Rs 1.8 lakh he had received from mediclaim.