GIC in the News for May, 2025

PAN India Insurance Awareness and Education Campaign
Wednesday 28 May, 2025
General Insurance Council on behalf of the industry has recently launched a PAN India Insurance Awareness and Education Campaign, aimed at raising awareness around the value of general insurance across the country. The Films / Hoardings made their appearance during the first week of May 2025 in key Major Cities/ Towns and on TV Channels.

IRDAI Launches Shared Hospital Network and Faster Cashless Claims
Monday 19 May, 2025
In a move to make health insurance more accessible and affordable for Indian citizens, the Insurance Regulatory and Development Authority of India (IRDAI) has initiated a shared hospital network and streamlined cashless claim process. This measure is set to enhance transparency in treatment costs and expedite insurance services for policyholders

Insurer can’t reject claim over diabetes non-disclosure, rules Bengaluru consumer forum
Thursday 29 May, 2025
Diabetes, though a common lifestyle condition, can't be treated as a non-disclosed pre-existing illness when it comes to health insurance, the IV additional Bengaluru Urban district consumer commission ruled recently. It termed an insurer's denial of an elderly couple's claim a deficiency in service and ordered it to pay Rs 76,000 to clear the claim.

India approves three Russian insurers for marine cover till February 2026
Friday 16 May, 2025
India has approved three Russian insurers, including a unit of top lender Sberbank, to provide marine cover to ships arriving at Indian ports, a government notification shows, helping Moscow maintain oil supplies to a key market.

Heatwave Insurance
Sunday 25 May, 2025
Heatwave Insurance Scheme has been launched by Climate Resilience for All (CRA) and Self Employed Women's Association (SEWA), in which maximum temperature is 40 degrees

Wedding Insurance
Thursday 15 May, 2025
In India, weddings are one of the most significant milestones in life, often planned with great care and substantial financial investment. The industry is now valued at a staggering $130 billion (₹10.7 lakh crore). The costs continue to rise, with budgets surging 14.29 per cent year-over-year, reaching an average of ₹32-35 lakh per wedding.

Australia: Reducing insurance taxes can bring premium relief
Friday 16 May, 2025
Reducing state government taxes in Australia is perhaps the best and fastest way to bring relief for the insurance customers who are burdened by higher insurance premium in the aftermath of rising natural disasters according to QBE chairman Mike Wilkins

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