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Chairman's Message
In this issue, we have included the latest updates and expert insights from the ever-evolving world of insurance. The edition covers the PAN India Insurance Awareness & Education Campaign, hosted by our very own Mr. Sashi Nair, GI Council Consultant, and consumer awareness articles on the responsible use of AI and wedding insurance, to name a few. Global developments include how Australia's reduction in insurance taxes can bring premium relief and China's introduction of a tip-off service to combat medical insurance fraud.
Happy Reading!
Tapan Singhel MD & CEO
Bajaj Allianz General Insurance Company Ltd.
Chairman, GI Council
Editor's Connect
Welcome to the 18th edition of the GI Council newsletter which covers the launch of the Pan-India Insurance Awareness & Education Campaign, launch of IRDAI’s Shared Hospital Network for faster cashless claims, articles on Insurance Laws & Policies, articles on Consumer Awareness and a few Global Snapshots.
”We trust that you will find the 18th edition of the GI Council Newsletter informative as well as stimulating
Inderjeet Singh
Secretary General
General Insurance Council
Editorial Team
Ms. Vasudha Rao
Ms. Pratibha Arvind Sarathy
Mr. Sharad V Taware
Insurance in news
PAN India Insurance Awareness and Education Campaign.
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
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.
India approves three Russian insurers for marine cover till February 2026
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. India is the top buyer of Russian seaborne oil after China since Western nations shunned purchases and imposed sanctions on Moscow for its military action in Ukraine.
Insurance Laws & policies
Heatwave Insurance: What is heatwave insurance, in which you get Rs 1600 if the temperature crosses 40, who is eligible? 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.
Insurer can’t reject claim over diabetes non-disclosure, rules Bengaluru consumer forumDiabetes, 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.
Consumer Awareness
Responsible AI Super Hero Suit We Must Learn to Wear Responsibly It was one of those quiet Monday mornings. I was making chai, the house still echoing with the sleepiness of a new week. My 13-year-old son, half-dressed for school, looked up from his cricket bat and asked me a question that stopped me mid-stir.
Wedding InsuranceIn 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).
Beyond Silos During my tenure at a large insurance company, the head of a Branch and I visited a large commercial bank. The bank was placing a considerable amount of health insurance business with that Branch of the insurance company.
Global Highlights
Australia: Reducing insurance taxes can bring premium relief 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 premiums in the aftermath of rising natural disasters according to QBE chairman Mike Wilkins. Mr Wilkins spoke about the government’s insurance taxes while addressing the company’s annual general meeting on 9 May 2025. He said, “We acknowledge the rising cost of premiums and the strain this can place on households and businesses. .
China: Tip-off service to combat medical insurance fraud In its fight against fraud in health insurance funds China has launched a series of measures in the recent past. In yet another move, China's National Healthcare Security Administration in April this year launched a tip-off service via its official WeChat account, enabling social organisations and the public to report leads on medical insurance fraud.
General Insurance Council, Ground Floor, National Insurance Building, 12, Jamshedji Tata Road, Churchgate, Mumbai-400020, Maharashtra, India, sg@gicouncil.in
https://www.gicouncil.in/
Disclaimer : Our newsletter endeavors to compile insurance information from various sources in the public domain. In respect of 3rd party articles/news items etc. reproduced, the GI Council accepts no responsibility for the accuracy/authenticity and completeness nor can be seen as endorsing the views/opinions expressed therein.
