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Indian insurance companies have requested the introduction of zero-coupon bonds and other sovereign debt instruments to better manage long-term liabilities and expand their investment options, as reported by Bloomberg. This appeal, made to the Reserve Bank of India (RBI), has reportedly been discussed with the Finance Ministry, according to individuals familiar with the matter who spoke on condition of anonymity.

Sharing KYC documents was previously an option made while buying insurance. However, from 1st Jan 2023, the insurers will need to obtain KYC documentation from each of their separate clients.

The government is likely to enhance the income tax exemption limit to Rs 5 lakh from the existing Rs 2.5 lakh in the forthcoming budget for 2023-24, sources privy to developments said.

It’s crucial to know what kind of life insurance policy you have before we go through the step-by-step procedure for surrendering a life insurance policy.

The Department of Financial Services has received complaints alleging that banks use dishonest and unethical methods to sell insurance policies to bank customers.

High operating and distribution costs and inflated hospital expenses have kept the cost of health insurance products elevated, making them unaffordable for a section of the society, Insurance Regulatory and Development Authority of India (Irdai) Chairman Debasish Panda said on Tuesday. “We have to look at ways of reducing expenses to make insurance affordable,” said