Term Insurance News

HNI term insurance demand doubled in two years, with ₹3 crore covers up 45% YoY. Young buyers aged 30-39 are driving the shift toward higher coverage.

A pan-India survey of 450 buyers and agents finds that 63% of life insurance customers received less than one hour of explanation before buying multi-year policies, and the same proportion believe their agent prioritised commissions over their needs.

IRDAI Member Deepak Sood calls out high distribution costs and mis-selling as the two biggest barriers to expanding insurance coverage in India, where penetration has stalled at 3.7% for two years.

India’s insurance regulator is considering capping agent commissions on a mutual fund-style TER model. Here is what the proposed change means for your policy costs and returns.

Every year, the Union Budget reshapes how Indians save, invest, and protect their families. The 2025 Budget brought welcome changes for insurance buyers: lower costs on premiums, clearer tax rules for high-value ULIPs, and continuation of existing deduction limits. If you hold a term insurance policy or plan to buy one, these changes directly affect … Read more

You buy a term insurance policy today, and it protects your family for the next 30 years. But what about the rules governing that policy? Those are changing too. The Insurance Regulatory and Development Authority of India (IRDAI) has been quietly reshaping insurance regulation in India through a series of reforms aimed at making policies … Read more

Insurance in India has always been wrapped in jargon and complicated policy documents. Recognizing this challenge, the Insurance Regulatory and Development Authority of India (IRDAI) has initiated reforms aimed at simplifying insurance products. This move is designed to make insurance more accessible, transparent, and customer-friendly, in line with the vision of “Insurance for All by … Read more