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India Bars Niva Bupa From Opening New Branches for Six Months

By Uniquetimesorg August 20, 2026 0

India’s insurance regulator has barred Niva Bupa Health Insurance from opening new places of business for six months after the insurer breached prescribed limits on management expenses during the 2024-25 financial year. The expenses include operating costs and commissions paid to agents and distributors. Niva Bupa, backed by UK-based healthcare group Bupa, said it complied Continue Reading

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India Plans Insurance Commission Reform to Curb Mis-Selling

By Uniquetimesorg July 4, 2026 0

India’s insurance regulator, the Insurance Regulatory and Development Authority of India (IRDAI), is preparing a major overhaul of distributor commission rules to reduce mis-selling and improve transparency in the insurance sector. According to sources, the regulator plans to propose a system where commissions are paid over the life of an insurance policy instead of Continue Reading

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Sabka Bima Sabki Raksha Bill 2025 Tabled, Paving Way for Major Insurance Reforms

By Uniquetimesorg December 16, 2025 0

Finance Minister Nirmala Sitharaman on Tuesday introduced the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 in the Lok Sabha, marking a major overhaul of India’s insurance framework. The bill proposes sweeping amendments to the Insurance Act, 1938, the LIC Act, 1956, and the IRDAI Act, 1999, with the headline reform being the […]Continue Reading

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Aegon Life Insurance renames the company to Bandhan Life

By uniquetimes April 20, 2024 0

Aegon Life Insurance has recently announced a significant rebranding, changing its name to Bandhan Life. Alongside this change, the company unveiled a new logo and tagline, ‘Bharat Ki Udaan, Bandhan Se’, reflecting its association with the Bandhan Group. This transformation aims to leverage the synergy between the insurer’s technological capabilities and Continue Reading

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The government intends to raise third-party motor insurance premiums

By uniquetimes March 5, 2022 0

The Union Road Transport Ministry has proposed an increase in third-party motor insurance premiums for various vehicle categories, which is expected to raise the cost of car and two-wheeler insurance beginning April 1. Private cars with 1,000 cubic capacity (cc) will be charged Rs 2,094 in 2019-20, up from Rs 2,072 in 2019-20, according to […]Continue Reading