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The Finance Ministry has issued an advisory explaining the grievance redressal process for insurance policyholders. Customers must first approach insurers and can later escalate unresolved complaints to IRDAI through the Bima Bharosa Portal, helpline numbers or email channels

Using technical clauses and fine print to deny legitimate claims raises serious questions about consumer protection

The public sector reported 800 per cent profit profit, while private insurers together registered an increase by 72.36 per cent in 2022-23.

Irdai said the product should have a minimum sum assured of Rs 2.5 lakh and the maximum sum assured can be Rs 1 crore

24 life insurers underwrote a total fresh premium of Rs.22,776.03 crore up from Rs 17,271.86 crore earned during Oct, 2019