Day: April 21, 2025

The claims ratio for the non-life insurers stands at 82.52 per cent, according to the Insurance Regulatory and Development Authority of India’s (Irdai) report for 2023-2024. This shows that around 17.48 per cent of claims remained unpaid during that fiscal year.  Here are the reasons why a number of non-insurance claims remain unsettled despite regulatory oversight: … Continue reading Non-Life Insurance Woes: Why Many Claims Still Go Unpaid

Anyone with a child, a spouse, a life partner, or a parent as a dependent needs life insurance. Purchasing a life insurance product has recently become an online business. The percentage of customers purchasing an online insurance product is considerably higher compared to what it was 10 years ago. Consider a prospective customer visiting an… Continue reading How AI-Powered Online Platforms Are Revolutionizing Life Insurance Recommendations