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Insurance Products
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October 8, 2026
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137 articles
Insurance Products - October 8, 2026 - 9 min read
The 8 October 2026 New Market fire in Bhopal swept through five shops, with losses estimated at more than Rs 3 crore and traders saying their Diwali stock was destroyed. Here is how festive stock escalation, the average clause and missing records leave traders underinsured, and what to fix before the peak.
By Sarvada Editorial Team
Insurance Products - October 6, 2026 - 9 min read
An industry draft would impose a 10% co-pay on retail health claims from 1 January 2027, capped at Rs 5 lakh, including retail-under-group and portability policies. It may not get IRDAI approval, but employers running voluntary parental and top-up cover should plan for it now.
By Sarvada Editorial Team
Insurance Products - October 5, 2026 - 9 min read
IRDAI's draft proposes nil commission on new-vehicle third-party cover for IDEs, IDE registration for dealers acting as MISPs, and motor policies on MIIs like Bima Sugam. What this means for fleet owners, leasing firms and their renewals.
By Sarvada Editorial Team
Insurance Products - October 2, 2026 - 10 min read
IRDAI's draft would cap group health commission at 2.5% for brokers and 5% for agents, with a Rs 100 lakh ceiling. Here is how employers can protect claims-desk, TPA and enrolment services with a written service schedule, disclosure and exit terms.
By Sarvada Editorial Team
Insurance Products - September 26, 2026 - 11 min read
US employers are pulling back from GLP-1 cover as costs climb. Indian group mediclaim never took a position on obesity pharmacotherapy at all, so the question arrives through Code Excl 06, the OPD pharmacy sub-limit, or a weight-control exclusion nobody has read since it was filed.
By Sarvada Editorial Team
Insurance Products - September 23, 2026 - 11 min read
NCDEX has extended its weather derivative franchise from Mumbai to Chennai with a rainfall contract spanning both monsoon seasons. For an Indian treasurer, the exchange contract and a parametric policy differ on insurable interest, hedge accounting, GST and stamp treatment, margin mechanics, and what a lender will accept as risk transfer.
By Sarvada Editorial Team
Insurance Products - September 17, 2026 - 11 min read
PMFBY's operational guidelines added a wild animal attack add-on and brought back paddy inundation cover from Kharif 2026. Both are individual-farm covers that pay only if the loss is intimated within 72 hours, which is where food processors, contract-farming sponsors and agri-lenders lose them.
By Sarvada Editorial Team
Insurance Products - September 16, 2026 - 10 min read
Indian employers now bundle wearables into corporate wellness alongside group mediclaim, and insurers are offering participation-linked premium credits. This post maps the liability chain across device maker, employer, insurer and employee, covering product liability, employment practices exposure, DPDP obligations on health data, and whether a wellness credit endorsement survives a dispute about the data behind it.
By Sarvada Editorial Team
Insurance Products - September 16, 2026 - 11 min read
Higher provident fund contributions under the new labour codes cut monthly take-home by up to Rs 7,928 for an employee on a Rs 15 lakh CTC. Employees absorbing that do not go buy retail cover; they lean harder on the employer plan, which changes what the FY27 flexible benefits shelf should fund and what it should price.
By Sarvada Editorial Team
Insurance Products - September 11, 2026 - 11 min read
An August 2026 Gujarat High Court ruling narrowed the deemed 1 percent valuation on related-party corporate guarantees and blocked its retrospective use. That changes the all-in cost ranking between a parent guarantee, a bank guarantee and an IRDAI-regulated surety bond.
By Sarvada Editorial Team
Insurance Products - September 9, 2026 - 10 min read
September 2026 is expected to put close to Rs 45,000 crore through the Indian primary market, led by an NSE issue that would be the largest in the country's history. This is how a public offering of securities insurance tower for an issue that size actually gets built: limit sizing, domestic capacity ceilings, the point at which placement moves to GIFT City or offshore, run-off term, and who is insured when a large offer for sale sits inside the issue.
By Sarvada Editorial Team
Insurance Products - September 6, 2026 - 11 min read
Russian missiles struck the Kryvyi Rih steelworks associated with Lakshmi Mittal on 16 August 2026, damaging a blast furnace and power units and killing two workers. Standard property wordings exclude war on land absolutely and the Indian terrorism pool does not reach state military action overseas, which leaves standalone political violence cover as the only instrument, with limits Indian groups rarely read closely.
By Sarvada Editorial Team
Insurance Products - September 5, 2026 - 10 min read
Tata AIG's Corporate Health Protection Pulse 2026 found that 88 percent of covered employees call continuous cover through a job change essential and only 40 percent know their options. The continuity toolkit exists. The failure is that nobody hands it to the employee in time.
By Sarvada Editorial Team
Insurance Products - September 4, 2026 - 9 min read
In one fortnight the General Insurance Council floated a standing insurer-hospital dispute panel and reporting emerged that an IRDAI-chaired group is weighing benchmark treatment rates, with recommendations expected by end-2026. Here is what that would change in a group mediclaim quote, and what it would not.
By Sarvada Editorial Team
Insurance Products - September 2, 2026 - 11 min read
Hormuz uncertainty pushed landed costs up by as much as 50 percent and marine war risk premiums up 200 percent, while Indian open covers still value cargo at invoice CIF plus 10. How to re-base the valuation clause, when to use duty and increased value cover, and how to allocate a war surcharge across FOB, CFR and CIF.
By Sarvada Editorial Team
Insurance Products - September 1, 2026 - 11 min read
The USFDA warning letter issued to Dabur India over cGMP violations at its Silvassa plant carries a 15 working day response window and sits one step below an import alert. A regulatory stop-ship destroys revenue without destroying anything physical, which is the gap in most Indian recall and business interruption wordings.
By Sarvada Editorial Team
Insurance Products - August 29, 2026 - 11 min read
A Tiruppur exporter's fabric spends more days at dyeing, printing, embroidery and stitching units than it does inside the exporter's own factory, and a standard fire policy covers stock at the declared premises only. This sets out where the job-work gap sits, how a declaration floater or a stock throughput policy closes it, and what to demand in writing from each job worker before goods leave the gate.
By Sarvada Editorial Team
Insurance Products - August 29, 2026 - 11 min read
Jammu and Kashmir has recorded 35 cloudbursts in 2026 and the Jammu-Srinagar national highway keeps shutting under landslides and shooting stones. This is what a marine cargo policy does and does not pay when a consignment sits on a closed road for days.
By Sarvada Editorial Team
Insurance Products - August 28, 2026 - 9 min read
Individual health cover has been GST-exempt since 22 September 2025 while group mediclaim still carries 18 percent with input credit largely blocked. That wedge is real, but it is not the whole cost, and the parts it hides are underwriting, waiting periods and claims-data control.
By Sarvada Editorial Team
Insurance Products - August 27, 2026 - 10 min read
Life insurers' new business premium rose 20.7 per cent in July 2026 while policy counts stayed flat, because the growth came from group single premium, up 30.9 per cent to Rs 27,857 crore. That is employers writing cheques into gratuity and superannuation funds, and the labour codes are part of the reason.
By Sarvada Editorial Team
Insurance Products - August 26, 2026 - 9 min read
The labour ministry is weighing a rise in the ESIC wage ceiling from Rs 21,000 to Rs 30,000, which would move over 50 lakh more workers into statutory cover and out of employer-funded group mediclaim. For manufacturing and logistics employers, that is a plan-design question to settle before the next renewal, not after.
By Sarvada Editorial Team
Insurance Products - August 25, 2026 - 9 min read
Aon puts India's 2026 medical trend rate at 11.5%, yet Indian employers are being quoted group mediclaim renewal loadings of 20 to 35%. This is how to decompose the quote into defensible trend, your own burning cost, and portfolio correction you should refuse to fund.
By Sarvada Editorial Team
Insurance Products - August 23, 2026 - 9 min read
The group behind Policybazaar now runs hospitals and owns a chronic-disease platform. For a corporate buyer of group mediclaim, that changes what network steering, tariff negotiation and claims servicing mean. This is a governance brief: the questions to ask, and the clauses to write into the servicing agreement, when broker, TPA and provider sit inside one group.
By Sarvada Editorial Team
Insurance Products - August 21, 2026 - 10 min read
The Mental Healthcare Act, 2017 requires insurers to cover mental illness on the same basis as physical illness. Nine years on, the gap has moved into sub-limits, hospitalisation triggers, day-care definitions and empanelment. A clause-level review checklist for brokers before the next GMC renewal.
By Sarvada Editorial Team
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