Major insurers invested billions in AI for faster claims. But for many Indian travelers, the tech is causing costly delays. The IRDAI is now probing the fallout.
Major insurers invested billions in AI for faster claims. But for many Indian travelers, the tech is causing costly delays. The IRDAI is now probing the fallout.
Gujarat International Finance Tec-City’s insurance premiums crossed $1.2 billion (₹98,000 crore) in FY26. The tally marks a 105% jump over the ₹48,000 crore recorded in FY25, when premiums stood at $600 million.
Major insurers invested billions in AI for faster claims. But for many Indian travelers, the tech is causing costly delays. The IRDAI is now probing the fallout.
Major insurers invested billions in AI for faster claims. But for many Indian travelers, the tech is causing costly delays. The IRDAI is now probing the fallout.
Major insurers invested billions in AI for faster claims. But for many Indian travelers, the tech is causing costly delays. The IRDAI is now probing the fallout.
Gujarat International Finance Tec-City’s insurance premiums crossed $1.2 billion (₹98,000 crore) in FY26. The tally marks a 105% jump over the ₹48,000 crore recorded in FY25, when premiums stood at $600 million.
ICICI Lombard paid 97.8% of car claims in 2025. HDFC Ergo did the same. Five others hit 95% in FY26. But that’s today. What wins in practice is how fast the cheque reaches the doorstep.
The UDF and LDF, contesting Kerala's April 2026 Assembly polls, have promised to enhance the state's health insurance cap from ₹2.5 lakh to ₹5 lakh. This follows national trends under Ayushman Bharat.
The Insurance Regulatory and Development Authority of India (IRDAI) on Friday retained Life Insurance Corporation (LIC), General Insurance Corporation of India (GIC Re) and New India Assurance as Designated Systemically Important Insurers (D-SII). This triggers stricter capital and governance norms for the threeentities.
Major insurers invested billions in AI for faster claims. But for many Indian travelers, the tech is causing costly delays. The IRDAI is now probing the fallout.
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