Coverfox News

IRDAI’s new rules divide private car and two-wheeler insurance into four sections, allowing customers to choose optional covers from 15 December 2026.

Coverfox launches Befikar Diwali, a campaign featuring three generations of the Sharma family to highlight evolving attitudes towards insurance and financial protection.

IRDAI has declared November 2026 as Grievance Resolution Month, urging insurers to clear pending policyholder complaints and improve grievance redressal.

Coverfox Founder & MD Sanjib Jha has been recognised among India's Top 100 Influential Fintech Founders 2026 by Indian BFSI Times.

MoRTH proposes AEBS in new car models from October 2030. Find out how the draft rules could affect car prices and insurance premiums.

IRDAI proposes changes to insurance commissions and distribution costs. Find out how the proposals could affect insurers, agents and insurance access in smaller towns.

Employers could claim ITC on the 18% GST paid on group health insurance if Section 17(5) is amended. The GST Council also recommended extending the benefit to life insurance.

Non-life insurers are considering a 10% co-pay on health insurance claims. The proposal could lower premiums but increase policyholders’ hospital expenses.

UPI MDR rules from 15 October 2026 set a flat ₹5 MDR on insurance premium payments above ₹2,000 and the MDR is paid by insurers, not policyholders.

IRDAI has proposed changes to insurance distribution, including commission limits, EoM norms, cost disclosures and digital sales practices.

New survey finds 62% of India’s gig workers lack health insurance, while 44.2% have no accident cover, highlighting gaps in worker protection.

Maharashtra FDA flags medical consumable markups of up to 2,841% and seeks NPPA review, highlighting the impact of hospital charges on health insurance claim costs.