Archive · 3 Jan 2026
Evolving Insurance Needs in 2026
In 2026, insurance is becoming more important for people in India.
There are different types of insurance like travel, health, and term insurance.
The government has made some changes that make insurance cheaper and better.
For example, the tax on health and term insurance has been reduced to zero, and there are new rules that help senior citizens get insurance more easily.
Travel insurance is also important because weather and political events can cause problems while traveling.
People should think about getting insurance to protect themselves and their families.
Financialisation of savings has increased post-Covid, with significant growth in demat accounts, mutual funds, and ETFs.
Insurance has made steady progress in the last five years, with evolving risks and solutions in protection.
Regulatory changes have improved the use case for health and term insurance, including a reduction in GST to zero.
Travel insurance is becoming increasingly important due to frequent weather and geopolitical disruptions.
Senior citizens should consider health insurance, as regulatory changes have made it more accessible and affordable.
- Who
- Indian policyholders and prospective buyers
- What
- Evolving insurance needs and regulatory changes
- When
- Beginning of 2026
- Where
- India
- Why
- To enhance financial planning and protection against evolving risks
- Demat Accounts
- Grown exponentially post-Covid
- Mutual Fund Assets
- Ballooned post-Covid
- Gold/Silver and Other ETFs
- At their peak
- GST on Health and Term Insurance
- Reduced from 18% to 0%
- PED Waiting Period
- Reduced to 3 years from 4
- Moratorium Period
- Reduced to 5 years from 8
- Travel Insurance
- Covers flight delays, cancellations, and adventure sports injuries
- Critical Illness Rider
- Allows lump-sum payment on diagnosis of critical conditions