Category

Vishal Sharma, Executive Vice President, Bancassurance – Retail Business, HDFC ERGO General Insurance Company

Bonding with Banks 

Articles       Jan 17, 2019

  The privatisation of the insurance industry in the 2000s gave an overall boost to the insurance sector. However, till late 2012, banks were allowed to sell insurance products of just one insurancecompany, in each category. Thereafter, with the new regulation, banks were allowed to adopt...

``Rising geopolitical and geo-economic tensions are the most urgent risk in 2019''

International News       Jan 16, 2019

    Mumbai: According to the the World Economic Forum’s Global Risks Report, rising geopolitical and geo-economic tensions are the most urgent risk in 2019, with 90% of experts saying they expect further economic confrontation between major powers in 2019.   The report released on Wednesday said environmental...

Turtlemint's $25 million funding by Sequoia

Indian News       Jan 16, 2019

  Mumbai:  Tech-based platform Turtlemint, fast emerging as a leader in the insurance distribution space, has closed a USD 25 mn funding round - led by Sequoia India, with participation from existing investors Nexus Venture Partners and Blume Ventures.   The Mumbai based startup, which has pioneered...

Tax return will soon be processed in one day

Indian News       Jan 16, 2019

  New Delhi: IT major Infosys has been selected to implement the next generation system for processing income tax return filings, with the Union Cabinet sanctioning an estimated Rs 4,241.97 crore for the project.   The move will help in bringing down the income tax return (ITR)...

There may be no tax on income up to ₹500,000

Indian News       Jan 16, 2019

  New Delhi: With middle-class apathy on the rise, Finance Minister Arun Jaitley may double the income tax exemption threshold for the salaried from the present ₹250,000 to ₹500,000 while also reinstating tax-free status for medical expenses and transport allowance, providing some relief to the section...

TATA AIG General launches ‘Medicare' for health contigencies

Indian News       Jan 16, 2019

  Mumbai: Tata AIG General Insurance Company has introduced its new healthcare variant ‘MediCare’,a flexible and all-inclusive product offering life-long renewal benefit to its customers and offers a sum insured option of up to Rs 20 lacs coverage with no sub-limit for any diseases, no co-pays...

World Bank Gr announces $50 bn over five yrs for Climate Adaptation & Resilience

International News       Jan 15, 2019

  WASHINGTON: The World Bank Group today launched its Action Plan on Climate Change Adaptation and Resilience. Under the plan, the World Bank Group will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. This financing level—an average of $10 billion a year—is...

Pension Trustees seek corporate disclosure of Sexual Harassment Costs, Policies

International News       Jan 15, 2019

  A group of trustees from some of America’s biggest public pensions are calling on companies to detail costs related to sexual harassment and any measures they’re taking to address the problem.   “We don’t see how it could possibly be accretive to corporate value to have...

Cyber joins Business Interruption as leading Global Risk for first time: Allianz

International News       Jan 15, 2019

  NEW YORK: In the wake of mega data breaches and privacy scandals, major IT outages and the introduction of tighter data protection rules in the European Union and other countries, cyber risk is now a core concern for businesses in 2019 and beyond.   According to...

Max Life Insurance to pay death claims up to Rs 50 Lakhs in just 1 day

Indian News       Jan 15, 2019

  New Delhi:  Max Life Insurance has launched InstaClaim™, an initiative that endeavours to pay death claims in just 1 day for policies up to Rs. 50 Lakhs where all minimum mandatory documents are received. Death claims shall be eligible for InstaClaim™ provided the policy duration...