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Tata AIA Life provides instant loan up to Rs 1 lakh against policies

by AIP Online Bureau | May 27, 2024 | Briefs, Life, Technology

Policyholders of Tata AIA Life Insurance can now avail an instant loan of up to Rs 1 lakh at an interest rate of 8.80% per annum from their insurance policy without losing any coverage or without any credit check. The loan amount is credited to the consumer’s account...

Acko ties up with Mygate to offer car insurance

by AIP Online Bureau | May 27, 2024 | Briefs, Non-Life, Technology

Mygate, a living experience tech company, has entered into a strategic partnership with ACKO. Initially, the partnership will focus on car insurance, offering with Mygate users accessing Acko policies at exclusive prices, timely renewal reminders, and instant...

Transformative years ahead for the insurance sector: Allianz Report

by AIP Online Bureau | May 27, 2024 | Workplace/Employee Benefits

In all, the global premium pool is set to increase by almost EUR5trn.Most of this growth will be in the life segment (EUR1.887bn) with Asia ( Japan) remaining the growth engine for global life business (+7.3% p.a.). The region should account for half of absolute...
LIC plans health foray through acquisitions, net profit rises 2% to Rs 13,763 cr in Q4, to pay Rs10 dividend in Fy 24

LIC plans health foray through acquisitions, net profit rises 2% to Rs 13,763 cr in Q4, to pay Rs10 dividend in Fy 24

by AIP Online Bureau | May 27, 2024 | Indian News, Life

“During the last year, we have focused on directional changes in our product mix and enhancing margins in the business. We have more than doubled our share of non-par business within our Individual business. Now we intend to focus our strategic interventions to...
Bima Vitarak Manthan: IBAI wants Bima Vahaks to join brokers as point of sales person

Bima Vitarak Manthan: IBAI wants Bima Vahaks to join brokers as point of sales person

by AIP Online Bureau | May 27, 2024 | Indian News, Intermediaries, Non-Life, Regulation, Reinsurance, Technology

Debasish Panda,chairman, IRDAI At the recently concluded Bima Vitarak Manthan, Debasish Panda, chairman, IRDAI emphasized on creating an insurance ecosystem which is highly sensitive to the needs of the policyholders propelling towards “Zero Friction, Zero Pain-points...
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