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PB Fintech’s first quarterly net profit at Rs 38.05 crore in Q3

PB Fintech’s first quarterly net profit at Rs 38.05 crore in Q3

by AIP Online Bureau | Jan 30, 2024 | Indian News, Intermediaries, Life, Non-Life, Technology

Revenue from operations rose nearly 43 per cent to Rs 871 crore as proceeds from its insurance broker services more-than-doubled Mumbai: PB Fintech, the parent of online insurance aggregator Policybazaar, reported on Tuesday its first quarterly profit since listing,...
BAGIC net rises 3% to Rs 281 cr in Q3

BAGIC net rises 3% to Rs 281 cr in Q3

by AIP Online Bureau | Jan 30, 2024 | Indian News, Non-Life, Reinsurance

Tapan Singhel , MD & CEO, Bajaj Allianz General  Insurance The private sector insurer’s combined ratio increased to 102.9 per cent in 03 FY24 from 100.3 per cent in 03 FY23.Excluding the NATCAT impact. combined ratio for 03 FY24 stood at 99.5 per cent.BAGIC’s...

India ranks 93rd among 180 countries in Global Corruption Index 2023: Report

by AIP Online Bureau | Jan 30, 2024 | Data, Eco/Invest/Demography, Policy, Regulation, Risk Management

“Countries with continued high scores, such as New Zealand (3) and Singapore (5), maintain their positions at the top of the index globally, followed closely by other countries with stronger corruption control mechanisms, such as Australia (14), Hong Kong (14),...
LIC’s $30 billion market rally gives IPO investors chance at redemption

LIC’s $30 billion market rally gives IPO investors chance at redemption

by AIP Online Bureau | Jan 30, 2024 | Indian News, Life, Wealth Management/ Philanthropy

Gains in India’s broader equity market have been a boon to LIC, also the country’s largest investor with funds of more than $100 billion. An improved outlook for its premium business and prospects of a higher dividend payout has also spurred interest in the shares,...
Bajaj Finserv acquires Vidal Health Insurance TPA

Bajaj Finserv acquires Vidal Health Insurance TPA

by AIP Online Bureau | Jan 30, 2024 | Breaking News!, Health, Indian News, Non-Life, Technology

Vidal Health Insurance TPA Pvt Ltd (VHITPA), services premium of over Rs 5,000 crore, covering 130 million lives. The acquisition now enables Bajaj Finserv Health, a subsidiary of Bajaj Finserv of to offer OPD, wellness, as well as hospitalization benefits to...
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