Royal Sundaram General Insurance has entered into a bancassurance partnership with City Union Bank. This arrangement will enable the customers of the bank to have easy access to a comprehensive suite of best-in-class general insurance products from Royal Sundaram...
Briefs
BoI launches digital mode for NPS enrollment
Bank of India launched its digital mode for the enrollment in National Pension System (NPS) in association with K-fintech. Customers can now open the NPS account on their mobile in a hassle free & paperless manner, simply by scanning the QR code. The new digital...
PNB MetLife announces Rs 594 crore bonus for 4.95 lakh policyholders
PNB MetLife India Insurance Company (PNB MetLife) has announced a 12% higher bonus of Rs 594 crore for 4.95 lakh policyholders of participating products for FY22. Ashish Kumar Srivastava, MD & CEO, PNB MetLife, said, “This is the highest bonus that we have ever...
IRDAI extends `Use & File’ procedure to Agriculture and allied activities covers
Insurance Regulatory and Development Authority of India (IRDAI) in its continued endeavor to protect the interests of all segments of policyholders and improve the ease of doing business has now extended the ‘Use and File’ procedure to products covering Agriculture...
2 life insurers in bancassurance partnership with City Union Bank
Bajaj Allianz Life Insurance and Tata AIA Life Insurance have entered into a strategic partnership with City Union Bank, one of the oldest private sector banks in India, to offer their wide array of life insurance solutions to the bank’s existing and future customers,...
HDFC Life invests in ‘Z3Partners Tech Fund’
HDFC Life has invested in Z3Partners’ new fund named ‘Z3Partners Tech Fund’ which is a tech and digital investment focused Venture Capital (VC) fund. Z3 Partners, which is currently raising this Fund of Rs. 500 crore, has already backed best quality startups like...
PSU general insurance employees defer their strike to 15 July
The Joint Forum of unions and associations of employees and officers in public sector general insurance companies(JFTU) has decided to defer their strike, to push for early conclusion of the industry's wage revision, to 15th July. In view of the fact that GIPSA...
Universal Sompo General Insurance launches retail health plan
As part of its efforts to focus on retail health products, Universal Sompo General Insurance has launched Complete Health Insurance plan with added features for retail consumers. The product is a comprehensive health insurance cover that includes a slew of new...
Bajaj Allianz Life launches QR Code enabled services for its customers
Pune: In an industry-first initiative, Bajaj Allianz Life Insurance has launched QR Code Enabled Services, that provides customers access to 15 popular services on their phone After scanning the QR Code available in the company’s 509 branches, they can make premium...
“Mahindra Insurance Brokers- BigHaat” alliance to offer health and motor covers to farmers
Mumbai: Mahindra Insurance Brokers Limited (MIBL) in a partnership with BigHaat, India’s leading Agri Digital Platform, will offer financial solutions to the informal Agri segment of India’s workforce.. Mahindra Insurance Brokers will offer health and motor insurance...