SBI Life Insurance has entered a strategic corporate agency...
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Policybazaar launches ‘ClaimSetu’
Policybazaar for Business (PBFB), the corporate arm of one of...
Edme Insurance Brokers appoints Nitin Firke as MD, Reinsurance
Edme Insurance Brokers has appointed Nitin Firke as managing...
Sandeep Batra to be chairman of ICICI Prudential Life Insurance from June 30
The Insurance Regulatory and Development Authority of India has approved the appointment Sandeep Batra, current an executive director, ICICI Bank as the next chairman of ICICI Prudential Life Insurance. The appointment will be effective from June 30, 2024. Batra, who...
Tata AIA Life provides instant loan up to Rs 1 lakh against policies
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
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...
Max Life declares Rs1,826 crore bonus in Fy 23-24
Max Life Insurance Company (Max Life) has announced its highest-ever participating (PAR) bonus of Rs1,826 Crore for its eligible policyholders in FY23-24. The bonus is 14% higher than the bonus declared in the last fiscal. The declared annual bonus will be added to...
Upstox ties up with HDFC Life for selling insurance products
Upstox, a wealth management platform today launched its entry into insurance distribution business and has tied up with HDFC Life as its first insurance partner. “With this launch, the company aims to revolutionise India's insurance landscape by offering its users a...
HDFC Life announces highest-ever bonus of Rs 3,722 cr on participating plans
HDFC Life has announced its highest-ever bonus of Rs. 3,722 cr. on participating plans during the company’s board meeting in April 2024 benefitting 22- 23 lakh policyholders. Out of the total bonus amount, Rs 2,798 crore will be disbursed to policies in the current...
Govt entrusts NIA’s financial and administrative powers to both of its EDs
The government has made some temporary arrangements to manage the day to day functioning of New India Assurance after Neerja Kapur retired as CMD of the company in Apr end. The ministry of finance on Monday has entrusted the financial, administrative powers and...
Aurm Partners with TATA AIG to offer high-end safe vaults with up to Rs 25 lakh insurance coverage
Aurm, a Bangalore based firm securing vault services has announced a strategic partnership with TATA AIG General Insurance to provide comprehensive insurance coverage up to Rs 25 lakh to Aurm customers for their entrusted valuables. Aurm partners with banks and real...
Phi Commerce to manage payment solutions for Reliance Nippon Life Insurance
Omnichannel payment solution provider Phi Commerce will manage payment solutions for Reliance Nippon Life Insurance Company (RNLICL) for streamlining the insurer’s payment processes, including premium collections, a company statement said. The arrangement will seek to...
ICICI Bank raises stake in ICICI Lombard General Insurance
Sunil Bharti Mittal-promoted Bharti Enterprises on Thursday offloaded shares of ICICI Lombard General Insurance Company for Rs 663 crore through open market transactions at an average price of Rs 1,722.5 apiece. Bharti Enterprises Ltd sold 38.50 lakh shares, amounting...