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Xiaomi to offer full spectrum of financial services, adds insurance vertical to its India platform

Xiaomi is adding insurance vertical to its platform as well as expanding the lending category with the addition of offerings like gold loans and credit line cards.
Xiaomi India Financial Services Head Ashish Khandelwal said Xiaomi has partnered with ICICI Lombard to curate a health insurance product.

Xiaomi also has a cyber insurance offering, and more than 25,000 customers have been covered so far.

”Going ahead, insur-tech is another proposition that we are working on in a curated manner in partnerships,” he added.

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Three insurance-related firms to raise Rs 10,000 cr through IPOs

Policybazaar’s Rs 6,017.5-crore public issue comprises a fresh issue of Rs 3,750 crore and an offer-for-sale of Rs 2,267.5 crore by existing selling shareholders
Star Health, the largest standalone private health insurer, is planning to raise Rs 3,000 crore; while Medi Assist, which is the largest third-party administrator, is lining up a Rs 840-1,000 crore issue, according to their draft red herring prospectus (DRHP) filed with the market watchdog.

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Severe Covid-19 breakthrough cases mostly in older, sicker patients: Doctors

Such “breakthrough” cases have become central to a global debate over whether highly vaccinated countries should give booster doses of Covid-19 vaccines, and to which people. Israel began offering booster doses to people age 60 and up in July, and has since expanded that eligibility.

The United States, citing data out of Israel and other findings, said on Wednesday it would make booster doses available to all Americans beginning in September. 

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India approves Zydus Cadila’s ZyCoV-D vaccine for emergency use for adults and children above 12 yrs

Chairperson of the Zydus Group, Pankaj R Patel said, “We are extremely happy that our efforts to put out a safe, well-tolerated and efficacious vaccine to fight COVID-19 has become a reality with ZyCoV-D. To create the world’s first DNA vaccine at such a crucial juncture and despite all the challenges, is a tribute to the Indian research scientists and their spirit of innovation. I’d like to thank the Department of Biotechnology under the Government of India for their support in this mission of Atma Nirbhar Bharat and Indian Vaccine Mission COVID Suraksha.”

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