Lto R- Narendra Kumar Bharindwal, president, IBAI,Nirmala...
Category:
Life
Latest
HDFC Life launches ‘First Call’ term campaign
HDFC Life, has unveiled a new term insurance campaign titled “First...
Zero GST Impact: Pvt sector general and health insurers slash commission to brokers and agents by 18% from Oct 1
ICICI Lombard General Insurance, Tata AIG General insurer, Star...
IRDAI asks insurers to fast track cyclone Remal claims
Insurers have been advised to settle claim payments/on account payments at the earliest and also encourage policyholders to use electronic communication wherever possible for correspondence Hyderabad: As the cyclone Remal have caused widespread loss of lives, property...
DoT unveils 160 series for service, transactional voice calls
Now, for example, the service and transactional calls originating from financial entities like the RBI, SEBI, PFRDA, IRDA, etc shall start from 1601 New Delhi: The Department of Telecommunications (DoT) has introduced a new numbering series, 160xxxxxxx for making...
Tata AIA ties up with Federal bank, ICICI Lombard with Capital Small Finance Bank
Capital Small Finance Bank has announced a bancassurance corporate agency tie-up with ICICI Lombard General Insurance. Anand Singhi, chief- retail and government, ICICI Lombard, said, “Our alliance with Capital Small Finance Bank is a strategic move to further expand...
Ambani’s financial services App to take on Google and Amazon
The company announced the test version of its platform, named JioFinance, for UPI transactions, bill settlements as well as insurance related services Mumbai: Billionaire Mukesh Ambani's Jio Financial Services has introduced a new super-app for digital banking and...
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...
LGBTQIA+ community: 9 in 10 in India secure their financial future, says Max Life’s study
With a population estimated to be around 135 million people, or around 10% of India's 1.4 billion population, the LGBTQIA+ community represents a significant segment whose financial preferences and challenges cannot be overlooked The flagship study of Max Life...
Pesky calls: IRDAI asks industry players to comply with TRAI norms
In a circular on Tuesday, the insurance regulator has said regulated entities can only use the `140/180’ numbering series(or any other numbering series allocated/assigned by DoT/TRAI in future for the purpose) for making commercial calls Hyderabad: In a bid to curb...
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...
LIC plans health foray through acquisitions, net profit rises 2% to Rs 13,763 cr in Q4, to pay Rs10 dividend in Fy 24
“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...
Life insurance set to boom as interest rates surge, says Swiss Re
Jérôme Jean Haegeli, Group Chief Economist, Swiss Re Swiss Re Institute forecasts an additional USD 1.5 trillion in global insurance savings premiums over the next decade, as consumers are moving to buy life-savings products that secure higher retirement incomes. As a...