The report spotlights the underinsurance of working women. Only 19...
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Gen Z embraces insurance early, warm up to Gen AI for research, finds out Policybazaar survey
The survey reveals a growing curiosity, early purchase...
Make GIFT IFSC more competitive to attract foreign investments: FM Sitharaman
Sitharaman visited IFSC at GIFT City in Gandhinagar on Thursday and...
Rise in premium amount for life insurance biggest concern for consumers: Survey
Another key finding of the report is that 22 per cent of customers cited 'Company does not keep in touch' as a potential reason for leaving. In addition, 8 out of 10 customers would like the bank RM/agent to call/meet them after purchase at least once every six...
Irdai’s order to stop loan re-payment via credit card good for policyholders: Insurers
Welcoming the Irdai's decision, Kamlesh Rao, MD and CEO, Aditya Birla Sun Life Insurance, said it helps ensure the best interests of policyholders and supports responsible financial planning. Mumbai: Regulator Irdai's decision to bar repayment of loans taken against...
6.64 lakh families receive claims for Rs13,290 crore under PMJJBY scheme: FM
Union Finance and Corporate Affairs Minister Nirmala Sitharaman Under PMSBY scheme, Sitharaman said that more than 1.15 lakh families have received claims for Rs 2,302 crore New Delhi: Celebrating the 8th anniversaries of the three social security (Jan Suraksha)...
FSDC pitches for special drive for settlement of unclaimed deposits and insurance benefits: FM
Finance Minister Nirmala Sitharaman Economic Affairs Secretary Ajay Seth it was deliberated that regulators should conduct a special drive to facilitate the settlement of unclaimed deposits and claims in the financial sector across all segments, such as banking...
IRDA proposes new advertisement norms for insurers
Each insurer has to constitute an advertisement committee reporting to the Product Management Committee. The advertisement committee will have at least three members mandatorily from Marketing, Actuarial and Compliance functions of the insurer, said the IRDAI...
India at vanguard of digital revolution, its financial inclusion journey can be example for others: UN officials
A “robust and citizen-centric digital public infrastructure plays a major role in achieving multiple national goals, which include financial inclusion, social security, health insurance, digital transactions and easy access to credit while providing the building...
Reliance shareholders, creditors approve demerger of financial services arm
The financial services arm will now be renamed to Jio Financial Services Limited and will undertake a host of financial services including setting up a life insurance as well as one general insurance company and the shareholders of Reliance Industries will receive one...
LIC launches ’s Group Post Retirement Medical Benefit Scheme
Mumbai: Life Insurance Corporation of India has introduced Group Post Retirement Medical Benefit Scheme with effect from 2nd May 2023. This plan is a Non-Linked, Non-Participating, Life, Group Savings Insurance product. The plan helps to meet the employer’s obligation...
HDFC Life elevates Niraj Shah as ED & CFO
HDFC Life has elevated Niraj Shah as executive director & chief financial officer, effective April 26, 2023 for a term of three years, subject to approval of the Shareholders. Niraj has been the CFO) of HDFC Life since February 2019. He oversees finance, product...
IndusInd International Holding receives Rs 50,000 cr financial offers from overseas lenders for Reliance Capital acquisition
IIHL is offering Rs 10,000 crore for Reliance Capital, while the liquidation value (LV) and fair value (FV) of the company are pegged at Rs 13,000 crore and Rs 17,000 crore respectively Mumbai: The Hinduja Group arm, IndusInd International Holding Ltd. (IIHL), which...