“…25 per cent of businesses say their most damaging data breach in...
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Maruti Suzuki India is recalling 39,506 units of Grand Vitara
Affected vehicle owners will receive communication from Maruti...
Airlines need to be properly rewarded says,IATA chief amid supply chain woes
The global aviation industry has been grappling with supply chain...
Online payment frauds jump over 400% in India:RBI data
"Fraudsters are getting sophisticated by the day, while financial institutions and fintechs, jostling for market share and growth, have loosened controls." Mumbai: Digital payment frauds in India saw a more than fivefold jump to Rs 14.57 billion ($175 million) in the...
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...
New India and GIC Re to launch India’s first Digital Identity Monitoring and Insurance Solution
“As more of the Indian population moves online and shares sensitive identity information on various platforms, it’s vital that individuals have access to the right protection should their data be breached. We are pleased to introduce our latest innovation in...
Lloyd’s and Bermuda Monetary Authority to foster innovation and education access
``This joint agreement will ensure we share the knowledge and expertise needed to deliver the products and solutions to tackle our customer’s challenges and support the growth ambitions of our markets in the years to come” London: Lloyd’s, the world’s leading...
Insurers have to reduce premiums or raise sum assured in case of no claims by health insurance customers: IRDAI
A health insurance policy is renewable and can't not be denied on the ground that claim (s) was made in the preceding policy years, except in case of established fraud or non-disclosure or misrepresentation by the insured Insurers have grant final authorization within...
Govt cracks down on SMS scammers; blacklists 8 principal entities found spewing fraud msgs
The Department of Telecom (DoT), in collaboration with the Ministry of Home Affairs (MHA), has taken decisive action to protect citizens from potential SMS fraud through the Sanchar Saathi initiative, it said NEW DELHI: In a major crackdown on SMS scammers, the...
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...
Bima Vitarak Manthan: IBAI wants Bima Vahaks to join brokers as point of sales person
Debasish Panda,chairman, IRDAI At the recently concluded Bima Vitarak Manthan, Debasish Panda, chairman, IRDAI emphasized on creating an insurance ecosystem which is highly sensitive to the needs of the policyholders propelling towards “Zero Friction, Zero Pain-points...
India to emerge as an economic superpower amid looming global economic landscape
The digital revolution in India is another sector where the country has taken a lead, many countries have adopted India's UPI for financial transactions. With the highest number of digital transactions globally and broadband connectivity reaching over 93 per cent of...