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Customers buying high-value products through credit card EMIs at all-time high:HDFC Bank

by AIP Online Bureau | Sep 8, 2020 | Eco/Invest/Demography, Facts, Technology

Mumbai: Number of customers preferring to buy high-value products through instalments stood at an "all-time high" during the coronavirus pandemic, the country's largest private sector lender HDFC Bank said on September 8. Even as concerns get raised...

General insurance business in India to contract by 9% in 2020 due to COVID-19, says GlobalData

by AIP Online Bureau | Sep 8, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Pandemic, Reinsurance

Hong Kong: General insurance business in India is expected to contract by 9% in 2020 due to COVID-19, a sharp decline from the 10% growth witnessed in 2019, according to GlobalData, a leading data and analytics company. GlobalData has revised India’s insurance...

Telemedicine market in India to reach USD 5.5 billion by 2025: EY-IPA study

by AIP Online Bureau | Sep 8, 2020 | Eco/Invest/Demography, Health, Indian News, Technology

New Delhi: The Indian healthcare industry needs to shift from traditional in-person doctor-patient interaction to digitally-enabled remote consultations, according to an EY-IPA study which said the domestic telemedicine market will reach USD 5.5 billion by 2025....

QBE Hong Kong offers new mental health support coverage for individual PA products

by AIP Online Bureau | Sep 8, 2020 | Eco/Invest/Demography, International News

HONG KONG: QBE Hong Kong today announced the launch of a new mental health support coverage, offering unique COVID-19 support to individuals and their families, with a view to assisting people facing mental health concerns due to the pandemic. The mental health...

Max Life Insurance launches COVID-19 1-yr term rider with diagnosis and death benefit

by AIP Online Bureau | Sep 8, 2020 | Health, Indian News, Life, Pandemic

New Delhi: Max Life Insurance Company today announced the launch ofits“Max Life COVID-19 One Year Term Rider (Covid -19 Rider)(A Non-Linked Non-Participating Individual pure risk premium life insurance rider. Starting at anaffordable annualized premium of Rs 271...
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