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Insurers to provide details of basic features to customers from Jan 1, 2024

Insurers to provide details of basic features to customers from Jan 1, 2024

by AIP Online Bureau | Oct 30, 2023 | Health, Indian News, Non-Life

Policyholders will also be informed about policy coverage (like hospital expenses), exclusions (what the policy does not cover), waiting period, financial limits of coverage, claims procedure, and details about grievances/complaints redressal mechanism. Hyderabad:...

RBI bars Bank of Baroda from more customers on bob World app

by AIP Online Bureau | Oct 10, 2023 | Banking & Bancassurance, Indian News, Regulation, Technology

“This action is based on certain material supervisory concerns observed in the manner of onboarding of their customers onto this mobile application. Any further onboarding of customers of the bank on the ‘bob World’ application will be subject to...
FM asks financial entities to ensure customers nominate heirs

FM asks financial entities to ensure customers nominate heirs

by AIP Online Bureau | Sep 5, 2023 | Indian News, Policy, Technology

Union Finance Minister Nirmala Sitharaman asked fintech companies to invest in cybersecurity and said that trust is very important Mumbai: India’s financial ecosystem has made a giant stride from being conventional to fintech-driven and the new solutions have...

Singapore Airlines’ in-flight retailer says 4,749 customers exposed to phishing attack

by AIP Online Bureau | Mar 17, 2022 | International News, Technology

The company has reviewed its systems and processes together with Singapore Airlines and concluded that the breach was an isolated incident that came about due to a human error. None of its other databases or systems had been compromised Singapore: Personal information...

RBI bars Paytm Payments Bank from onboarding new customers

by AIP Online Bureau | Mar 12, 2022 | Indian News, Regulation, Technology

“The bank has also been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system. Onboarding of new customers by Paytm Payments Bank Ltd will be subject to specific permission to be granted by RBI after reviewing report of...
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