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Amazon bets on Insurance and Gold to make India centre of fintech push
India’s recovery to take time after economy shrinks 24% in June quarter
IRDA forms panel to examine relaunching of Index-linked products by life insurers
Currently, IRDAI, product regulations do not specifically permit insurers to sell index linked products and life insurers have been requesting the IRDAI to allow them to offer index linked products.
The working group will examine the need for index-linked products in India , availability of various indexes and how it will better serve the needs and interests of customers relative to traditional savings product.
Religare Health rebrands itself as Care Health Insurance,plans IPO
The rebranding is aimed at further building on opportunities to deliver the best possible ‘Care’ to its consumers.Officials of the company also said that they would be looking to go public going forward. However, no timeline was announced regarding the initial public offer (IPO). The institutional shareholders of the health insurer include Union Bank of India anf Kedaara Capital
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