insurance

Max Life enters into bancassurance partnership with CSB Financial institution 

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Max Life Insurance coverage Firm Ltd. (Max Life) has entered right into a bancassurance partnership with CSB Financial institution (CSB), a  non-public sector financial institution in India.  This partnership goals to supply a spread of financial savings, safety, retirement, and group life insurance coverage to greater than 2.5 million CSB prospects.  Bancassurance is an insurance coverage distribution … Read more

Insurance coverage Question: Porting Well being Insurance coverage Coverage

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I presently have a medical insurance coverage with a sum insured of ₹15 lakh. Nonetheless, my yearly premium has considerably elevated attributable to a value hike from my present insurance coverage firm. Consequently, I’m contemplating porting my coverage to a different insurer. May you please information me by means of the method of porting my … Read more

Govt might take offer-for-sale route to cut back stake in GIC Re

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GIC Re, India’s largest re-insurer, has prepped itself for a potential offer-for-sale (OFS) by the Authorities, with the probability of a credit standing improve by AM Finest seen appearing as a tailwind. At the moment, the Authorities has 85.78 per cent stake within the firm. For an organization to be listed and proceed to be … Read more

Price range 2024: Will Authorities Capex Sluggish Down, Shoppers Get a Enhance and Traders, Some Tax Concessions ?

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Decrease reliance on capex-driven progress  The interim Price range in early February introduced a ₹11-lakh-crore capex plan for FY24-25. To construct expectations on the capex entrance from the Modi authorities’s third time period, it’s price noting the tempo of capex within the final 5 years in comparison with the primary time period of this authorities. … Read more

Debunking Frequent Myths about Insurance coverage

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Insurance coverage is integral to fostering monetary safety and guaranteeing safety from unexpected circumstances and dangers. But, individuals usually overlook the concept of shopping for insurance coverage as a consequence of a barrage of misinformation and myths which have endured for many years. Many people find yourself shopping for ULIPs or endowment plans, mistakenly believing … Read more

ICICI Lombard launches surety insurance coverage for infra sector

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ICICI Lombard has launched Surety Insurance coverage to offer danger mitigation options for India’s burgeoning infrastructure sector. Surety insurance coverage acts as a assure to a beneficiary (usually an authority or consumer) {that a} principal debtor (normally a contractor) will fulfil their contractual obligations. Additionally learn: Capital Small Finance Financial institution, ICICI Lombard enter into … Read more

IRDAI asks insurers to open extra bricks-and-mortar branches

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The Insurance coverage Regulatory and Growth Authority of India (IRDAI) has requested insurers to open extra bricks-and-mortar branches alongside stepping up digital choices.  “Bodily presence via brick-and-mortar places of work leads a good distance in gaining buyer confidence significantly in distant areas of the nation. Adoption of expertise infrastructure to succeed in out to prospects … Read more

Namdev Finvest Companions with Bajaj Allianz Basic Insurance coverage 

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Namdev Finvest, a Jaipur primarily based NBFC, has entered into strategic alliance with Bajaj Allianz Basic Insurance coverage, a number one insurance coverage platform, to supply complete monetary options, together with insurance coverage and NBFC companies, to its clients.  The strategic alliance leverages Namdev’s buyer community and geographic presence, backed by Bajaj Basic Insurance coverage’s … Read more

IRDAI extends life, medical insurance cowl to Gram Panchayats

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In a transfer that may carry insurance coverage all the way down to the grassroots, the Insurance coverage Regulatory and Improvement Authority of India (IRDAI) has mandated life and common insurers to increase cowl to sure recognized Gram Panchayats. Per the grasp round points by the regulator on rural, social and motor third celebration obligations, the … Read more

IRDAI seeks particulars on IIHL’s proposed takeover of RCap’s insurance coverage arms

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IRDAI has written to the administrator of Reliance Capital on March 20 looking for particulars of IndusInd Worldwide Holdings’ proposed takeover of bancrupt RCap and its insurance coverage subsidiaries. The letter was in response to functions filed by the insurance coverage subsidiaries in October 2023 and conferences held with the administrator in December 2023 and … Read more