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INSURANCE NEWS
Bajaj Allianz offers loan against life insurance policy
Tue, May 26, 2020     Source : Mint
To provide financial support to customers amid the two-month long coronavirus lockdown, Bajaj Allianz life insurance has recently launched an unique option — avail loans against insurance policies.
INSURANCE NEWS
LIC launches modified PM Vaya Vandana Yojana
Tue, May 26, 2020     Source : Business Line
Life Insurance Corporation of India (LIC) on Monday announced the launch of the Pradhan Mantri Vaya Vandana Yojana (Modified- 2020) Scheme.
INSURANCE NEWS
Amphan cyclone: IRDAI asks insurers to hasten settlement of claims
Tue, May 26, 2020     Source : Business Line
The Insurance Regulatory and Development Authority of India (IRDAI) has directed insurers to hasten settlement of claims pertaining to the cyclone Amphan.
INSURANCE NEWS
Standard Health Insurance Policy: Digit Insurance launches Arogya Sanjeevani
Mon, May 25, 2020     Source : Financial Express
IRDAI had mandated all standalone health insurance companies and general insurance companies to offer a standard health product to the policyholders from April 1, 2020.
INSURANCE NEWS
No big growth seen for insurance sector this year due to virus impact: Bajaj Allianz
Fri, May 22, 2020     Source : Business Line
Bajaj Allianz Life is not expecting significant growth for insurance industry this year due to coronavirus impact on the economy, a top company official has said.
INSURANCE NEWS
How home and car insurance can protect you against natural disasters
Fri, May 22, 2020     Source : Mint
Cyclone Amphan made landfall in India on Wednesday, causing torrential rains and wind speeds of around 155-165 Kmph.
INSURANCE NEWS
IRDAI permits Union Bank to continue with IndiaFirst stake
Fri, May 22, 2020     Source : Economic Times
The state owned bank which is also the promoter of Star Union Dai-Chi had to divest either the entire stake in IndiaFirst Life Insurance, or a sizable part of it, as IRDAI guidelines prohibit a lender to o...
INSURANCE NEWS
PMVVY Scheme: Modi govt extends Pradhan Mantri Vaya Vandana Yojana for senior citizens
Thu, May 21, 2020     Source : Financial Express
Initially an assured rate of return of 7.40 % per annum for the year 2020-21 per annum will be provided and thereafter to be reset every year.
INSURANCE NEWS
How covid-19 will change the way insurance policies are bought and sold
Thu, May 21, 2020     Source : Mint
For me, a benefit of the lockdown has been working from home. Fellow introverts know the connection we have with the mute button on Zoom and the supreme satisfaction of clicking “Stop video".
INSURANCE NEWS
You can now buy a motor insurance policy using the Flipkart app
Thu, May 21, 2020     Source : Economic Times
The Insurance industry of India has witnessed significant growth in the past few decades.
INSURANCE NEWS
Future Generali India settles Rs 276 crore of Pradhan Mantri Fasal Bima Yojana claims
Wed, May 20, 2020     Source : Business Line
Private general insurance company Future Generali India Insurance Company Ltd (FGII) has settled ?276 crore of Pradhan Mantri Fasal Bima Yojana claims during the lockdown period.
INSURANCE NEWS
Opt for monthly payment of term premiums as insurers get set to hike rates
Wed, May 20, 2020     Source : Business Standard
Some insurers have already started increasing premiums, and others are expected to do so in the next six months
INSURANCE NEWS
‘Post covid-19, life insurers will have to be more nimble, focus on digital’
Tue, May 19, 2020     Source : Mint
Ashish Kumar Srivastava joined PNB MetLife India Insurance Co. in 2013 but moved to Dubai in 2015 to head HR for MetLife in the Middle-East region. In 2017, he returned to become the MD and CEO of PNB MetL...
INSURANCE NEWS
IndiaFirst Life Insurance says no news yet on stake sale by Union Bank
Tue, May 19, 2020     Source : Business Line
Gearing up for a post-Covid world, IndiaFirst Life Insurance remains upbeat about the demand for insurance and said it has not received any communication of a possible stake sale by Union Bank of India.
INSURANCE NEWS
Covid-19 outbreak: Update insurance, tax and KYCs amid lockdown 4.0
Tue, May 19, 2020     Source : Business Standard
Utilise the relaxed phase to complete unfinished tasks on personal finance agenda
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