Insurtech: The Unchartered Potential
ABSTRACT Insurance is a means of protection against a financial risk that could occur against a contingent or an uncertain eventuality. The insurance sector in India works on a mainstream…
Quip to introduce dental insurance alternative in NYC
American electric toothbrush maker Quip will soon introduce an app-based online alternative platform for dental insurance in New York City. Dubbed Quipcare, the platform intends to make prices more transparent…
HDFC Life Insurance posts 11.7% growth in Q1 net profit
An 11.7% year-on-year (YoY) growth for the first quarter ended in June has been posted by HDFC Life Insurance, along with standalone net profit at Rs 424.62 crore, driven by…
LIC offloads 2% in BHEL, Axis Bank
The LIC has offloaded 2% stake in Axis Bank and Bharat Heavy Electricals each. As per a regulatory filing, LIC sold 2.004% stake or 5.25 crore shares in Axis Bank,…
IRDAI introduces new norms for ULIP and non-linked products
IRDAI has recently issued new norms for life insurance products inclusive of ULIP and non-linked products. According to the new rules, the minimum death benefit in non-linked policy has been…
Reliance Gen Insurance’s digital campaign brings back childhood cricket memories
Reliance General Insurance has recently rolled out its digital marketing campaign #CoveredHai, which takes customers on a nostalgic experience with a video that integrates insurance expectations with unforgettable memories of…
China gives nod for new firm to replace Anbang Insurance
China's The Insurance regulator of China has recently given its official approval in order to set up a new company called Dajia Insurance Group to take over the assets of…
SBI Life Insurance shares hit record high
SBI Life Insurance shares hit record high of Rs 780 apiece, up 3%, on the BSE on July 12, surpassing its previous high of Rs 776 touched on July 5,…
AYUSH Ministry substantially underfunded, says minister
Shripad Yesso Naik, the Minister of State (Independent charge for AYUSH), has recently stated that said the Ministry of AYUSH is substantially underfunded. He further added that in order to…
IRDAI relaxes repayment conditions in suicide cases
In a recent move, IRDAI has relaxed the repayment conditions in case of death due to suicide. The IRDAI has directed the domestic life insurers to refund the premium to…