UCO approaches LIC for capital-raising
The LIC could play a major part UCO Bank's capital-raising plan in FY19. The MD and CEO of the bank Atul Kumar Goel said that the bank has approached LIC…
RC of stolen, scrapped vehicles needs to be canceled: IRDAI
IRDAI has recently directed insurers to ensure Certificate of Registration (RC) cancellation of the vehicle in case of total loss claim settlement. “It has come to the notice of the…
General insurers record 12.99% growth in April-July
A 12.99% growth has been reported by general insurance companies in their gross direct premium at Rs 55,450.42 crore between April and July as against to the corresponding period a…
Lloyd’s selects 11 InsurTech disruptors for its ‘bold new strategy’
Lloyd’s has selected 11 successful teams of InsurTech disruptors, out of more than 130 applications were received from across the world for the third cohort of the Lloyd’s Lab. As…
BIMTECH INSURANCE COLLOQUIUM-2019
Indian Insurance: Steps Ahead DECIPHERING THE EMERGING MARKETING SCENARIO 4th October, 2019 (Friday) Venue: Mumbai Cricket Association (MCA), Mumbai Recreation Centre- “Boundary Hall” Inaugural 4:00 P.M. to 4:30 P.M. Theme-I:…
Aegon says customer data possibly exposed
Aegon Life Insurance said that its website possibly exposed data of 10,000 customers. However, the company informed that it is probing into the matter. The insurer further stated that the…
Max Bupa, Bank of Baroda tie up with Feeding India
Max Bupa Health Insurance and Bank of Baroda have joined their hands with Feeding India, a not-for-profit organization, to launch the ‘SwasthaNeev’, which is an initiative to cover various hunger…
LIC’s stake in Hindalco increased to 10.39%
Shares of Hindalco may remain in focus as Life Insurance Corporation of India (LIC) has increased its stake in the company. In a notice to bourses, Hindalco said LIC has…
IRDAI issues notice for not buying policies from fake website
With an aim of generating awareness, IRDAI has recently issued a notice for not buying insurance policies from this fake website: www.irdaionline.org. IRDAI also clarified in the same notice that…
Govt to increase vehicle reg charges massively
With an aim of discouraging petrol and diesel vehicles, phasing out old ones and promoting electric vehicles, the ministry of road transport has recently proposed in a draft notification to…