The Ferozepur District Consumer Disputes Redressal Commission has directed Bajaj Allianz Life Insurance to pay ₹19.3 lakh plus 6 % annual interest to Dharminder Singh, nominee of a life-insurance policy…
Insurance companies owe farmers more than ₹5,400 crore in pending payouts under the Pradhan Mantri Fasal Bima Yojana (PMFBY), Union agriculture minister Shivraj Singh Chouhan informed the Lok Sabha. The…
Cities in India are besieged by a water crisis that cannot be pushed under the rug anymore. From bursting overhead tanks to aberrant supply schedules, inefficiencies in water management have…
Allianz Life Insurance Company of North America has disclosed a large-scale data breach that exposed sensitive personal information for almost all of its 1.4 million policyholders, financial professionals and employees…
In a significant consumer-protection move, the Insurance Regulatory and Development Authority of India (IRDAI) has directed all life, general and health insurers to appoint an Internal Ombudsman (IO) by 31…
The Appointments Committee of the Cabinet has cleared the appointment of senior bureaucrat Ajay Seth as Chairperson of the Insurance Regulatory and Development Authority of India (IRDAI) for a three-year…
Shriram Life Insurance has inked a strategic bancassurance pact with ESAF Small Finance Bank to make life-insurance products more accessible across India’s rural and semi-urban heartlands. Under the agreement, ESAF’s…
German insurer Allianz SE and Jio Financial Services Ltd (JFSL) announced they will create a locally incorporated reinsurer in India, sharing equity 50:50, under a memorandum and non‑binding term sheet signed in Mumbai. The partners…
The Life Insurance Corporation of India (LIC) has entered into a memorandum of understanding with the Department of Rural Development to accelerate the rollout of its Bima Sakhi Yojana, a…
[caption id="attachment_28715" align="alignleft" width="124"] Rajashree[/caption] Author’s Biography I am Rajashree, an experienced AML/KYC professional with a background spanning both the banking and insurance sectors. I hold a Fellowship from the Insurance…