New Health Plan launched by Bajaj Allianz
A top-up health insurance plan “Extra Care Plus” has been launched by the Bajaj Allianz General Insurance, offering cover for pre-existing diseases and maternity expenses with a waiting period of…
No export opportunity to be lost for want of finance: ECGC
ECGC plans to invest around Rs 3,500 crores to provide a cushion for traders to strike deals and help ECGC write mega risks and provide adequate cover to exporters. The…
Birla Sun Life, Max Life exploring possibility of merger
Analjit Singh controlled Max Financial Services is in talks with Aditya Birla Group to explore possibility of merger of their life insurance businesses. If the merger takes place the new…
Two new general insurers get license to operate in India
Two new general insurers — Acko and Digit Insurance — have received the final approval from IRDAI to do non life insurance business in India. Acko General Insurance is a…
Publishing of Death Claims data / Death Claims paid ratios in “Insurance Advertisements”
It has been observed that insurers are following different methods to arrive at Death Claims paid data (i.e. Death Claims paid ratios), while publishing them in “Insurance Advertisements” [as defined…
Tough Regulations for foreign exchange trading by EU
New European Union regulations on foreign exchange trading turns out to be harder and more expensive to manage currency risk especially for large financial counter parties such as hedge funds…
Cyber Risk
In today’s technology-dependent world, companies with access to private and confidential information of third parties or those that operate web sites have a responsibility to keep the information and content…
The need for reforms in healthcare finance
The Centre and state governments are experimenting with several new and exciting ideas in healthcare reforms. What is missing, however, is a serious reform agenda for health financing. The last…
LIC asked to review return on Jeevan Akshay
The Insurance Regulatory and Development Authority of India (IRDAI) has asked the Life Insurance Corporation (LIC) to review the return on its flagship Jeevan Akshay pension plan which provides regular…
Standalone Insurance company by Centrum Group in near future
Centrum Group plans to set up a standalone insurance company over a span of next 3 to 5 years through both organic and inorganic routes. Separately, the group has won…