IT Editorial October 2024
As the global insurance landscape continues to evolve, 2024 has been a defining year, bringing innovative solutions to address risks, expand financial inclusion, and respond to climate change. The insurance…
As the global insurance landscape continues to evolve, 2024 has been a defining year, bringing innovative solutions to address risks, expand financial inclusion, and respond to climate change. The insurance…
As global attention increasingly shifts towards financial inclusion, insurance coverage for low-income populations, often referred to as the "bottom of the pyramid" (BoP), has become a central issue. Despite strides…
PhonePe, announced the launch of a ‘pre-approved term life insurance’ feature on its platform. The feature aims to make insurance coverage more accessible and affordable for millions of Indians by…
PhonePe Unveils Pre-Approved Term Life Insurance to Boost Financial Inclusion Key Points: PhonePe launches a pre-approved term life insurance feature. The new offering eliminates the need for income proof at…
Initiative Overview Max Life Insurance has announced the 'Aarohan' initiative to expand its distribution network by adding 75 new offices in Tier 3 and Tier 4 cities across India. The…
The Central Government has approved additional funding of Rs 635 crore for the India Post Payments Banks, taking the total outlay in the IPPB to Rs. 1435 crore. The IPPB,…
In order to increase financial inclusion, the Department of Posts is planning to build on its life insurance offerings that would be spun off as a separate unit. “We have two good…
Chairman of Insurance Regulatory Development Authority (IRDA) T S Vijayan has called for an apt focus on making affordable insurance cover available to people in the low…
Finance minister P Chidambaram’s Budget proposal to allow business correspondents to sell micro-insurance products in rural India is well-intentioned, as it would get more uninsured people on board.