PhonePe launches pre-approved term life insurance
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
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…
Max Life Insurance Launches ‘Aarohan’ Initiative to Expand in Rural India
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…
India Post Payments Bank to help in financial inclusion
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,…
India Post looks to spun off life insurance business into separate unit
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…
Affordable insurance a must: IRDA chairman
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…
Micro-insurance trips on claims
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.