Meet woman who once led Rs 59,800 crore govt firm, now works as…; daughter of India’s oldest billionaire – DNA India
The article features Ananya Birla, the daughter of Kumar Mangalam Birla, India's oldest billionaire. Ananya has taken an unconventional path in her career, despite being part of one of India's most influential business families. She was appointed as the chairperson of theStateChanged-owned firm, Swabhiman Anchal, which had a turnover of Rs 598,000 crore. However, she has now chosen to work as a full-time mental health advocate and entrepreneur. Ananya's journey began when she was appointed as...
Niva Bupa launches ‘Ab India Karega Rise’ to enhance health insurance accessibility for the middle class.
Niva Bupa, a health insurance brand, has launched a new digital campaign called "Ab India Karega Rise" to introduce its latest health insurance product, "Rise". The "Rise" plan is designed to bridge the gap between government health schemes and expensive private insurance plans, making quality healthcare more accessible and affordable for India's aspiring yet budget-conscious middle class. This demographic has long been ambitious and forward-looking, but rising healthcare costs have remained a...
Bajaj Group receives CCI approval to acquire 26% stake of Allianz in insurance joint ventures for Rs 24,180 crore.
The Competition Commission of India (CCI) has given approval for the Bajaj Group's acquisition of Allianz SE's 26% stake in their joint life and general insurance ventures, Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company. The deal, valued at Rs 24,180 crore, is the largest in the country's insurance sector. With this acquisition, the Bajaj Group's ownership in these companies will increase to 100% from 74%. The acquisition is being carried out by Bajaj Finserv,...
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HDFC Life has been ranked as the ‘Next Leader’ on the Indian Corporate Governance Scorecard for 2024.
HDFC Life, a leading life insurer in India, has been recognized as a 'Next Leader' in corporate governance by Institutional Investor Advisory Services (IiAS) as of December 31, 2024. This recognition is a testament to the company's commitment to transparency, accountability, and exemplary governance practices. HDFC Life has been featured on this prestigious list for the fourth consecutive year, which is based on the annual assessment of the BSE 100 companies using the Indian Corporate...
Women Prefer Term Insurance As Top Solution To Secure Their Child’s Future: Survey – Goodreturns
A recent survey conducted by Goodreturns has revealed that women in India prefer term insurance as the top solution to secure their child's future. The survey aimed to understand the financial priorities and preferences of women when it comes to planning for their children's future. The results show that term insurance has emerged as the most popular choice among women, followed by savings plans and mutual funds. The survey found that 71% of women respondents considered term insurance as the...
Niva Bupa Health Insurance Launches #WorldsMostResponsibleDad Campaign to Honour Fathers on Father’s Day
Niva Bupa Health Insurance Company Limited has launched a campaign called "#World'sMostResponsibleDad" to celebrate Father's Day and emphasize the importance of fathers securing their family's health and future. The campaign highlights that while fathers often prioritize their family's needs over their own, they tend to neglect their own health, with only 20% of fathers currently holding a health insurance policy. This data is a concern, as fathers' health is crucial in ensuring their family's...
Health cover beyond hospital care
The Indian healthcare landscape is undergoing a transformation, driven by medical advancements, growing awareness, and a shift towards preventive care. While corporate health insurance provides a critical safety net for millions of employees, its limitations are becoming increasingly evident. With healthcare costs expected to rise by 13% in 2025, individuals need to re-evaluate their health insurance coverage. The traditional corporate health insurance model, which focuses on hospitalization...
NIACL Apprentice Recruitment 2025: Registration starts for 500 vacancies, check details.
The New India Assurance Company Limited (NIACL) has commenced its online application process for recruiting 500 apprentices. Interested candidates can apply on the official website, newindia.co.in, until June 20, 2025. To be eligible, candidates must have a bachelor's degree in any field from a recognized university or hold equivalent qualifications, and must have graduated on or after April 1, 2021. The age limit for applicants is between 21 and 30 years old as of June 1, 2025. The selection...
Aditya Birla introduces the Super Term Plan, offering a combination of health services and flexible coverage options.
Bajaj Allianz introduces region-specific health insurance plans to cater to distinct state-wise requirements.
Bajaj Allianz General Insurance has launched a new health insurance policy that is customized to meet the unique healthcare needs of each state in India. The policy, called "State-wise Health Insurance Policy," takes into account the local hospital infrastructure, prevalent health concerns, and affordability levels of each state to provide comprehensive coverage that is both affordable and accessible. The policy is available in both individual and floater variants, with flexible sum insured...
Tata AIA has introduced two new fund offers (NFOs) aimed at capturing the potential of India’s growth narrative.
The Indian government's recent budget announcement has set the stage for a significant increase in disposable incomes, which is expected to drive consumption growth across various sectors. With the new tax regime, individuals with incomes up to ₹12.75 lakh will have zero tax liability, resulting in more spending power. This presents a unique investment opportunity, particularly in the consumption-driven growth story. Tata AIA Life Insurance has introduced two new funds, the Tata AIA Life Tax...
ED withdraws summons issued to Arvind Datar in Care Health ESOP investigation
According to a recent news report, advocate Datar, who has a history of representing the Securities and Exchange Board of India (SEBI) in high-profile cases, such as the Sahara fundraising matter, has made a statement to Enforcement Directorate (ED) officials. During an interaction, Datar is said to have informed the ED officials that lawyers cannot be summoned for investigations that involve their clients. This assertion is based on the principle of professional privilege, which is a...
Empowering global dreams with USD Plans by HDFC Life International – Companies
As the world celebrates Pravasi Bharatiya Divas, a day dedicated to honoring the contributions of Non-Resident Indians (NRIs), HDFC Life International is taking the opportunity to acknowledge the aspirations of both NRIs and Resident Indians with global ambitions. On this special occasion, Rahul Prasad, CEO of HDFC Life International and Re Company Limited, is highlighting the benefits of USD Plans designed specifically for individuals pursuing opportunities abroad. These USD Plans are...
CEO Siddhartha Mohanty of LIC says stake acquisition in health insurance company to be decided by March 31.
The Life Insurance Corporation of India (LIC), the country's largest insurer, is planning to expand its presence in the insurance market by acquiring a stake in a health insurance company. According to CEO Siddhartha Mohanty, a decision on the potential acquisition is expected to be made by the end of March, before the close of the current financial year. However, Mohanty clarified that LIC is not looking to acquire a majority stake, with a holding of 51% or more. The move into health...
HDFC Life has appointed Pushkar Wadhone as its new Vice President of Human Resources.
HDFC Life, a leading insurance company, has appointed Pushkar Wadhone as its new Vice President of Human Resources. Wadhone brings over a decade of experience in HR leadership across diverse industries, including logistics, healthcare, and life sciences. He is an alumnus of XLRI Jamshedpur, one of India's premier business schools, with a specialization in Human Resource Management. In his previous roles, Wadhone has worked with companies such as DP World, Mahindra Logistics, Thermo Fisher...
Policybazaar and HDFC Life have partnered to launch a product that comes with a 100% claim assurance.
Policybazaar, a leading online insurance marketplace, has partnered with HDFC Life, a private life insurer, to launch a new term insurance product called HDFC Life Click 2 Protect Ultimate. This innovative product offers 100% claim assurance, providing customers with a secure financial safety net and a hassle-free claims experience. The product is designed to address two key consumer concerns: ease of purchasing insurance and a smooth claims process. The HDFC Life Click 2 Protect Ultimate...
ED Withdraws Summons To Sr Adv Pratap Venugopal After Supreme Court Bar Body’s Protest – Live Law
The Enforcement Directorate (ED) has withdrawn its summons issued to Senior Advocate Pratap Venugopal after the Supreme Court Bar Association (SCBA) protested against the move. The ED had summoned Venugopal in connection with a money laundering case, but the SCBA termed the summons as an "attempt to intimidate and harass" the senior advocate. The SCBA had expressed its strong objection to the summons, stating that it was an "unwarranted and unjustified" action against a respected member of the...
Bond market receives a boost with the successful launch of its first forwards deal
In a significant development for India's bond market, Kotak Life Insurance and JP Morgan India successfully executed the country's first bond forwards on May 5, 2025. This milestone was made possible after the Reserve Bank of India (RBI) permitted bond forwards in government securities from May 1, 2025. The introduction of bond forwards is expected to enhance the country's bond market infrastructure and provide institutional players, such as insurance companies and mutual funds, with a more...
Aviva abandons international growth plans, focuses on expanding domestic presence
Amanda Blanc, the CEO of Aviva, has made notable comments that highlight a significant shift in the company's strategy. Unlike in the past, when Aviva expanded its operations globally, Blanc's approach is more focused on consolidation and streamlining. The company, formed in 2000 through the merger of Norwich Union and CGU, had previously amassed a substantial overseas portfolio across Europe, North America, and Asia. However, under Blanc's leadership, which began in 2020, Aviva has undergone...
HDFC Life and SATYA MicroCapital have partnered to increase life insurance penetration in rural areas.
Welcome to our platform, where we offer a range of opportunities for businesses to advertise and connect with their customers. Our team is here to support you in creating a tailored advertising campaign that meets your needs, whether that's in print or digital format. We can help you reach your target audience through our website and print magazine, ensuring that your message is seen by the right people. In addition to advertising, we also specialize in organizing events that bring industry...
ICICI Pru Edge results in a 37% increase in agent productivity.
ICICI Prudential Life Insurance has reported a significant increase in agent productivity thanks to its "Advisor Stack" platform, known as IPRU Edge. The platform has led to a 37% increase in productivity among agents in the first half of the fiscal year 2025. According to Srinivas Balasubramanian, Chief of Product and Marketing, IPRU Edge provides agents with powerful tools and features that enable them to focus on revenue-generating tasks rather than administrative activities. The results...
LIC reports 14.64% growth in new business premiums for 2024, with total collections amounting to Rs 2.33 lakh crore.
The Life Insurance Corporation of India (LIC) has reported a significant 14.64% year-on-year growth in new business premiums, collecting a total of Rs 2.33 lakh crore in the January-December period of 2024. This outpaces the overall insurance industry's growth rate of 14.41% and the private life insurers' growth rate of 14.55%. The data, released by the Life Insurance Council, shows that LIC's premium collections increased from Rs 2,03,303 crore in the same period in 2023 to Rs 2,33,073.36...
Edelweiss has increased the fees for Bharat Bond by 2,000%, with Radhika Gupta providing insight into the reasoning behind this significant hike.
Edelweiss Asset Management Company (AMC) has announced a significant hike in the total expense ratio (TER) cap for its Bharat Bond ETFs, from a near-zero 0.0001% to 1%. This represents a 2,000% increase, which may have far-reaching implications for investors. However, the AMC has clarified that the actual expense is expected to be only a few basis points, with a possible increase to 0.02% for the time being. The TER represents the annual cost of managing a fund, expressed as a percentage of...
Senate Republicans propose deeper Medicaid cuts, a move that could have significant implications for millions of low-income Americans who rely on the program for healthcare. The proposed cuts would reduce federal funding for Medicaid, potentially leading to reduced benefits, increased costs, and decreased access to healthcare services for vulnerable populations, including children, pregnant women, and people with disabilities.
Senate Republicans have proposed a new healthcare bill that includes deeper Medicaid cuts than previously suggested. The bill, which aims to replace the Affordable Care Act (ACA), would significantly reduce federal funding for Medicaid, a program that provides health insurance to low-income individuals, children, and people with disabilities. The proposed cuts would have far-reaching consequences for millions of Americans who rely on Medicaid for their healthcare needs. The bill would convert...
HDFC Life appoints Pritika Shah as Head of Marketing, as CMO Vishal Subharwal departs.
HDFC Life, a leading life insurance provider in India, has announced the elevation of Pritika Shah to the position of Executive Vice President and Head of Marketing and Corporate Social Responsibility (CSR). Shah, who has been with the company for nearly 12 years, will oversee the development and implementation of marketing strategies, brand initiatives, and CSR programs. This move comes after the departure of Vishal Subharwal, who served as the Chief Marketing Officer (CMO) and Group Head at...
RenewBuy has partnered with LIC and ICICI Prudential to launch a term plan specifically designed for working professionals and small business owners, catering to their unique financial security needs.
RenewBuy, an insurance company, has launched a new term plan called Smart Term in partnership with leading insurers LIC and ICICI Prudential. The plan is designed to address the common pain points of term insurance, such as complexity, affordability, and lack of customization options. The Smart Term plan is tailored for working professionals and small business owners, particularly those living in Tier 2-3 cities, who are often deterred by the complexities of traditional term insurance plans....
LIC to fast-track insurance claims for victims of Air India AI-171 crash
The Life Insurance Corporation of India (LIC) has announced immediate measures to support the families of the victims of the Air India Flight AI-171 crash in Ahmedabad. The insurer expressed deep sorrow over the loss of lives and assured that it would expedite claim settlements to provide financial relief to the affected families. LIC has introduced several special concessions to ease the claim process, including accepting evidence from government records or compensation paid by authorities as...
HDFC Life Receives ICAI Award for Excellence in Financial Reporting for 2023-24
HDFC Life, a leading life insurer in India, has been awarded the Silver Shield in Category-III for Life Insurance at the ICAI Awards for Excellence in Financial Reporting 2023-24. The prestigious award was presented by Honourable Union Minister of State Shri Arjun Ram Meghwal at a ceremony held in New Delhi. The ICAI Awards, organized by the Institute of Chartered Accountants of India since 1958, recognize companies that demonstrate outstanding financial reporting standards. The award is a...
Aditya Birla Sun Life Insurance Introduces Super Term Plan to Increase Life Coverage
Aditya Birla Sun Life Insurance Company Limited (ABSLI) has launched the ABSLI Super Term Plan, a comprehensive pure protection term insurance plan that provides goal-linked financial protection and built-in health management services. The plan is designed to support the overall well-being of policyholders and offers flexibility in coverage options. Policyholders can choose from three tailored coverage options: Level Cover, Increasing Cover, and Level Cover with Return of Premium. The Level...
All You Need to Know
When purchasing a new bike, it's essential to understand the legal requirements for keeping it roadworthy and compliant with environmental pollution regulation standards. One of the necessary documents required to ride legally on the road is the Pollution Under Control (PUC) certificate. In this article, we will discuss the validity of the PUC certificate for new bikes. The PUC certificate is issued by authorized emission testing centers across India after the two-wheeler's exhaust gas is...
Former SBI Managing Director Dinesh Kumar Khara-headed FSIB has picked R Ravi Kumar and Dinesh Pant as its new members apart from reappointing the current employees then after selected M R Kumar was chief then TC Suseel kumar and atlast R Doraiswamy to take over as the Managing Director and Chief Executive Officer of LIC of India
The Financial Services Institutions Bureau (FSIB) has recommended R Doraiswamy, a seasoned executive with over 38 years of experience at the Life Insurance Corporation of India (LIC), for the post of Managing Director (MD) and Chief Executive Officer (CEO) of the company. The recommendation is significant as LIC is India's largest life insurance company, with assets under management (AUM) of over ₹45 lakh crore. The final decision now rests with the Appointments Committee of the Cabinet, which...
Aditya Birla Capital is now live on the Open Network for Digital Commerce (ONDC) across all three of its core financial services.
Aditya Birla Capital, a leading non-banking finance company (NBFC), has successfully integrated its core financial services on the Open Network for Digital Commerce (ONDC) platform. This milestone achievement enables the company to offer its services, including lending, insurance, and mutual fund investments, to customers through various live buyer apps on the ONDC network. As a result, customers can now access these services without the need to download or access multiple apps on their...
LIC of India has been awarded the ISO 22301:2019 Business Continuity Management System certification by the British Standards Institution.
The Life Insurance Corporation of India (LIC) has achieved a significant milestone by receiving the ISO 22301:2019 Business Continuity Management System (BCMS) certification from the British Standards Institution (BSI). This certification is a testament to LIC's commitment to maintaining its operations and services during disruptions, ensuring minimal impact on its customers, employees, and stakeholders. The ISO 22301:2019 standard is an international benchmark for business continuity...
Aditya Birla Capital has become the first player in the banking, financial services, and insurance (BFSI) sector to integrate its lending, insurance, and investment services with the Open Network for Digital Commerce (ONDC).
Aditya Birla Capital has become the first financial services company to integrate lending, insurance, and investments on the Open Network for Digital Commerce (ONDC). ONDC is a government initiative aimed at creating an open and interoperable e-commerce network, promoting inclusivity, competition, and accessibility in digital commerce. By integrating its core services, Aditya Birla Capital aims to simplify access to financial products and enhance the user experience. As a Wave-1 participant,...
Overloading Cannot Be Considered A Fundamental Breach Of Insurance Policy, NCDRC Rules In Favour Of Insured, Orders Bharti Axa To Pay Partial Amount
The National Consumer Disputes Redressal Commission (NCDRC) has ruled in favor of a complainant, K. Subbulakshmi, in a case against Bharti Axa General Insurance Company. The complainant's Eicher Van was insured with the company, but when the vehicle was involved in an accident, the insurance company repudiated the claim due to overloading. The company claimed that the vehicle was carrying 11.2 tonnes of load, exceeding the permitted capacity of 9.2 tonnes. The complainant filed a consumer...
SEBI Introduces A Novel Investment Category Merging Mutual Funds And Portfolio Management Services (PMS)
Edelweiss Asset Management (Edelweiss AMC) has launched a dedicated platform for Specialized Investment Funds (SIFs) called 'altiva SIF'. This move is a strategic early entry into a fast-evolving investment space, as sanctioned by the Securities and Exchange Board of India (SEBI). SIFs are a new asset class that aims to fill the gap between traditional Mutual Funds (MFs) and Portfolio Management Services/Alternative Investment Funds (PMS/AIFs). They offer investors a middle-ground solution,...
HDFC Life has been recognized as the ‘Next Leader’ on the Indian Corporate Governance Scorecard for 2024.
HDFC Life, a leading life insurance company in India, has been recognized as a 'Next Leader' in the Indian Corporate Governance assessment conducted by Institutional Investor Advisory Services (IiAS) as of December 31, 2024. This recognition is a testament to the company's commitment to transparency, accountability, and exemplary governance practices. HDFC Life has been featured in this prestigious list for the fourth consecutive year, which is based on the annual assessment of the BSE 100...
A fake call centre has been busted in Noida, with 4 individuals being taken into custody for allegedly operating an insurance fraud scheme.
A call center operating in Sector 11, Noida, has been busted by the police for running a large-scale insurance fraud scheme. Four individuals, including a woman, were arrested in connection with the scam, which targeted victims across Maharashtra, Gujarat, and Tamil Nadu. The accused, who were running the operation for two months, would impersonate insurance company representatives and ombudsman officials to deceive policyholders into transferring funds. The victims, who were misled into...
Major fire destroys Bajaj Allianz office
A devastating fire broke out at the Bajaj Allianz office in Siwan city, located near Hotel Prakash at Babunia Mor, early on Friday morning. The fire, which is believed to have been caused by a short circuit, resulted in extensive damage to the property and valuables. Fortunately, no casualties were reported in the incident, as the office was closed at the time. The fire quickly spread throughout the office, engulfing documents, computers, furniture, and other assets, reducing them to ashes...
Niva Bupa Health Insurance marks Father’s Day with the #WorldsMostResponsibleDad campaign
Niva Bupa Health Insurance Company Limited has launched a campaign called #World'sMostResponsibleDad to celebrate Father's Day and emphasize the importance of health insurance for fathers. The campaign highlights the sacrifices that fathers make for their families and encourages them to prioritize their own health and well-being. According to a consumer survey conducted by Niva Bupa, only 20% of fathers currently hold a health insurance policy, despite being the primary providers and...
New Term Insurance From Policybazaar, HDFC Life
Policybazaar has announced a partnership with HDFC Life to introduce a new term insurance plan called HDFC Life Click 2 Protect Ultimate. This plan guarantees 100% claim assurance, addressing a major concern for consumers who often worry about the hassle and uncertainty of claim settlements. The plan is designed to provide financial security with a seamless claims process, making it an attractive option for those seeking reliable insurance coverage. One of the key features of the plan is the...
Aditya Birla Sun Life Insurance has partnered with Equitas Small Finance Bank to increase access to life insurance products.
Aditya Birla Sun Life Insurance Company Limited (ABSLI) has partnered with Equitas Small Finance Bank to offer a range of life insurance products to the bank's customers. This collaboration aims to increase financial protection and inclusion by making insurance solutions more accessible to Equitas customers. Through this partnership, Equitas customers will have direct access to ABSLI's comprehensive portfolio, including protection plans, savings plans, retirement solutions, endowments, and...
LIC, Bajaj Allianz expedite claim settlement for Air India plane crash victims
In response to the recent Air India plane crash in Ahmedabad, two major life insurance companies, Life Insurance Corporation (LIC) and Bajaj Allianz Life Insurance, have announced measures to expedite the claim settlement process for the victims' families. Recognizing the immense hardship faced by the families of the deceased, the companies have relaxed their documentation requirements and established special processes to facilitate timely claim settlements. LIC has introduced a concession in...
Which Insurance Company Has the Highest Claim Approval Rate? Find Out the Best Performers in This Report
When purchasing insurance, individuals trust that their insurance companies will provide financial support in times of need. However, a recent report by the Insurance Brokers Association of India (IBAI) revealed that the claim-to-settlement ratio in India dropped from 87% in FY22 to 86% in FY23. This means that out of all the claims filed, 86% were successfully settled, while 14% were rejected. The report compiled data from insurance providers to help individuals make informed decisions when...
Life Insurance Corporation has appointed a new Chief Information Officer.
The Life Insurance Corporation (LIC) of India has announced the appointment of Mr. Ramakrishnan Chander as its new Chief Investment Officer (CIO). This appointment was reported by the Business Standard, a leading Indian business newspaper. Mr. Chander will serve in this position until his superannuation, which is scheduled to take place on September 30, 2027. Mr. Chander is a veteran employee of LIC, having joined the organization in 1990 as an Assistant Administrative Officer. Over the years,...
Insurance companies are leveraging Artificial Intelligence (AI) to streamline hospital discharge and settlement processes, aiming to reduce the time and costs associated with these procedures. By implementing AI-powered systems, insurers can automate tasks, enhance data analysis, and improve communication with hospitals and policyholders. This can lead to faster and more efficient settlement of claims, reduced administrative burdens, and enhanced customer satisfaction. AI-driven solutions can also help identify potential issues and areas of inefficiency, enabling insurers to proactively address them and further optimize the discharge and settlement process.
Last month, Sampat Jain's family experienced a health scare when his sodium levels dropped, and he was hospitalized at Apollo Hospitals in Kolkata. Although he was ready to be discharged by 8:30 a.m., the process took nearly 12 hours to complete due to the lengthy discharge formalities and paperwork. This scenario is not uncommon in India, where manual procedures for claims assessment and settlement can be time-consuming. However, insurance companies are now leveraging artificial intelligence...
LIC rejects Telangana government’s plea regarding Rythu Bima
The Life Insurance Corporation (LIC) and the state government of Hyderabad are in a dispute over the payment of insurance premiums for the Rythu Bima scheme, a life insurance program for farmers. The scheme provides a life insurance cover of Rs 5 lakh to 45 lakh farmers, and the state government is responsible for paying the premium. However, due to financial constraints, the government has requested LIC to allow payment in installments, which the insurance company has rejected. The LIC has...
Bank of India has formed a strategic partnership with New India Assurance to drive insurance growth.
On March 24, 2025, Bank of India, a leading public sector bank, and New India Assurance Co. Ltd. (NIACL), India's premier insurance company, formed a strategic partnership. The partnership aims to provide a wide range of general insurance products to Bank of India's customers. With this collaboration, customers will have access to various insurance solutions, including health, motor, personal accident, home, and commercial insurance products offered by NIACL. According to Shri Rajneesh...
Bajaj Allianz Life Insurance achieves 99.29% claim settlement rate in FY 2024-25.
Bajaj Allianz Life Insurance has achieved a milestone in its claim settlement process, with a 99.29% individual death claim settlement ratio in the fiscal year 2024-2025. The company settled 13,994 individual life insurance claims, disbursing a total of Rs 862.79 crores in claim payouts. This impressive feat demonstrates the company's commitment to its customers and its ability to deliver on its promises. The company's claim settlement process has been streamlined, with 96% of eligible...
FSIB recommends R Doraiswamy as MD and CEO of LIC
The Financial Services Institutions Bureau (FSIB) has recommended R. Doraiswamy, the current Managing Director of Life Insurance Corporation of India (LIC), for the position of Chief Executive Officer and Managing Director (CEO & MD) at LIC. This recommendation was made after FSIB interviewed four candidates from LIC on June 11, 2025, for the top position. According to FSIB, Doraiswamy's performance during the interview, his overall experience, and the existing parameters made him the ideal...
Research And Views Archives | Equitymaster
The article from Equitymaster provides an overview of various mutual fund options in India. The platform offers a range of research and views on different types of mutual funds, allowing investors to customize their results based on their preferences. One of the articles highlighted is about the top 5 Nasdaq mutual funds in India, published on June 2, 2025. These funds offer geographical diversification, allowing investors to tap into the US market. The article provides a list of the top 5...
Life Insurance Corporation of India (LIC) has achieved a Guinness World Record for the ‘most life insurance policies sold in 24 hours’.
The Life Insurance Corporation of India (LIC) has achieved a Guinness World Record for selling the most life insurance policies in 24 hours. On January 20, 2025, the corporation's agents sold a record 5,88,107 life insurance policies across India. This feat was verified by Guinness World Records (GWR) and recognized the outstanding performance of LIC's dedicated agency network. The record-breaking sales were part of an initiative called "Mad Million Day" where agents were encouraged to...
Healthcare providers are considering the potential effects of MinnesotaCare eliminating coverage for adult undocumented immigrants.
In Minnesota, a significant change is set to take place in January 2026, as undocumented adult immigrants will no longer be eligible for state healthcare. This decision was made by lawmakers who voted to amend the policy, allowing only children to remain covered. The motivation behind this change, according to Republicans, is to reduce spending and prioritize the needs of Minnesota residents. However, Democrats strongly disagree, arguing that this move will ultimately lead to increased costs...
₹1.06 Lakh Crore Premium Collected By Public Sector Insurance Firms, FM Sitharaman Reviews Premium Collections
The total premium collected by public sector general insurance companies (PSGICs) has increased significantly, rising from around Rs 80,000 crore in FY19 to nearly Rs 1.06 lakh crore in FY25. The overall general insurance industry has also reported growth, with total premium collections reaching Rs 3.07 lakh crore in FY2024-25. This growth was reviewed by Finance Minister Nirmala Sitharaman in a meeting with PSGICs, where she discussed key performance indicators such as premium collections,...
Q4 results today: Infosys, Tata Elxsi, HDFC Life, HDFC AMC and others to declare earnings on April 17
The earnings season has begun on Dalal Street, with several companies announcing their financial results for the quarter and year ended March 31, 2025. On April 17, 13 companies, including tech major Infosys, are set to declare their earnings. Infosys, India's second-largest IT company, is expected to report muted earnings and a sequential fall in revenue for the quarter due to seasonal weakness in demand and margin pressure. According to JM Financial, Infosys is estimated to record a net...
Star Health names Rajeev Kher as Chairperson of the Board
Star Health and Allied Insurance Company Ltd, a leading standalone health insurance provider, has made a significant announcement regarding the appointment of a new Chairperson to its Board of Directors. At a Board meeting held on April 29, 2025, Rajeev Kher, an Independent Director, was appointed to this key position. This appointment is pending regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI). Rajeev Kher brings a wealth of experience and expertise...
J&K Bank facilitates swift settlement of insurance claims worth
Jammu and Kashmir Bank has demonstrated its commitment to customer welfare by facilitating the swift settlement of MetLoan & Life Suraksha (MLLS) insurance claims for the bereaved families of its deceased borrowers in the Baramulla Zone. A total amount of Rs 2.09 Crores has been disbursed to 57 families, bringing much-needed financial relief during difficult times. The settlement was made possible through the bank's partnership with PNB MetLife, and a symbolic cheque representing the total...
March 3 – March 9, 2025
The Karnataka High Court has made several significant rulings in recent cases. In the case of Bhagavant Alagur vs. State of Karnataka, the court directed the state government to implement a satellite-based imagery system to monitor changes to river banks and sand bars, in order to prevent indiscriminate river sand mining that affects drinking water supply. The court also dismissed two public interest litigations seeking an enquiry into the Public Works Department and Karnataka Rural...
Life Insurance Corporation (LIC) plans to acquire a stake in a health insurance firm by March 31, according to CEO Mohanty.
The Life Insurance Corporation of India (LIC) is planning to acquire a stake in a standalone health insurance company by the end of the current financial year, according to its Managing Director and CEO, Siddhartha Mohanty. The company is in the final stages of discussions, but the name of the potential investee has not been disclosed. Mohanty stated that entering the health insurance sector is a natural choice for LIC, given the growing demand for health insurance products in India. LIC is...
NIACL Assistant Mains admit card 2025 out; exam to be held in March
The New India Assurance Company Limited (NIACL) has announced the release of the Assistant Phase II online examination admit card for the year 2024. Candidates who are eligible to take the exam can download their hall tickets from the official website, newindia.co.in. The main examination is scheduled to take place on March 2 and will last for two hours. The exam will consist of 200 questions, worth 250 marks, and will have a penalty of 1/4th of the marks assigned to each question for...
IFFCO becomes first Co-operative to host AGM in Bharat Mandapam
The Indian Farmers Fertiliser Cooperative Limited (IFFCO) is set to make history by hosting its 54th Annual General Meeting (AGM) at the prestigious Bharat Mandapam, Pragati Maidan, New Delhi on May 29, 2025. This marks the first time a cooperative has held its AGM at this iconic venue, reflecting the growing strength and visibility of rural India and the cooperative movement. The event is expected to draw around 1,500 delegates from across the country, including over 1,000 elected...
Royal Sundaram appoints industry veteran Vedanarayanan Seshadri as Managing Director
Royal Sundaram General Insurance Co. Limited has announced the appointment of Vedanarayanan Seshadri as its new Managing Director, effective from May 28, 2025. Seshadri brings over 30 years of experience in the BFSI sector, with 15 years of senior leadership experience in the insurance domain. He has a strong background in insurance distribution, growth strategies, and leveraging digital transformation to enhance customer experiences. Seshadri expressed his honor and commitment to leading...
ICICI Prudential Life disburses ₹900 crore in loans.
ICICI Prudential Life Insurance has reported a significant increase in loan disbursals against traditional policies, with over ₹900 crore disbursed to 42,700 customers in the fiscal year 2024-25. This represents a 60% year-on-year increase, indicating a growing adoption of the loan against policy feature among customers. The loan feature allows policyholders to access up to 80% of the policy's surrender value, providing liquidity to meet unexpected financial obligations without interrupting...
Royal Sundaram has appointed Vedanarayanan Seshadri as its new Managing Director.
Royal Sundaram General Insurance Company Limited has announced the appointment of Vedanarayanan Seshadri as its new Managing Director. Seshadri takes over the reins from M. S. Sreedhar, who has completed his tenure as the MD and CEO of the company. Vedanarayanan Seshadri has over two decades of experience in the insurance industry and has held various leadership positions in his previous roles. Prior to joining Royal Sundaram, he was the Chief Distribution Officer at Tata AIG General Insurance...
Niva Bupa introduces ‘Rise’ to cater to India’s Missing Middle demographic.
Niva Bupa Health Insurance Company Limited has launched a new health insurance plan called "Rise" to provide affordable and accessible healthcare to India's "Missing Middle" population. This segment, comprising around 40 crore Indians, earns too much to qualify for government-sponsored health schemes but too little to afford premium private health insurance. The plan is designed to bridge the gap of inadequate coverage for this segment, which is vulnerable to financial burdens during medical...
Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Choti SIP, a fully online service.
Aditya Birla Sun Life AMC Limited (ABSLAMC) has introduced a new initiative called Aditya Birla Sun Life Choti SIP, effective March 5, 2025. This innovative plan allows investors to participate in a Systematic Investment Plan (SIP) with a minimum investment of just Rs. 250. The Choti SIP is available for all schemes of the fund, except Debt, Sectoral & Thematic, Small & Midcap Funds, and can be invested in exclusively under the Growth option. To be eligible for Choti SIP, investors must commit...
Tata AIA Life introduces a new goal-based insurance policy specifically designed to help parents plan and save for their children’s wedding expenses.
Tata AIA Life Insurance has introduced a new life insurance product called "Shubh Muhurat" designed to help families save for their children's weddings. This hybrid product offers a unique combination of capital guarantee through debt exposure and wealth creation through equity exposure, providing a safeguard against wedding-related expenses. The plan is tailored for parents with children between the ages of 1 and 20, aiming to alleviate financial concerns associated with one of the most...
ICICI Lombard has acquired the branding rights for the Siddhivinayak Metro Station.
ICICI Lombard, a leading insurance company, has acquired the branding rights for the Siddhivinayak Metro Station on Mumbai Metro Line 3 (Aqua line). The station, located in the heart of Mumbai, near the famous Shri Siddhivinayak Temple, will now be known as the ICICI Lombard Siddhivinayak Metro Station. This branding initiative is a significant milestone for the company, aimed at increasing its visibility and building a deeper connection with the people of Mumbai. The station has been...
Millions of people would lose their healthcare coverage under the Obamacare repeal bill proposed by the Trump administration.
The Republican policy bill, which passed the House last month, would have significant consequences for Obamacare enrollees. According to the Congressional Budget Office (CBO), the bill's proposals would lead to approximately four million people losing health coverage over the next decade. The bill's changes are largely technical, including reductions to enrollment periods, adjustments to formulas, and additional paperwork requirements. However, collectively, they would make coverage more...
ICICI Prudential Life has disbursed over ₹900 crore as loans against traditional policies in the fiscal year 2025.
ICICI Prudential Life Insurance has reported a significant increase in loans disbursed against traditional insurance policies, with over ₹900 crore in loans given out during FY2025. This facility allows customers to borrow up to 80% of their policy's surrender value, providing them with urgent funds without disrupting their life cover or long-term savings. The company has seen a 60% year-on-year increase in loan disbursals, indicating growing customer awareness and utilization of this feature....
Star Health has elevated its Chief Marketing Officer, Himanshu Walia, to the position of Whole-time Director.
Star Health and Allied Insurance Company, a leading insurance provider, has announced the elevation of two key executives to Whole-time Director positions. Himanshu Walia, the company's Chief Marketing Officer, and Amitabh Jain, the Chief Operating Officer, have been designated as Key Managerial Personnel. The appointments are subject to approval by the Insurance Regulatory and Development Authority of India (IRDAI) and will take effect on the date of approval. Himanshu Walia, with over 22...
Protecting Rhode Islanders’ health coverage begins with the passage of the affordability act.
Rhode Island has made significant progress in expanding access to healthcare, with over 97% of its residents having insurance coverage. However, proposed cuts in Congress' reconciliation bill threaten to undermine this progress, particularly the enhanced premium tax credits under the Affordable Care Act, which will expire at the end of 2025. These tax credits provide critical financial assistance to low- and middle-income families, allowing them to afford private insurance. The expiration of...
Aviva partners with CyberCube to enhance cyber exposure management capabilities.
CyberCube, a leading provider of cyber risk analytics, has partnered with US insurer Aviva to leverage artificial intelligence (AI) for cyber threat actor intelligence. The partnership will enable Aviva to use CyberCube's "Portfolio Threat Actor Intelligence" service and suite of cyber analytics software to strengthen its cyber exposure management strategy. By utilizing AI, particularly large language models (LLMs), Aviva will be able to analyze extensive digital forensics data and data leaks...
The New India Co-operative Bank Crisis and DICGC’s RoleThe New India Co-operative Bank, which is based in Mumbai, was on the verge of collapse due to mismanagement and fraud. The bank had a significant presence in the state of Maharashtra, with numerous branches and a large customer base. However, in 2018, it was discovered that the bank’s management had been involved in large-scale irregularities, leading to a substantial loss of funds.As a result, the Reserve Bank of India (RBI) had to step in and take control of the bank to prevent its collapse. The RBI also asked the Deposit Insurance and Credit Guarantee Corporation (DICGC) to provide insurance coverage to the bank’s depositors.DICGC, which is a subsidiary of the RBI, provides deposit insurance to protect depositors in case of bank failures. The corporation ensures that depositors receive their insured deposits up to a certain amount, even if the bank fails. In the case of the New India Co-operative Bank, DICGC played a crucial role in providing insurance coverage to the depositors.The failure of the New India Co-operative Bank highlighted the importance of regulatory oversight and the need for effective deposit insurance coverage. It also underscored the significance of DICGC’s role in maintaining financial stability and protecting depositors’ interests.
The New India Co-operative Bank in Mumbai is facing a financial crisis due to allegations of a Rs 122 crore fraud, prompting the Reserve Bank of India (RBI) to impose strict restrictions on the bank's operations. The restrictions include a ban on granting new loans, renewing existing advances, and accepting new deposits, as well as a six-month moratorium on deposit withdrawals from February 13, 2025. However, the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the...
Tata Digital CEO Naveen Tahilyani Resigns
The Tata Group's digital venture, Tata Digital, is facing a significant leadership crisis with the departure of its Managing Director and CEO, Naveen Tahilyani. This marks the second CEO exit in just over a year, highlighting the company's struggles to stabilize its operations and execute its vision for its super-app platform, Tata Neu. Tahilyani, a Tata Group veteran, took over the reins in February 2024 but has now stepped down to take on a broader international role with Prudential Plc....
LIC Sets Guinness World Record With 5.88 Lakh Policies Sold In One Day
The Life Insurance Corporation of India (LIC), a public sector insurance firm with a market capitalization of over Rs 5.4 lakh crore, has achieved a remarkable feat by earning a Guinness World Record title for the most life insurance policies sold in 24 hours. On January 20, 2025, a total of 452,839 agents of LIC successfully issued an astonishing 588,107 life insurance policies across India, setting a new global benchmark for agent productivity in the life insurance industry. This achievement...
Mumbai man triumphs over insurance firm after 8-year battle, receives ₹16.5-lakh claim
A 49-year-old Mumbai man, Chetan Tolia, has finally received ₹16.5 lakh in insurance compensation eight years after a road accident left him blind in one eye. The accident occurred in Hyderabad in 2017, and Tolia underwent multiple surgeries, including a failed corneal graft and treatment for retinal detachment. Despite his vision in his left eye being declared permanently and irreversibly lost, the insurer, The New India Assurance Company Limited, initially paid him only ₹4.5 lakh, citing a...
LIC India’s consolidated net sales for March 2025 stood at Rs 243,134.49 crore, marking a 1.85% year-on-year increase.
The latest financial reports indicate a strong performance by India's public sector units (PSUs), with several companies recording robust profit growth. LIC India, the country's largest insurer, has reported a consolidated net sales of Rs 243,134.49 crore for the quarter ended March 2025, representing a 1.85% year-over-year (Y-o-Y) increase. Notably, LIC India has emerged as the most profitable government company in India, surpassing other major PSUs such as State Bank of India (SBI), Steel...
Edelweiss Launches Zurich to Seattle Flight Service
On June 2, 2025, Edelweiss, Switzerland's premier leisure airline, celebrated the launch of its inaugural flight from Zurich to Seattle, marking a significant expansion of its transatlantic offerings. The launch event, held at Zurich Airport, featured a ribbon-cutting ceremony attended by Edelweiss CEO Bernd Bauer, Chief Commercial Officer Patrick Heymann, and other dignitaries. This new route connects Switzerland to the vibrant US Pacific Northwest, with Seattle becoming the airline's fourth...
Aviva Issues Fire Risk Warning Due to Rising Claims
The UK has experienced its sunniest spring on record, with over 630 hours of sunshine between March 1 and May 27. However, this warm weather has also led to an increase in garden fire claims, according to insurance giant Aviva. The insurer reported that the average fire claim involving a garden in the UK amounts to nearly £16,000. The rise in fire claims is attributed in part to the increased use of barbecues and bonfires in gardens during the warmer weather. Aviva has warned that lightning...
Santa Clara County has taken over a managed health care program.
Santa Clara County leaders are seeking to reduce the financial burden of supporting the county's public hospital system by streamlining the management of Medi-Cal reimbursements. The county has established a plan to consolidate the management of Medi-Cal, a program for low-income families, foster youth, disabled people, and older adults, under a single-plan model. This move aims to improve reimbursement rates, eliminate inefficiencies, and reduce duplicative costs. As part of this plan, the...
House Republican Health Agenda Cuts Coverage, Raises People’s Costs – Center on Budget and Policy Priorities
The Center on Budget and Policy Priorities has analyzed the House Republican health agenda and concluded that it would cut health coverage and raise costs for millions of Americans. The agenda, which includes several bills and proposals, would repeal and replace the Affordable Care Act (ACA), also known as Obamacare, with a system that would leave many people without access to affordable health insurance. One of the main components of the agenda is the American Health Care Act (AHCA), which...
Bajaj Allianz Life introduces comprehensive policy for women
Bajaj Allianz Life has introduced a comprehensive insurance policy specifically designed for women, addressing their unique needs and concerns. The all-in-one policy provides a range of benefits, including life insurance, health insurance, and savings, to cater to the diverse requirements of women at various stages of their lives. This innovative policy acknowledges the distinct financial challenges and responsibilities that women face, such as managing family expenses, saving for their...
Bajaj Allianz Life declares Rs 1,833 crore bonus for policyholders of FY25
Bajaj Allianz Life Insurance has announced a significant annual bonus of Rs 1,833 crore for the financial year 2024-25, marking a 32% increase from the previous year's bonus of Rs 1,383 crore. This bonus will benefit over 1.17 million policyholders who hold traditional participating policies that were active as of March 31, 2025. The bonus is sourced from the insurer's participating fund and will be disbursed upon policy maturity or exit, as per the terms of the policies. In addition to the...
Aviva Issues Fire Risk Warning Due to Rise in Claims
The UK has experienced its sunniest spring on record, with 630 hours of sunshine recorded between March 1 and May 27, according to the Met Office. However, this warm weather has led to an increase in garden fire claims, with Aviva reporting that April and May saw the highest number of claims this year. The average cost of a garden fire claim is nearly £16,000. The rise in fire claims is partly attributed to the increase in people enjoying barbecues and bonfires in their gardens during the...
India’s Mother’s Day 2025 brand campaigns feature notable contributions from Kotak Life, Blue Tribe Foods, Wondrlab, Mahindra Tractors, Morepen, and BML Lead.
In celebration of mothers in 2025, several Indian companies launched campaigns that showcased the strength, wisdom, and legacy of mothers. Kotak Life Insurance, in partnership with Wondrlab, created a film titled "Ma Ki Di Hui Viraasat" that highlighted the unspoken lessons and values that mothers pass down to their children. The campaign aimed to reflect the values that are passed from one generation to the next, and the creators described it as a nostalgic process that reconnected them with...
Best LIC Policy in 2025: Jeevan Anand Offers ₹30 Lakh with Daily Investment of ₹200
The Life Insurance Corporation of India (LIC) offers a popular investment scheme called "Jeevan Anand Policy" that provides a safe and profitable way to collect funds worth lakhs of rupees with a daily deposit of just ₹200. This policy is a term maturity plan, where the policyholder pays a premium for a specified period, such as 30 years, and receives a lump sum amount at the end of the term. With a daily premium of ₹200, policyholders can collect a fund of approximately ₹30 lakhs over a...
ICICI Prudential Life has achieved the highest claim settlement ratio of 99.04% in the second quarter of the fiscal year 2025. Here’s how other insurance companies rank in terms of claim settlement ratio:* ICICI Prudential Life: 99.04% * [Insert other insurers’ ratios] Note: The claim settlement ratio is a key metric that indicates the percentage of death claims settled by an insurer out of the total claims received. A higher ratio suggests a better track record of settling claims.
ICICI Prudential Life Insurance has achieved a claim settlement ratio of 99.04% for the July-September quarter of FY2025, the highest among all life insurance companies in the country. The company settled claims worth Rs 451.05 crore during this period, with an average claim settlement turnaround time of just 1.2 days. According to Amish Banker, Chief Operations Officer, the company handles every claim with utmost sensitivity, considering it the ultimate moment of truth. The company's 'Claim...
LIC Bima Sakhi Yojana launched with concept of ‘Har Ghar Insurance’: Goa CM Sawant
The Life Insurance Corporation of India (LIC) has launched a new initiative called 'Bima Sakhi Yojana' with the concept of 'Har Ghar Insurance', aiming to provide insurance coverage to every household in the country. The scheme was launched by Goa Chief Minister Pramod Sawant in the presence of top officials from LIC. The Bima Sakhi Yojana is a unique initiative that aims to utilize the services of self-help groups (SHGs) and women from rural areas to sell life insurance policies. The scheme...
LIC CEO Mohanty stated that the firm will finalize acquiring a significant stake in a health insurance company by March 31.
The Life Insurance Corporation of India (LIC) is planning to reveal details of its latest acquisition by the end of the current fiscal year, according to MD and CEO Siddhartha Mohanty. The state-owned insurance company is in the final stages of acquiring a major stake in a standalone health insurance company, with the goal of finalizing the deal by March 31. While Mohanty did not disclose the name of the target company, he confirmed that the process is nearing completion and that the...
HDFC Life has been ranked as the ‘Next Leader’ on the Indian Corporate Governance Scorecard for 2024.
HDFC Life, a leading life insurer in India, has been recognized as a 'Next Leader' in the Indian Corporate Governance assessment conducted by Institutional Investor Advisory Services (IiAS) as of December 31, 2024. This recognition is a testament to the company's commitment to transparency, accountability, and exemplary governance practices. HDFC Life has been featured on this prestigious list for the fourth consecutive year, which is based on the annual assessment of the BSE 100 companies...
The Reserve Bank of India (RBI) has lifted the restrictions imposed on ECL Finance and Edelweiss Asset Reconstruction Company (ARC).
The Reserve Bank of India (RBI) has lifted the business restrictions it had imposed on ECL Finance Ltd. and Edelweiss Asset Reconstruction Company Ltd., two entities belonging to the Edelweiss Group, with immediate effect. The restrictions were put in place on May 29, 2024, due to supervisory concerns. ECL Finance Ltd. was restricted from undertaking any structured transactions in respect of its wholesale exposures, while Edelweiss Asset Reconstruction Company Ltd. was prohibited from...
HHS Office for Civil Rights Resolves HIPAA Security Rule Inquiry with Florida-Based Healthcare Entity via Settlement – HHS.gov
The U.S. Department of Health and Human Services' (HHS) Office for Civil Rights (OCR) has recently settled a Health Insurance Portability and Accountability Act (HIPAA) Security Rule investigation with a Florida-based healthcare provider. The settlement highlights the importance of ensuring the confidentiality, integrity, and availability of electronic protected health information (ePHI). The investigation was initiated after the healthcare provider reported a breach of unsecured ePHI...
Edelweiss’ Radhika Gupta reacts to Donald Trump’s order on deregulation: ‘Akin to mom telling me I need to discard…’
Radhika Gupta, the Managing Director and CEO of Edelweiss Mutual Fund, has praised US President Donald Trump's recent executive order, which aims to reduce regulatory burdens by mandating the removal of 10 existing rules for every new one introduced by any agency. Gupta took to social media to express her admiration for the move, stating that it will help keep regulations up to date without increasing the cost of compliance. She compared the approach to a mother asking her child to get rid of...
LIC Obtains ISO 22301:2019 Certification for Business Continuity from BSI
The Life Insurance Corporation of India (LIC) has achieved a significant milestone by being awarded the ISO 22301:2019 Business Continuity Management System (BCMS) certification from the British Standards Institution (BSI). This prestigious certification is a global benchmark for business continuity management and recognizes LIC's ability to maintain robust business continuity practices, ensuring uninterrupted services even during unforeseen disruptions. The ISO 22301:2019 certification is an...
LIC of India has been awarded the ISO 22301:2019 certification for Business Continuity Management System by the British Standards Institution.
The Life Insurance Corporation of India (LIC) has achieved a significant milestone by receiving the ISO 22301:2019 Business Continuity Management System (BCMS) certification from the British Standards Institution (BSI). This certification recognizes LIC's operational resilience, business continuity planning, and risk management capabilities, which are now aligned with global best practices. The ISO 22301:2019 standard is an international benchmark for business continuity management, focusing...
New India Assurance Co. Ltd., Oman receives the prestigious Times of Oman Best Brand in Customer Experience Award
New India Assurance Co. Ltd., Oman, has been honored with the prestigious Times of Oman Best Brand in Customer Experience Award in the insurance category at the Oman CX Awards 2025. This recognition is a testament to the company's unwavering commitment to delivering exceptional service and customer satisfaction across the Sultanate. The award was received by Mr. Gaurav Sharma, Chief Operating Officer of New India Assurance, Oman Operations, on behalf of the company. The Oman CX Awards 2025...
Aviva has implemented the Reltio Data Cloud solution to unify its data.
Aviva, a multinational insurer based in the UK, has implemented the Reltio Data Cloud solution to provide real-time data intelligence and improve customer experiences. Prior to this deployment, Aviva struggled with fragmented data across different systems, which hindered its ability to gain a comprehensive view of customer interactions. The company evaluated various vendors to replace its legacy IBM Master Data Management system and ultimately chose Reltio's solution. The Reltio Data Cloud...
The Congressional Budget Office (CBO) has revised its estimate regarding the number of individuals who would lose health insurance coverage.
A recent analysis by the nonpartisan Center on Budget and Policy Priorities has estimated that approximately 15.7 million Americans could lose their health insurance coverage if the bill passed by the House of Representatives on May 22 becomes law. This figure is significantly higher than previous estimates and is based on revised numbers published by the Congressional Budget Office (CBO) after the House Republican caucus made changes to the bill. The analysis, entitled "By the Numbers: House...