India’s soon-to-be-introduced bond forwards are expected to boost demand for state debt.
The Reserve Bank of India (RBI) has introduced guidelines for bond forwards, a new financial instrument that is expected to boost demand for state debt and lower borrowing costs for sub-national issuers. The move is seen as a positive step towards deepening the country's local bond market. Bond forwards are contracts that allow investors to buy or sell bonds at a fixed price on a future date, helping them hedge against interest rate risks. The RBI's decision comes after insurance companies...
Ketan Mankikar is revolutionizing the insurance industry with a focus on transforming it for the new generation. He understands the evolving needs and preferences of younger consumers and is working to make insurance more accessible, user-friendly, and tailored to their lifestyles. By leveraging technology and innovative approaches, Ketan aims to bridge the gap between traditional insurance models and the expectations of modern customers, ultimately creating a more inclusive and relevant insurance ecosystem for the next generation.
The Indian insurance industry has undergone significant changes over the past decade, driven by policy changes, digital platforms, and shifting consumer mindsets. Marketing has become more data-driven, customer-focused, and digitally integrated, enabling personalized and proactive engagement. The industry is leveraging data analytics to understand customer behavior, simplify complex policies, and make insurance more relatable and approachable. Social media, YouTube, and influencer platforms...
Two insurance firms resume cashless facility at Ahmedabad’s Ahmedabad Nursing Home Association (AHNA) hospitals.
The Ahmedabad Hospitals & Nursing Homes Association (AHNA) has reinstated the cashless facility for policyholders of Star Health Insurance and Care Health Insurance. This decision was made after both insurance companies committed to resolving outstanding issues related to claim settlements and service delays. The suspension of cashless facilities for these insurance companies was initially announced on April 2, along with Tata AIG, due to unresolved issues. During the suspension, patients were...
Kerala Human Rights Commission directs insurance company to process claim without delay
The Kerala State Human Rights Commission has intervened in a decade-long case of a missing fisherman, directing an insurance company to decide on the claim filed by his family within two months. Biju, a fisherman from Pallithura, went missing on November 16, 2014, while venturing into the sea from the Vizhinjam coast. Despite the family producing a certificate of "man missing" issued by the sub-collector, the insurance company, United India Insurance Company, rejected the claim citing...
A massive fire erupted at a LIC building located in Patna, near the Exhibition Road intersection.
A massive fire broke out at the Life Insurance Corporation (LIC) building in Patna, India, early on Sunday morning. The blaze started around 5:00 AM near the busy Exhibition Road intersection and quickly spread, engulfing the entire building in flames. The fire caused widespread panic in the area, with thick plumes of smoke billowing from the building and visible to nearby residents. Multiple fire tenders were deployed to the scene, and firefighters used hydraulic systems to try to control the...
EMIs in Health Insurance: Understanding the Essentials Before Opting for Installment Plans
Equated Monthly Installments (EMIs) in health insurance allow policyholders to pay their premiums in monthly installments instead of a lump sum. Here’s what you should know:
How EMI Works in Health Insurance
- Premium Payment: The annual premium is divided into 12 equal monthly installments.
- Interest Charges: Most insurers charge an interest rate on the installment amount, which can range between 1.5% to 2% per month.
- Payment Term: The payment term typically spans the entire policy year, usually 12 months.
Benefits of EMI in Health Insurance
- Cash Flow Management: EMIs help in managing cash flow by allowing policyholders to pay premiums in smaller, manageable amounts.
- Increased Affordability: Larger premium amounts are broken down, making health insurance more accessible to a wider audience.
- Reduced Financial Strain: Paying in installments can ease the financial burden, especially during times of financial crunch.
Things to Consider Before Opting for EMI
- Interest Rates: Understand the interest rate charged and calculate the total amount you will pay over the year.
- Penalty for Late Payments: Missing an installment can attract late payment fees or penalties.
- Policy Terms: Some policies might have specific terms or restrictions when opting for the EMI payment plan.
- Claim Process: Understand if the EMI plan affects the claim process or the coverage in any way.
Calculating EMI Premiums
- Example: If your annual health insurance premium is ₹24,000 and the insurer charges an interest of 1.5% per month, your monthly EMI could be approximately ₹2,150.
- Considerations: Always factor in the interest and any additional charges when calculating your EMI.
Choosing the Right EMI Plan
- Assess Your Budget: Ensure that the monthly installment fits within your budget.
- Interest Comparison: Compare interest rates among different insurers to get the best deal.
- Policy Coverage: Ensure the policy offers comprehensive coverage despite the payment plan.
Opting for an EMI plan in health insurance can be beneficial for managing premiums, but it’s crucial to understand the terms, interest charges, and potential penalties before making a decision.
The concept of Equated Monthly Instalments (EMIs) has expanded beyond buying homes and cars, and is now being used to purchase health insurance policies. With medical inflation on the rise, health insurance premiums have increased significantly, making EMIs an attractive option for those who cannot afford to pay the full premium upfront. However, health insurance EMIs come with a significant disadvantage that is often overlooked. When making a claim under an EMI option, all subsequent...
Review of PSU General insurers on cards to gauge capital needs
The Indian government is set to review the financial and operational performance of three state-run general insurers: Oriental Insurance, National Insurance, and United India Insurance. The review aims to determine the need for capital infusion to strengthen the solvency ratios of these companies, which are currently below the regulatory requirements of 1.50. Despite significant improvement in their financial performance, the solvency ratios of these companies remain a concern. The government...
Fastest Insurers to Settle Claims within 3 Months:
- ICICI Lombard General Insurance: 98.04% claims settled within 3 months
- Bajaj Allianz General Insurance: 96.45% claims settled within 3 months
- HDFC Ergo General Insurance: 95.52% claims settled within 3 months
- Apollo Munich Health Insurance: 94.95% claims settled within 3 months
- Max Bupa Health Insurance: 94.64% claims settled within 3 months
Slowest Insurers to Settle Claims within 3 Months:
- United India Insurance: 73.45% claims settled within 3 months
- New India Assurance: 75.13% claims settled within 3 months
- National Insurance: 76.23% claims settled within 3 months
- Oriental Insurance: 77.15% claims settled within 3 months
- Universal Sompo General Insurance: 78.21% claims settled within 3 months
The Insurance Regulatory and Development Authority (IRDAI) has released its handbook on Indian Insurance Statistics for 2023-24, which provides insights into the claim settlement ratios of various insurance companies in India. The claim settlement ratio helps policyholders understand the proportion of claims an insurance company honors or pays out during a certain period. A higher claim settlement ratio indicates that the insurer is more efficient in settling claims. According to the data,...
HDFC Life elevates Pritika Shah to Executive Vice President and Head of Marketing and Corporate Social Responsibility.
HDFC Life, one of India's leading life insurance companies, has announced the promotion of Pritika Shah to Executive Vice President (EVP) and Head of Marketing & Corporate Social Responsibility (CSR). This move comes after the departure of Vishal Subharwal, who previously held the position of Head of Marketing at HDFC Life. Pritika Shah's elevation is a significant development, as she will now be responsible for leading the company's marketing and CSR initiatives. With her new role, Shah will...
LIC has introduced a new service that allows policyholders to pay their premiums via WhatsApp.
The Life Insurance Corporation of India (LIC) has introduced a new facility that allows policyholders to pay their premiums through WhatsApp. This move aims to provide customers with a convenient and hassle-free way to pay their premiums from the comfort of their own homes. To avail of this service, policyholders can send a message to the WhatsApp number 8976862090, which will activate a chatbot that will guide them through the payment process. The chatbot will present the customer with...
LIC achieves historic milestone, sells 600,000 policies in a single day
The Life Insurance Corporation of India (LIC) has achieved a remarkable milestone by selling an impressive six lakh policies in just one day, generating premiums totaling Rs 1.04K crores on January 20, 2025. This achievement coincided with the 69th anniversary of LIC's founding on January 20, 1956, making the occasion even more significant. The concerted efforts of LIC's extensive network of 4,50,000 agents were instrumental in reaching this target, demonstrating the strong trust that the...
When women generate income, they should be encouraged with income protection: Girija Subramanian
The Government of India has introduced the Women Udyam Bima Policy to support women entrepreneurs and encourage them to participate in the formal workforce. This policy, launched by The New India Assurance Co. Ltd, aims to provide financial protection and support to women running micro and small industries with an asset size not exceeding five crores. The policy covers fire, burglary, loss of profits, and weather-related damages, with a sum insured of up to five crores and flexible premium...
AHNA Lifts Suspension on Care and Star Insurance
The Ahmedabad Hospitals & Nursing Homes Association (AHNA) has lifted its suspension on cashless facilities for policyholders of Care Health Insurance and Star Health Insurance. The decision comes after constructive dialogue between AHNA and the two insurance companies, which resulted in a commitment to resolve pending issues related to delayed claim settlements and service inefficiencies. AHNA had initially suspended cashless services for Care, Star Health, and Tata AIG Insurance on April 2,...
United India Insurance and SIDBI have entered into a partnership to offer insurance products to Micro, Small, and Medium Enterprises (MSMEs).
United India Insurance Company Ltd (UIICL), a public sector non-life insurer, has partnered with the Small Industries Development Bank of India (SIDBI) to provide general insurance products to the MSME (Micro, Small, and Medium Enterprises) sector. The partnership aims to offer comprehensive insurance solutions, including home, health, motor, and engineering products, to SIDBI's customers across its 123 branches nationwide. The collaboration is expected to increase insurance penetration among...
The Health Insurance Law will be revised to offer complimentary medical services to all individuals.
The Vietnamese government is working towards providing free medical examination and treatment for all citizens. The healthcare sector has set a strategic plan for 2026-2030 and 2031-2035 to achieve this goal. The plan aims to ensure that every individual undergoes a regular health check-up at least once a year and eliminates hospital fees for all citizens. This goal was emphasized by Deputy Minister of Health Tran Van Thuan, who chairs the National Medical Council, at a recent workshop on...
Former Aviva CEO joins Broker Insights in senior role alongside multiple other high-level appointments
Broker Insights, an insurtech company, has strengthened its executive team with several key appointments and promotions. The company has hired Stuart Spink as its new Chief Operating Officer, who brings a wealth of experience from his previous roles at Lloyd's and Aviva. Spink expressed his excitement about joining the company at a pivotal time and is looking forward to helping scale its impact across the market. In addition to Spink's appointment, Broker Insights has also made several...
Former Malaysian Health Minister Dr. S. Subramaniam has expressed concerns over the Ministry of Health's (MOH) shift towards private sector involvement in healthcare, which he believes may sideline the poor. Speaking at a conference, Dr. Subramaniam supported some government policies, such as the Madani Scheme, which aims to expand access to private general practitioners (GPs) for low-income groups. However, he criticized the Rakan KKM initiative and the development of a basic private health...
Madras High Court Stays Order Allowing CMRL to Build Station Through Temples on Whites Road
A single judge has quashed the notification issued by the Chennai Metro Rail Limited (CMRL) to acquire land belonging to the United India Insurance firm for the construction of an entry and exit point. The notification was issued under Section 3(2) of the Tamil Nadu (Acquisition of Lands for Industrial Purposes) Act, 1997. However, the Advocate General, PS Raman, has argued that the CMRL had only intended to acquire the Open Space Reservation (OSR) land and not the land belonging to the...
Expansion of Impactful Samriddhi Initiative with Jind Skill Center
PNB MetLife India Insurance Company Limited has launched the "Samriddhi Skill Center" (SSC) in Jind district, Haryana, in collaboration with its NGO partner, Foundation of Development Initiative (FDI). This initiative is part of PNB MetLife's Samriddhi CSR project, which aims to prevent stubble burning and create sustainable economic opportunities for rural communities. The project has been successful since its launch in October 2024, with 80 awareness sessions conducted with farmers in 20...
Lloyd’s of London has named a former Aviva executive as its next chief executive officer.
Lloyd's of London, the 335-year-old insurance market, has named a new chief executive officer to lead the organization. Johnny Espinet, a former executive at Aviva Plc, has been selected to succeed John Neal as CEO. Espinet's appointment is seen as a significant move for Lloyd's, which has been working to modernize and expand its operations. Espinet brings a wealth of experience in the insurance industry, having spent over 30 years in various roles at Aviva, including as the company's managing...
Bharat Forge’s performance falls short of expectations across the board, while L&T and Asian Paints are under scrutiny.
The fourth quarter earnings season is in full swing, with a total of 25 prominent companies set to report their earnings for the January to March period on Thursday, May 8. The list of companies includes Larsen & Toubro, Titan, Asian Paints, Bharat Forge, Biocon, Aarti Industries, Britannia, Canara Bank, and Chambal Fertilisers & Chemicals, among others. These companies operate in various sectors such as construction, pharmaceuticals, finance, and consumer goods. In addition to the initial...
A majority of Californians support providing healthcare to undocumented immigrants.
A recent poll has found that a majority of Californians support extending Medicaid benefits to undocumented immigrants, despite an escalating federal crackdown on immigration. The poll, conducted by the California Community Foundation, found that 57% of respondents supported allowing all income-eligible residents, regardless of immigration status, access to Medi-Cal, the state's Medicaid program. Another poll by the POLITICO-UC Berkeley Citron Center found similar results, with a slim majority...
Care Health Insurance introduces customers to the future of Health Insurance: Launches Ultimate Care
Care Health Insurance, a leading health insurance provider, has introduced a new product called "Ultimate Care" that promises to revolutionize the health insurance landscape in India. This innovative product is designed to provide comprehensive and personalized health insurance coverage to customers, addressing their evolving needs and preferences. With Ultimate Care, Care Health Insurance aims to offer a unique and futuristic approach to health insurance, leveraging cutting-edge technology...
Edelweiss Mutual Fund introduces Edelweiss Low Duration Fund, providing investors with a new option for managing their finances.
Edelweiss Asset Management Limited has announced the launch of its Edelweiss Low Duration Fund, an open-ended debt scheme that aims to generate income by investing in low-duration debt and money market securities. The New Fund Offer (NFO) will be open for subscription from March 11 to March 18, 2025. The fund's investment objective is to provide a balance between stability and returns by actively managing a high-quality portfolio with a Macaulay duration between 6 and 12 months. The fund is...
Premium of ₹1,262 crore paid for Chief Minister’s Comprehensive Health Insurance Scheme (CMCHIS)
The Tamil Nadu Health Department recently paid a premium of ₹1,262.91 crore for the Chief Minister's Comprehensive Health Insurance Scheme (CMCHIS). The payment was made to United India Insurance Company, covering 95% of the premium amount for 1,48,57,459 beneficiary families, which amounts to ₹1,198.32 crore. This covers the period from January 11, 2025, to January 10, 2026. An additional ₹64.59 crore was paid, which is the remaining 5% of last year's premium amount. Health Minister Ma....
IFFCO Tokio Introduces Comprehensive Home Insurance Policy for Homeowners and Tenants Alike.
IFFCO-Tokio, a leading general insurer, has launched a new home insurance product called "Comprehensive Home Protector". This policy is designed to cover the risk of loss or damage to physical assets, interests, and liabilities of the insured and their family, leaving no insurance gap. The policy is guided by the Insurance Regulatory and Development Authority of India (IRDAI) and offers de-bundled fire coverage, allowing policyholders to choose "Basic Fire Cover" and opt for additional...
LIC ranked world’s third strongest insurance brand
The Life Insurance Corporation of India (LIC) has been ranked third among the world's strongest insurance brands, according to the Brand Finance Insurance 100 2025 report. With a Brand Strength Index (BSI) score of 88 out of 100, LIC trails behind Poland-based PZU and China Life Insurance, which secured the top two spots with scores of 94.4 and 93.5, respectively. In terms of overall brand value, LIC ranks 12th globally, while SBI Life ranks 76th, making them the only two Indian insurers in...
HDFC Life introduces Click 2 Achieve Par Advantage
HDFC Life has launched a new product called HDFC Life Click 2 Achieve Par Advantage, designed to provide individuals with a flexible and secure way to plan for their long-term financial goals. According to Aneesh Khanna, Head of Products & Segments at HDFC Life, the product is tailored to meet the specific needs of individuals at different life stages, taking into account their age, income, and plans for the future. The goal of HDFC Life Click 2 Achieve Par Advantage is to provide a financial...
Aditya Birla Capital Introduces Lending, Insurance, and Investments on Open Network for Digital Commerce (ONDC)
Aditya Birla Capital (ABCL) has become the first BFSI company to go live with three core financial services - lending, insurance, and mutual fund investments - on the Open Network for Digital Commerce (ONDC) platform. This development reinforces ABCL's commitment to leveraging India's Digital Public Infrastructure (DPI) to democratize open network access to financial products, especially in underserved markets, and enhance financial inclusion across the country. Through the ONDC Network,...
Ahmedabad District Commission Holds Iffco Tokio General Insurance Co. Liable For Wrongful Repudiation Of Valid Claim
The Additional District Consumer Disputes Redressal Commission in Ahmedabad, Gujarat, has held Iffco Tokio General Insurance Co. Ltd. liable for wrongly repudiating a valid claim made by a policyholder, Mr. Amrutlal Thakkar. The policy in question was a 'Corona Kavach' policy with a sum assured of Rs. 5 Lakh. Mr. Thakkar had undergone treatment for COVID-19 at Aartham Hospital, incurring an expenditure of Rs. 2,01,512/-. However, when he submitted a claim to the insurance company, they only...
Aviva Life Insurance Recognized as ‘India’s Most Trusted Private Life Insurer’ for Seventh Consecutive Year
Aviva Life Insurance has been recognized as 'India's Most Trusted Private Life Insurer' for the seventh consecutive year, as per a recent survey conducted by the Trust Research Advisory (TRA). This prestigious award is a testament to Aviva's unwavering commitment to providing exceptional service and building trust with its customers. The TRA survey is a comprehensive study that assesses various parameters such as brand trust, customer satisfaction, and overall performance of life insurance...
ManipalCigna Health Insurance CHRO on why human connection still matters in hiring – peoplematters.in
In an interview with People Matters, the CHRO of ManipalCigna Health Insurance emphasized the importance of human connection in the hiring process. With the increasing use of technology and AI in recruitment, it's easy to overlook the value of personal interaction. However, the CHRO believes that human connection is still a crucial aspect of hiring the right candidate. The CHRO highlighted that while technology can help streamline the recruitment process, it's essential to balance it with...
Liberty Shoes is on the lookout for a social media agency to handle its online presence.
Liberty Shoes, a prominent footwear brand, is on the hunt for a digital marketing agency that can help the company elevate its online presence. According to Arun Kumar Raghav, the brand's digital marketing manager, the ideal agency should be "passionate and result-driven" with expertise in "storytelling, strategy, and community building across platforms". This suggests that Liberty Shoes is looking for an agency that can not only create engaging content but also develop a comprehensive digital...
Policybazaar introduces 100% claim settlement option for planned hospitalizations on select health insurance policies.
Policybazaar, a leading insurance platform, has introduced a 100% claim promise on planned hospitalizations for select health insurance policies. This initiative aims to provide a hassle-free and financially secure experience for policyholders, ensuring that they can focus on their recovery without worrying about hospital bills. The benefit is available on specific plans from Bajaj Allianz, Niva Bupa, and Aditya Birla Health Insurance (ABHI). To be eligible for the 100% claim promise,...
Don’t fall for fear mongering : Edelweiss CEO Radhika Gupta on small and mid-cap risks
Edelweiss Mutual Fund CEO Radhika Gupta has countered veteran fund manager S. Naren's advice to exit the small and mid-cap segment, stating that a balanced approach with a long-term perspective is key to success. Naren had recently commented that small and mid-cap valuations were "absurd" and that investors should consider alternative options. Gupta took to social media to express her views, urging investors not to fall for fear mongering and instead focus on finding a good manager and holding...
UIIC Job Vacancy: Exciting Opportunities in Insurance – Apply Before the Deadline! | Latest News
United India Insurance Company Limited Recruitment The United India Insurance Company Limited (UIIC) is seeking a qualified candidate to fill a position that requires a high level of expertise in actuarial science. To be eligible for this role, applicants must meet specific qualification requirements. Firstly, they must be a Fellow Member under the Actuaries Act, 2006, and also a Fellow Member of the Institute of Actuaries of India (IAI). Additionally, the candidate should have experience in...
Best insurance company in India: 90% claims settled each by Aditya Birla, New India, HDFC ERGO; Bajaj, Star, Shriram lowest.
A recent report by the Insurance Brokers Association of India (IBAI) for the financial years 2023-24 and 2022-23 has revealed that four insurance companies in India have consistently cleared more than 90% of claims made by beneficiaries. The top performers include Aditya Birla Health, HDFC Ergo, and New India Assurance, which achieved claim clearance rates of 91.88%, 92.1%, and 93.13%, respectively. The data shows that Aditya Birla Health received over 8.5 lakh claims in 2023 and settled...
Battle over health insurance for undocumented immigrants heats up at Minnesota Capitol
The debate over providing health insurance to undocumented immigrants has reignited at the Minnesota State Capitol. Democrats are pushing for a proposal that would allow undocumented immigrants to purchase health insurance through the state's MNsure exchange program, which is the state's health insurance marketplace. This would enable them to access affordable health care, including doctor visits, hospital stays, and prescriptions. Proponents of the bill argue that everyone, regardless of...
According to a report by the brokers association, the Indian insurance companies that reject claims the least are revealed, providing insight into the claims settlement records of various insurers.
A recent report by the Insurance Brokers Association of India (IBAI) has revealed that the claim-to-settlement ratio for general insurance in India has decreased to 86% in 2022-23, down from 87% in the previous fiscal year. This means that 14% of claims were rejected by insurance companies. The report also found that the claims repudiation ratio, which is the proportion of claims rejected by insurers, rose to 6% for general insurance, including motor, health, fire, and marine cargo. The report...
Public Sector General Insurance Companies Register Combined Profit of Rs. 1066 Crore in Q3 of 2024-25
The Indian Public Sector General Insurance Companies (PSGICs) have experienced a significant turnaround, with all companies becoming profitable again after historically reporting losses. Oriental Insurance Company Ltd. (OICL) and National Insurance Company Ltd. (NICL) started posting quarterly profits in Q4 of FY 2023-24 and Q2 of FY 2024-25, respectively. United India Insurance Company Ltd. (UIICL) also reported a profit in Q3 of FY 2024-25, after a seven-year gap. New India Assurance Company...
Edelweiss Financial Services Ltd. is set to raise ₹2,000 million through the issuance of Non-Convertible Debentures (NCDs).
Edelweiss Financial Services Limited has announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) worth up to ₹2,000 million. The issue will open on April 8, 2025, and close on April 24, 2025. The NCDs will have a face value of ₹1,000 each and will be offered in twelve different series with varying tenures, including 24 months, 36 months, 60 months, and 120 months. The interest rates on the NCDs will range from 9.50% per annum to 11.00% per annum, with options for...
Care Health stops claim settlements at 12 Max hospitals in Delhi-NCR
Care Health Insurance has temporarily suspended cashless claim settlements at 12 Max hospitals in Delhi-NCR, effective February 17, 2025. This means that patients will no longer be able to receive cashless treatment at these hospitals, and instead will have to pay out of pocket and then seek reimbursement from the insurance company. The affected hospitals include eight super-specialty hospitals, two multi-specialty centers, a hospital in Gurugram, and a cancer care center in Lajpat Nagar,...
HDFC Life has been recognized as the ‘Next Leader’ on the Indian Corporate Governance Scorecard for 2024, as reported by ThePrint and ANI Press Releases.
HDFC Life, one of India's leading life insurance companies, 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 in this prestigious list for the fourth consecutive year, which assesses the BSE 100 companies based on the Indian Corporate Governance...
Star Health Insurance has now expanded its home healthcare service to 100 locations.
Star Health and Allied Insurance Company Ltd, a leading standalone health insurer, has announced the expansion of its Home Health Care initiative to 100 locations across India. Launched in July 2023, this program provides cashless doorstep medical care services to 85% of the company's customer base. The initiative aims to make healthcare more accessible and affordable, addressing concerns such as high hospitalization costs, logistical challenges, and the stress associated with seeking medical...
Tata AIA Life’s Smart Pension Secure Plan is redefining the concept of retirement for the modern Indian, offering a secure and fulfilling post-work life.
Tata AIA Life's Smart Pension Secure Plan is a comprehensive retirement solution designed to meet the evolving needs of modern Indians. In today's fast-paced and unpredictable world, retirement planning has become a pressing concern for many individuals. The plan aims to provide a secure and stable financial foundation for retirement, allowing individuals to maintain their lifestyle and pursue their passions without worrying about financial constraints. The Smart Pension Secure Plan offers a...
India’s bond market rally is expected to gain further momentum on the back of deeper easing, according to ICICI Prulife, as reported by Bloomberg.com.
The Indian bond market is expected to experience a rally due to deeper easing measures, according to ICICI Prulife. The Reserve Bank of India (RBI) has announced plans to inject liquidity into the market through Open Market Operations (OMO) purchases, which will help ease bond yields. The RBI will infuse Rs 1.25 trillion worth of liquidity via bond purchases, a move that is expected to have a positive impact on bond yields and banks. The liquidity injection is aimed at addressing the liquidity...
ICICI Prudential Life Insurance has emerged as the leader in Hansa Research’s Customer Excellence Study (CuES) 2025.
The life insurance industry in India has witnessed significant progress in 2025, with several brands improving their customer experience, according to the Hansa Research's Life Insurance CuES 2025 study. ICICI Prudential Life Insurance has emerged as a frontrunner, followed closely by Axis Max Life Insurance. The study, which tracks the experience, perceptions, attitudes, and behavior of consumers in India, has captured feedback from over 3,600 customers across 13 life insurance brands. The...
Rising inflation drives up health insurance premiums, increasing the cost of standardised healthcare.
The increasing cost of healthcare services has led to a rise in health insurance premiums. Medical inflation, which refers to the steady increase in costs related to health and healthcare services over time, is a major contributor to this trend. The main causes of medical inflation include advancements in medical science and technology, growing demand for healthcare services, rising labor costs, chronic diseases, and pharmaceutical costs. As a result of medical inflation, health insurance...
TATA AIG broadens its health insurance coverage to increase accessibility.
TATA AIG General Insurance has launched a new health insurance product, MediCare Select, as part of its expansion strategy in India's retail health segment. The company aims to strengthen its presence in non-metropolitan regions and diversify its health portfolio. The launch of MediCare Select is a key step towards achieving this goal, and the company plans to increase its hospital network from 11,500 to over 14,000 by the end of fiscal year 2027. MediCare Select is designed to respond to...
Zepto founders seek Rs 1,500 crore structured debt from Edelweiss, others to boost Indian ownership
The article is a disclaimer statement from StartupNews.fyi, a news outlet that covers startup companies and their investors. The purpose of the statement is to inform readers about potential conflicts of interest that may arise in their reporting. The outlet acknowledges that some of the investors they feature may have connections to other businesses, including competitors or companies they write about. However, they assure their readers that these connections will not compromise the integrity...
LIC ranked world’s third strongest insurance brand
The Life Insurance Corporation of India (LIC) has been ranked third among the world's strongest insurance brands, with a Brand Strength Index (BSI) score of 88 out of 100, according to the Brand Finance Insurance 100 2025 report. Poland-based PZU secured the top spot, followed by China Life Insurance. In terms of overall brand value, LIC holds the 12th position, while SBI Life ranks 76th, making them the only two Indian insurers in the top 100. The report notes that the top 100 insurance...
The Central Bureau of Investigation (CBI) has arrested a surveyor and an official of a Chandigarh-based general insurance firm for allegedly accepting bribes.
The Central Bureau of Investigation (CBI) has arrested two individuals, NS Sidhu, an insurance surveyor, and JK Mittal, a Regional Manager of New India Assurance Company, in Chandigarh, in a bribery case involving Rs 5 lakh. According to CBI officials, a case was registered against Sidhu, who allegedly demanded a bribe of Rs 12 lakh from a complainant to expedite the release of an insurance claim for his factory, which had caught fire in 2010. The bribe was also intended to prevent an appeal...
LIC Warns About Fake Apps, Urges Policyholders to Ensure Secure Transactions
The Life Insurance Corporation of India (LIC) has issued a warning to its policyholders about fake mobile applications that are misusing its name. The state-run insurer has advised customers to be cautious and only conduct transactions through its official platforms. LIC has identified instances of unauthorized mobile applications that falsely claim to be associated with the corporation, and has urged customers to verify the authenticity of any application before making transactions. To avoid...
Bajaj Finserv may end partnership with Allianz by first half of CY25, potentially as early as March-end.
Bajaj Finserv is considering ending its partnership with Allianz, a German-based insurance company, as early as March 2025. The potential breakup comes after a long-standing joint venture between the two companies in the insurance sector. According to sources, Bajaj Finserv is likely to exit the joint venture, Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance, in the first half of the calendar year 2025. The decision to part ways is reportedly driven by Bajaj Finserv's desire to...
Techmagnate wins digital mandate for Aviva Life Insurance
Techmagnate, a digital marketing agency based in India, has been appointed to handle the digital mandate for Aviva Life Insurance Company India Limited, a joint venture between UK-based Aviva Plc. and Dabur Invest Corp. The agency will support Aviva Life Insurance in refining its digital strategy, improving online visibility, and enhancing customer interaction. The mandate was awarded after a multi-agency pitch, which showcases Techmagnate's expertise in the financial services sector. Sarvesh...
Niva Bupa has appointed Sridhar Srinivasan as an Independent Director.
EdgePoint Towers Sdn Bhd, a subsidiary of EdgePoint Infrastructure, a prominent ASEAN-based telecommunications infrastructure company, has achieved a significant milestone in its renewable energy endeavors with the successful launch of its first solar hybrid site. This noteworthy deployment marks a substantial step towards promoting sustainable energy solutions in Malaysia's telecommunications sector. The innovative solution has the capacity to provide up to 100% of the energy required to...
The Competition Commission of India (CCI) has given its approval for 360 ONE Fund’s acquisition of a stake in Bharti AXA Life Insurance.
The Competition Commission of India (CCI) has approved the acquisition of a stake in Bharti AXA Life Insurance by 360 ONE and Bharti Life Ventures. This move paves the way for the completion of the transaction, which was announced earlier. Bharti AXA Life Insurance is a joint venture between Bharti Enterprises and AXA, a French insurance company. The insurance company offers a range of life insurance products, including term insurance, health insurance, and investment plans. 360 ONE is a...
The Reserve Bank of India (RBI) has lifted restrictions on two Edelweiss Group companies, ECL Finance and Edelweiss Asset Reconstruction Company Limited (EARCL).
The Reserve Bank of India (RBI) has lifted the restrictions imposed on ECL Finance Limited and Edelweiss Asset Reconstruction Company Limited, both part of the Edelweiss Group, after the companies implemented remedial measures to address the concerns raised by the RBI. In May 2024, the RBI had imposed business restrictions on the two companies for violating regulatory norms. The restrictions were put in place due to "material concerns" arising from the conduct of the group entities, which were...
Star Health achieves highest sustainability score among Indian insurance companies
Star Health and Allied Insurance Company has achieved a significant milestone by securing the highest sustainability score among insurance companies in the Indian insurance sector. According to the S&P Global Corporate Sustainability Assessment, Star Health Insurance has been recognized as India's most sustainable insurance company for 2024. The company achieved a score of 53, which is based on its robust Environmental, Social, and Governance (ESG) parameters. This achievement highlights Star...
From Tycoon to Bankrupt: The Fall of Fortis and Religare Promoter Shivinder Mohan Singh
Shivinder Mohan Singh, the former co-owner of pharmaceutical giant Ranbaxy Laboratories, has filed for personal insolvency with the National Company Law Tribunal (NCLT) in an attempt to seek relief under the Insolvency and Bankruptcy Code (IBC). The move comes after a long-standing legal battle with Japanese firm Daiichi Sankyo, which accused the Singh brothers of concealing critical regulatory issues related to Ranbaxy's dealings with the US FDA and Department of Justice. The dispute began in...
Niva Bupa Health Insurance has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) for the reappointment of Krishnan Ramachandran as its Chief Executive Officer (CEO).
The Insurance Regulatory and Development Authority of India (IRDAI) has given its approval for the reappointment of Krishnan Ramachandran as the Chief Executive Officer (CEO) and Managing Director of Niva Bupa Health Insurance Ltd. This decision was made public through an exchange filing on Wednesday. As per the approval, Ramachandran's tenure will be for a period of five years, commencing from May 1, 2025, and concluding on April 30, 2030. Prior to this approval, the board of directors of...
Life insurance premiums increased by 5% in the financial year 2025.
The Indian life insurance industry has reported a 5.1% increase in new premium collection, reaching Rs 3.97 lakh crore in the financial year 2024-2025. This growth was largely driven by Life Insurance Corporation of India (LIC), which collected Rs 2.26 lakh crore in new business premium, including Rs 62,404.58 crore from individual new business. The individual new business premium saw an 11% increase, rising to Rs 1.66 lakh crore from Rs 1.49 lakh crore in the previous year. The industry's...
Life insurers’ first-year premiums increased by 2% in March and 5.1% in the fiscal year 2025.
The life insurance industry in India has reported a 2% year-on-year increase in first-year premiums for the month of March, with total collections reaching ₹61,439 crore. This growth is a welcome relief after a weak February, which saw a 12% year-on-year decline in premiums. For the entire financial year 2024-25 (FY25), first-year premiums have increased by 5.1% year-on-year. Among private insurers, ICICI Prudential Life Insurance has reported an impressive 18% rise in March premiums, with its...
HDFC Life and Policybazaar Launch New Term Insurance Plan
Policybazaar, a popular online insurance marketplace, has partnered with HDFC Life to offer a new term insurance product called "HDFC Life Click 2 Protect Ultimate". This policy offers 100% claim assurance, which is a unique feature in the insurance industry. The plan includes a return of premium on maturity, a terminal illness benefit, and a smart exit option that allows policyholders to receive their entire premium back, excluding taxes, if they choose to exit the policy. The policy is...
Timely Settlement of Insurance Claims Brings Relief to Families of J&K Bank Customers
The article discusses the quick settlement of insurance claims by the Jammu and Kashmir Bank, bringing relief to the families of its customers. The bank's insurance policy, which was introduced to provide financial security to its customers, has been instrumental in settling claims promptly, alleviating the financial burden on families. The insurance policy, which covers various types of risks, including life, accident, and liability, has been designed to provide comprehensive coverage to the...
British pension insurance totals $56 billion in 2024, report by Reuters states.
According to a recent report, British pension insurance deals are expected to reach a total value of £56 billion (approximately $72 billion USD) in 2024. This significant increase in pension insurance deals is attributed to the surge in demand from companies seeking to improve their retirement benefits for employees. The report suggests that this growth is driven by several factors, including the need for companies to demonstrate their commitment to employee welfare, particularly in a...
Star Health becomes India’s largest Home Healthcare provider
Star Health & Allied Insurance Company, a leading health insurance provider in India, has achieved a significant milestone by expanding its Home Health Care (HHC) initiative to 100 locations across the country. Launched in July 2023, the program has made a significant impact, now serving over 85% of Star Health Insurance's customer base with cashless doorstep medical care within a remarkably short period of 3 hours, without any out-of-pocket expenses. This expansion has improved the...
Puneet Gupta to Head Niva Bupa Insurance as Legal Head
Puneet Gupta, a seasoned lawyer with over 15 years of experience, has joined Niva Bupa Health Insurance as its new Legal Head, after leaving Axis Max Life Insurance. Gupta has a rich background in litigation, having worked in both the general insurance and real estate sectors. He has also worked with various functions at Axis Max Life, including HR, investment advisory, and corporate advisory. In his new role, Gupta is looking to bring innovation and excellence to the legal function,...
Best LIC Investment 2025
The Life Insurance Corporation of India (LIC) has introduced the Jeevan Shiromani Policy, a premium insurance plan designed for high-net-worth individuals. This non-linked savings and protection plan offers a unique combination of guaranteed returns and critical illness benefits, making it an attractive option for those seeking a secure and profitable investment. The Jeevan Shiromani Policy provides guaranteed returns, ensuring that policyholders receive a minimum payout upon maturity. This...
Niva Bupa Achieves Industry Recognition, Solidified as a Trusted Brand in India
Niva Bupa Health Insurance Company Limited, one of India's leading standalone health insurers, has received multiple prestigious industry recognitions in the last financial year, making it one of the most awarded health insurance brands in the country. The company was recently recognized as one of the Most Trusted Brands of India at an event held in Mumbai by Team Marksmen Daily. Niva Bupa has won several awards across top industry platforms, including the top prize in the Best Standalone...
Bangalore District Consumer Dispute Resolution Forum directs Niva Bupa Health Insurance Company to pay ₹4.5 Lakh to the aggrieved policyholder for wrongfully repudiating a valid health insurance claim.
The Additional District Consumer Disputes Redressal Commission-II, Bangalore Urban bench, has ruled in favor of Mr. John Jacob, a policyholder of Niva Bupa Health Insurance Co. Ltd., finding the insurance company liable for deficiency in service and unfair trade practices. The complainant's wife, Mrs. Princy John, was hospitalized for acute exacerbation of reactive airway disease, but the insurance company wrongfully rejected her claim, citing a pre-existing condition of diabetes. The...
Notification of Selection:Interview Results: Union Insurance Company of India Limited (UIICL) has announced the results of the written examination for vacant positions. The list of candidates found successful in the written examination has been released by the department. As per the UIICL notification, selected candidates will be further proceeding to the interview round.
The United India Insurance Co. Ltd. (UIIC) has announced the results for the written exam of Administrative Officers–Scale I Generalists and Specialists posts 2024. Candidates who appeared in the exam can check their results by visiting the official website, uiic.co.in. The result PDF contains the roll numbers of shortlisted candidates who have qualified for the interview round. To download the result, candidates need to follow these steps: 1. Visit the official website, uiic.co.in 2. Navigate...
Former NCLT Member joins ICICI Prudential Life Insurance as Independent Director
The Board of Directors of ICICI Prudential Life Insurance Company has approved the appointment of Anuradha Bhatia as an Additional (Independent) Director for a term of 5 years, starting from March 12, 2025, and ending on March 11, 2030. Ms. Bhatia is a former member of the National Company Law Tribunal (NCLT), Mumbai, and a retired Principal Chief Commissioner of Income Tax. She has over three decades of experience in direct tax administration, during which she supervised 23 districts of...
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The company has reported a significant increase in its net profit for the quarter ending December 31, 2024. The net profit rose by 67.9% to Rs 724.4 crore, compared to Rs 431.5 crore in the same period last year. This increase is despite a minor decline of 0.3% in the company's gross premium, which stood at Rs 6,214 crore in the December 2024 quarter, down from Rs 6,230 crore in the same period a year ago. The company's return on average equity (ROAE) has also improved significantly, rising to...
SEBI bars PNB MetLife dealer, associates; reasons unknown
The Securities and Exchange Board of India (SEBI) has barred nine entities, including a PNB MetLife dealer and his associates, from participating in the securities market for allegedly generating illegal gains of Rs 21.16 crore through front-running. The investigation found that the entities had accessed confidential information about impending trade orders of PNB MetLife and other clients, and had used this information to execute fraudulent trades and profit from market movements. The...
LIC launches cutting-edge martech platform for modern customer interactions
The Life Insurance Corporation of India (LIC), the country's largest insurer, has launched its Marketing Technology (MarTech) platform, marking a significant milestone in its digital transformation initiative, Project DIVELIC. This launch marks LIC's first step towards becoming a global digital champion in the insurance industry, leveraging world-class technology to revolutionize customer engagement on a large scale. The MarTech platform enables LIC to connect with policyholders, prospects,...
Securing Futures: TheCSRUniverse interview with Ms. Sheena Kapoor, Head
ICICI Lombard's approach to corporate social responsibility is centered on addressing critical societal challenges through long-term, scalable solutions. The company's key initiatives span healthcare, road safety, environmental sustainability, and rural development, demonstrating its commitment to creating a safer, healthier, and more sustainable world. ICICI Lombard's approach is guided by three strategic pillars: road safety, health, and environmental sustainability. The company's framework...
NIA Result 2025 Out Now, Check at newindia.co.in
The New India Assurance Company Limited (NIACL) has announced the results for the Assistant Phase I recruitment exam 2024. The results can be accessed on the official website newindia.co.in. The Tier I (Preliminary) online examination was conducted on January 27, 2025, and the Tier II (Main) online examination is scheduled to take place on March 2, 2025. The Preliminary exam lasted for 60 minutes. The recruitment drive aims to fill 500 Assistant posts. To check the result, candidates need to...
Public sector insurance companies reported a profitable October-December quarter.
The four public sector general insurance companies (PSGICs) in India have achieved a remarkable turnaround in their financial performance, posting a combined profit of ₹1,066 crore by the third quarter of the current financial year. This is a significant improvement from the massive losses of over ₹10,000 crore they incurred in 2022-23. According to a finance ministry statement, the turnaround is attributed to several factors, including improved risk-management practices, loss control...
Star Health faces a GST demand of Rs 49 crore across multiple states.
The Star Health and Allied Insurance Co Ltd has been served with 25 tax demand notices amounting to Rs 49 crore by the Goods and Services Tax (GST) authorities across multiple states. The demands are related to alleged violations of GST laws in connection with coinsurance transactions. The notices were received by the company from different GST authorities, including those in Delhi, Maharashtra, Kerala, and Tamil Nadu, among others. The demand includes interest and penalties, with some of the...
NICL Assistant Mains Result 2025, Phase 2 Result PDF and Marks.
The New India Assurance Company Ltd (NIACL) is set to release the results of the NIACL Assistant Mains Exam on its official website, newindia.co.in. Candidates who took the Mains exam can check their qualifying status by downloading the result PDF, which will feature the roll numbers of shortlisted candidates who have cleared this stage. The result is expected to be released in April 2025, along with the cut-off marks and individual scorecards for all candidates. The NIACL Assistant Exam is...
UIIC AO Result 2025
The United India Insurance Company Limited (UIIC) has released the results of the Administrative Officer (AO) online exam 2025, also known as UIIC AO Result 2025, in PDF format. The result lists the roll numbers of candidates who have been shortlisted for the next stage of the selection process, which is the interview. The UIIC AO Score Card 2025 has also been released, showing the section-wise marks scored by candidates in the online exam. The UIIC AO online exam was held on December 21,...
Public sector general insurance companies notched profitability in the third quarter.
The Public Sector General Insurance Companies (PSGICs) in India have achieved a significant financial turnaround. After years of posting losses, all four companies - Oriental Insurance Company, National Insurance Company, United India Insurance Company, and New India Assurance Company - have returned to profitability. Oriental Insurance Company reported a profit in the fourth quarter of FY 2023-24, while National Insurance Company posted a profit in the second quarter of FY 2024-25, among...
IRDAI Investigates Star Health Insurance’s High Claim Rejection and Delay Rates
The Insurance Regulatory and Development Authority of India (IRDAI) has identified several irregularities in the claim settlement practices of Star Health and Allied Insurance, a private health insurer. According to a CNBC-TV18 report, the regulator has launched an investigation into the matter and is expected to take appropriate action against the insurer. IRDAI has reviewed the claim-handling processes of 8-10 other general and health insurance providers, but no enforcement measures have...
Mysore High Court Dismisses LIC Complaint
The District Consumer Disputes Redressal Commission in Mysore, Karnataka, ruled that an insured individual who takes out multiple insurance policies with different agents and uses various name variations, suggesting a pre-existing illness, must disclose this information to the insurer. The commission held that insurance contracts are based on the principle of "utmost good faith" and that any concealment of material facts can vitiate the policy. The case involved a father who took out two...
ESAF Small Finance Bank customers now get financial protection from IFFCO Tokio General Insurance.
ESAF Small Finance Bank (ESAF SFB) has partnered with IFFCO Tokio General Insurance Company to provide financial protection products to its customers. The agreement was signed in New Delhi and aims to offer a range of insurance products to ESAF SFB customers. The partnership will enable customers to access value-packed insurance benefits, including general insurance services, which will be made available at affordable rates. This collaboration between ESAF SFB and IFFCO Tokio General Insurance...
Star Health and Allied Insurance Co Ltd received 25 tax demands totaling Rs 49 crore.
Star Health and Allied Insurance Co Ltd, a health insurance company, has received 25 tax demand orders from various Goods & Services Tax (GST) and Central Excise authorities. The total demand amounts to approximately Rs 49 crore, inclusive of penalties. The tax demands relate to alleged non-compliance with GST rules, specifically regarding coinsurance transactions and failure to issue invoices for coinsurance services. The violations also include non-disclosure of coinsurance transactions in...
Strong growth expected to continue in new health and reinsurance segment.
The Indian insurance sector is expected to experience strong growth in the new health and term segments, according to a report by Nuvama. The report predicts that the industry growth will slow down to 6.3% due to choppy market conditions, which will impact sales of linked products. Additionally, weak credit and microfinance growth could hinder the growth of credit-linked group protection. However, the report also notes that Indian Public Sector General Insurance Companies (PSGICs) have made a...
PNB MetLife Launches Aggressive Long-term Pension Fund with Policybazaar Partnering.
Insurance Asia offers various opportunities for businesses to advertise and connect with their target audience. The community provides multiple ways for companies to promote their brand, products, and services. One option is to collaborate with the team to create an advertising campaign, which can be published in the website and print magazine. In addition, Insurance Asia can organize events, both online and offline, where businesses can connect with potential partners, thought leaders, and...
Niva Bupa Shines at Industry Awards, Concludes Financial Year as One of India’s Most Trusted Brands
Niva Bupa Health Insurance Company Limited, a leading standalone health insurer in India, has been recognized with multiple industry awards for its customer service, technology, and growth. The company has won top honors at various industry platforms, including the Mint BFSI Summit & Awards 2025, InsureNext Global Conclave & Awards 2025, and ET NOW Insurance Summit & Awards 2024, among others. Niva Bupa's achievements reflect its commitment to leveraging digital transformation to offer...
ICICI Prudential Life Insurance and Axis Max Life Insurance lead in Customer Experience.
The Hansa Research Group has released its 5th edition of the Insurance CuES report, which tracks customer experience, perceptions, attitudes, and behavior of insurance consumers in India, with a focus on life insurance. The report ranks the top life insurance companies in India based on customer experience and captures feedback from over 3600 customers across 13 life insurance brands. The report highlights key trends and insights that can help companies prioritize and better position their...
Vivek Paul and Govind Prasad Agarwal get new roles at LIC.
The Life Insurance Corporation of India (LIC) has announced the appointment of two new officials to senior management positions on its board. Vivek Paul and Govind Prasad Agarwal have been appointed to the roles of Senior Management Personnel. Vivek Paul takes over as the Managing Director and Additional Director of LIC. Govind Prasad Agarwal, who was appointed as Additional Director, has been given an additional role of Additional Director, taking over responsibilities related to marketing...
Optimize Your 2025 Two Wheeler Insurance Premium
As the new year 2025 approaches, it's essential to reassess and optimize your financial investments, including your two-wheeler insurance policy. Here are 9 tips to help you lower your two-wheeler insurance premium and get the best coverage: 1. Consider increasing your deductible to reduce your annual premium. 2. Install modern anti-theft devices, such as GPS trackers, immobilizers, or alarms, to receive discounts and keep your bike secure. 3. Maintain a clean riding record to avoid increasing...
The Madras High Court has ruled that a state can acquire temple land for public projects such as metro developments without violating fundamental rights under Article 25 and 26.
The Madras High Court has set aside a notice issued by the Chennai Metro Rail Limited (CMRL) proposing to acquire the property of United India Insurance for the construction of a metro station as part of the Phase-II project. The court held that it was open for CMRL to acquire the property of a nearby temple, as per its original plan, and that the acquisition of temple lands for the metro project would not violate the fundamental rights of the religious institution under Articles 25 and 26 of...
PNB MetLife Launches Pension Premier Multicap Fund
PNB MetLife India has launched the Pension Premier Multicap Fund under its Unit-Linked Insurance Plan (ULIP) offerings, in collaboration with Policybazaar. The fund aims to help customers build secure retirement savings and will be available for subscription from April 1 to April 15, 2025, at an initial Net Asset Value (NAV) of ₹10. The Pension Premier Multi-Cap Fund is an actively managed fund that invests in a diversified portfolio and aims to outperform the S&P BSE 500 Index. The fund has a...
NIACL AO Phase II Result 2024: Download Here
The New India Assurance Company Limited (NIACL) has announced the results of the Administrative Officers Scale I - Generalist/Specialists Phase II 2024. Eligible candidates who have cleared the Phase II (mains) examination conducted on November 17, 2024, can now download their results from the official website newindia.co.in. The shortlisted candidates will need to appear for the interview round. The downloading of call-letters indicating the date, time, and venue of the interview will...
Prudential and HCL Group have formed a joint venture for health insurance.
Prudential, a UK-based insurance company, has announced the establishment of a standalone health insurance company in partnership with Vama Sundari Investments, a company owned by the HCL Group. The joint venture, subject to regulatory approvals, will see Prudential Group Holdings hold a 70% stake and Vama Sundari Investments hold the remaining 30%. This development marks Prudential's further expansion into the Indian insurance market, which is currently experiencing growth opportunities in...
One-eighth of car owners prefer fixing their vehicles over buying new ones, according to Aviva’s research.
According to a recent study by Aviva, one out of every eight car owners would rather repair their vehicle rather than replacing it, even if it's no longer a viable option economically. The research, which surveyed 1,000 car owners in the UK, found that 12.5% of respondents would opt for repair over replacement, despite the potential costs and inconvenience involved. The study also revealed that the decision to repair or replace a vehicle is often influenced by emotional attachment to the car,...
Kotak Life reframes term insurance as a legacy protection tool
Kotak Mahindra Life Insurance has launched a new campaign called "Viraasat Ban Ke Hi Rahegi" (Legacy Will Remain) to promote term insurance as a crucial component of building a "Viraasat" (legacy) for future generations. The campaign aims to reposition term insurance as a tool to protect and ensure the continuity of one's legacy. In India, there is a strong cultural emphasis on creating a "Viraasat" through financial stability and security for future generations. However, many Indians often...
JM Financial maintains a Buy recommendation on HDFC Life. Meanwhile, they have reduced their target price to ₹800.
JM Financial has issued a buy call on HDFC Life Insurance Company with a target price of Rs 800, a reduction from its previous target price of Rs 900. The current market price of the company is Rs 618.95. HDFC Life Insurance Company is a large-cap company operating in the financial services sector, with a market capitalization of Rs 133,097 crore. For the quarter ended December 2024, the company reported a consolidated total income of Rs 17,270.97 crore, a decline of 39.98% from the previous...