Aviva and Tesco have launched a life insurance partnership, as reported by Coverager.
Aviva, a leading insurance provider, has partnered with Tesco, a renowned supermarket chain, to offer life insurance products to Tesco's customers. This strategic partnership aims to provide affordable and accessible life insurance coverage to a wider audience. Under this partnership, Aviva will offer a range of life insurance products, including level term life insurance, decreasing term life insurance, and whole life insurance. These products will be available to Tesco customers through...
In India, Alzheimer’s and dementia are covered by insurance through various policies and schemes. Here’s an overview:
Health Insurance: Many health insurance policies in India cover Alzheimer’s and dementia, including:
- Individual Health Insurance Policies: Some insurance companies offer coverage for Alzheimer’s and dementia as part of their individual health insurance policies.
- Senior Citizen Health Insurance: Specialized senior citizen health insurance policies often cover age-related diseases, including Alzheimer’s and dementia.
- Critical Illness Insurance: Critical illness insurance policies may cover Alzheimer’s and dementia, providing a lump sum payment to help with treatment and care.
Government-Sponsored Schemes: The Indian government offers several schemes to support individuals with Alzheimer’s and dementia, including:
- Rashtriya Swasthya Bima Yojana (RSBY): A health insurance scheme for below-poverty-line families, which covers hospitalization expenses, including those related to Alzheimer’s and dementia.
- Ayushman Bharat: A national health protection scheme that provides coverage for secondary and tertiary care hospitalization, including treatment for Alzheimer’s and dementia.
- National Programme for the Healthcare of the Elderly (NPHCE): A program that provides health care services, including diagnosis, treatment, and care, for elderly individuals with Alzheimer’s and dementia.
Private Insurance Companies: Several private insurance companies in India offer policies that cover Alzheimer’s and dementia, including:
- ICICI Lombard: Offers a comprehensive health insurance policy that covers Alzheimer’s and dementia.
- Bajaj Allianz: Provides coverage for Alzheimer’s and dementia through its health insurance policies.
- Max Bupa: Offers a senior citizen health insurance policy that covers age-related diseases, including Alzheimer’s and dementia.
- Apollo Munich: Provides coverage for Alzheimer’s and dementia through its health insurance policies.
- Star Health: Offers a senior citizen health insurance policy that covers age-related diseases, including Alzheimer’s and dementia.
Limits and Exclusions: While many insurance policies cover Alzheimer’s and dementia, there may be limits and exclusions, such as:
- Waiting Period: A waiting period may apply before coverage kicks in.
- Sub-Limits: Sub-limits may apply for specific treatments or expenses.
- Exclusions: Certain expenses, such as long-term care or home care, may be excluded from coverage.
- Pre-Existing Conditions: Pre-existing conditions, including Alzheimer’s and dementia, may be excluded from coverage or subject to a waiting period.
It’s essential to review policy terms and conditions carefully and consult with an insurance expert to understand the coverage and limitations.
Families of patients with Alzheimer's disease or other forms of dementia often face uncertainty and financial burdens due to medical expenses and long-term care. While health and critical illness insurance policies can cover some hospitalization and severe-stage treatment costs, they usually exclude long-term care and routine support. Understanding what is included and excluded in these policies is crucial for effective financial planning. Health insurance policies generally cover...
Kotak Mahindra Life Insurance Introduces the EDGE Plan, a Unique Combination of Income and Life Insurance Coverage.
Kotak Mahindra Life Insurance Company Ltd. is celebrating its 25th anniversary of providing financial security to its customers. To mark this milestone, the company has launched a new life insurance product called Kotak EDGE (Early Defined Guaranteed Earnings). This comprehensive solution is designed to meet the evolving financial needs of modern consumers, who face numerous financial responsibilities that require immediate attention. Kotak EDGE offers a unique combination of immediate...
Norka Care health insurance registration opens today
The Norka Care health insurance scheme for expatriate Malayalis has been launched by Norka Roots, with registration beginning on September 22, 2025. The scheme was formally inaugurated by Kerala Chief Minister Pinarayi Vijayan at a function in Thiruvananthapuram. The health insurance plan offers coverage up to ₹10 lakh, with cashless treatment available at over 14,000 hospitals across India, including 500 hospitals in Kerala. The annual premium for a family consisting of parents and two...
An insurance company has been ordered to pay over Rs 98 lakh in compensation to a woman after her claim was initially denied following the death of her husband.
A city consumer commission in Chennai has ordered an insurance company, ICICI Prudential Life Insurance Co. Ltd, and its broker, Gennext Insurance Brokers Pvt Ltd, to pay over Rs 98 lakh in compensation to a woman, Swedha Pothiraj. Swedha's husband, Sreyas RV, had purchased a Rs 1 crore term life insurance policy in April 2020 and paid the required premiums. However, when Sreyas died from acute-on-chronic liver failure in 2023, the insurance company rejected the claim, citing "non-disclosure"...
Aviva has formed a life insurance partnership with Tesco.
Aviva has partnered with Tesco Insurance & Money Services to launch a life insurance product for Tesco customers and Clubcard holders. The new product aims to provide life cover while integrating Tesco's customer rewards program into the offering. The insurance plan, underwritten by Aviva, starts at a monthly premium of £5 and can be accessed through Tesco's insurance website or mobile devices. The partnership aims to leverage the digital and data capabilities of both brands to bring life...
The Insurance Regulatory and Development Authority of India (IRDAI) has initiated an investigation into a whistleblower complaint regarding the promoter stakes in Star Health and Allied Insurance, as well as Kiwi General Insurance.
The Insurance Regulatory and Development Authority of India (IRDAI) has received a whistleblower complaint alleging a conflict of interest involving WestBridge Capital, a private equity firm. The complaint claims that WestBridge Capital holds a significant stake in two insurance companies, Star Health and Kiwi General Insurance, which operate in the same segment of retail health insurance. This is in violation of IRDAI regulations, which prohibit a single promoter from holding a stake of 25%...
Mr. Keki Mistry – Chairman’s Speech At HDFC Life’s 25th Annual General Meeting (AGM) In Mumbai On 16th July 2025Ladies and gentlemen, esteemed shareholders, and fellow stakeholders, I am honored to stand before you today at the 25th Annual General Meeting of HDFC Life. As we gather here in Mumbai on this 16th day of July 2025, I am filled with a sense of pride and accomplishment, reflecting on the remarkable journey of our organization over the past quarter century.As we celebrate this significant milestone, I would like to take a moment to acknowledge the incredible contributions of our founding members, whose vision and perseverance have been instrumental in shaping HDFC Life into the institution it is today. Their unwavering commitment to excellence and customer satisfaction has been the bedrock upon which we have built our success.Over the past 25 years, HDFC Life has experienced unprecedented growth, navigating the complexities of the Indian life insurance market with agility and resilience. We have consistently demonstrated our ability to adapt to changing regulatory environments, evolving customer needs, and emerging market trends. Through it all, our focus has remained steadfast on delivering exceptional value to our policyholders, while fostering a culture of innovation, transparency, and accountability within our organization.As we look to the future, I am excited about the prospects that lie ahead. The Indian life insurance sector is poised for significant expansion, driven by increasing awareness about the importance of insurance, favorable demographics, and the government’s initiatives to promote financial inclusion. At HDFC Life, we are well-positioned to capitalize on these opportunities, leveraging our robust distribution network, diversified product portfolio, and strong partnerships to drive growth and deepen our penetration in the market.Our strategy for the future is built around several key pillars. First, we will continue to invest in digital transformation, enhancing our online platform and leveraging data analytics to improve customer engagement, streamline processes, and reduce costs. Second, we will focus on expanding our reach in underserved markets, utilizing innovative distribution channels and tailored product offerings to address the unique needs of these segments. Third, we will prioritize the development of our people, providing training and development opportunities to enhance their skills and capabilities, and foster a culture of innovation and entrepreneurship within our organization.As we embark on this next phase of our journey, I would like to express my sincere gratitude to our shareholders, whose trust and support have been invaluable to us. I would also like to thank our customers, who have placed their faith in us, and our employees, who have worked tirelessly to deliver exceptional service and drive our success. Your contributions have been instrumental in shaping HDFC Life into the organization it is today, and I look forward to continuing our partnership in the years to come.Before I conclude, I would like to highlight some of the key achievements of the past year. Despite the challenges posed by the pandemic, we have delivered strong financial performance, with significant growth in our top-line and bottom-line. Our solvency ratio remains robust, and we have made substantial progress in enhancing our operational efficiency and improving our customer satisfaction scores.In conclusion, as we celebrate our 25th anniversary, I am filled with a sense of pride, gratitude, and excitement for the future. I am confident that HDFC Life is well-positioned to continue its trajectory of growth and success, driven by our commitment to excellence, customer satisfaction, and innovation. Thank you.
As of March 31, 2025, the company's financial standing is strong, with Assets Under Management (AUM) totaling Rs. 3.36 lakh crores. This significant figure indicates the company's substantial holdings and investment portfolio. Additionally, the Embedded Value stands at Rs. 55,423 crores, which represents the present value of future profits from the company's existing business. The solvency ratio, a crucial measure of a company's ability to meet its long-term financial obligations, remains...
NORKA Care health insurance will exclude former expatriates from its coverage.
The NORKA Care health insurance project, set up by the Government of Kerala, has raised concerns that former expatriates who have returned to the state will not be included in the insurance coverage. The project is scheduled to be launched on September 22 by Chief Minister Pinarayi Vijayan. Those with NORKA membership can register for the project from September 22 onwards, with the last date for enrollment being October 21. The policy will be implemented on November 1. The insurance coverage...
Niva Bupa is a casualty of GST removal on individual health insurance because the removal of GST has significantly reduced the cost of health insurance for individuals, making Niva Bupa’s premiums less competitive. As a result, the company is facing a decline in sales and revenue, ultimately affecting its business operations and profitability. The removal of GST has led to a decrease in the premium amounts that individuals have to pay, making Niva Bupa’s offerings less appealing to customers who are now opting for more affordable options. This has put pressure on Niva Bupa to revisit its pricing strategy and restructure its products to remain competitive in the market.
The recent changes to the goods and services tax (GST) rate on insurance have put Niva Bupa Health Insurance Co. Ltd in a difficult position. The company must decide whether to remain competitive by not raising premiums, thereby sacrificing profit margin, or to become uncompetitive by raising premiums and protecting its profit margin. This dilemma arises because individual health insurance is exempt from GST, but other types of insurance, such as vehicle insurance, are still taxable....
Aviva and Tesco have launched a life insurance partnership.
Aviva and Tesco Insurance & Money Services have announced a new partnership to offer life insurance to Tesco customers. The partnership combines Tesco's strong brand and customer-centric focus with Aviva's expertise in life insurance, aiming to provide simple, affordable, and trusted life cover to customers. The life insurance proposition will be available through Tesco's online and social presence, as well as in hundreds of stores across the UK. The Aviva Life Insurance Plan for Tesco...
DT Next Campus: Kotak Life Insurance Programme
Kotak Life Insurance Company Ltd. has launched an initiative to provide financial assistance to students from Tamil Nadu and Maharashtra. The program aims to support students pursuing their undergraduate studies in the commerce stream. To be eligible, students must be enrolled in the first year of the B.Com program and have secured 60% marks or more in Classes 10 and 12. Additionally, the applicant's annual family income must be Rs 3,60,000 or less. The program offers a reward of up to Rs...
AHPI has requested hospitals to discontinue cashless treatment for Bajaj Allianz General Insurance policyholders, effective September 1.
The Ayushman Bharat Health Infrastructure (AHPI) has directed hospitals to discontinue cashless treatment for policyholders of Bajaj Allianz General Insurance from September 1. This decision comes after the insurer failed to clear outstanding dues to the tune of Rs 150 crore. Bajaj Allianz General Insurance is one of the leading insurance providers in India, and this move is expected to affect a large number of policyholders. According to reports, the insurer had not paid the dues to hospitals...
Health insurers are struggling financially, even after implementing increases in premium rates.
The Indian health insurance industry is facing a challenging time due to rising medical costs and increasing claims. Despite multiple premium hikes, insurers are struggling to contain losses, with many reporting deteriorating loss ratios. The main factor contributing to this trend is the estimated 14% inflation in medical-related costs, which is outpacing premium increases. New India Assurance, a state-owned insurer, saw its incurred claims ratio worsen to 109% in Q1 FY26, up from 106% a year...
Edelweiss MF’s Altiva has launched India’s first Hybrid Long-Short SIF, with Radhika Gupta stating that the goal is to achieve absolute returns while maintaining low volatility.
Edelweiss Mutual Fund has launched a new investment strategy, the Altiva Hybrid Long-Short Fund, under its Specialised Investment Fund (SIF) platform. The fund aims to deliver consistent, income-oriented returns through a combination of equity arbitrage, high-quality fixed income, and selective opportunities in special situations in equity markets. The new fund offer (NFO) will be open for subscription from October 1 to October 15. The Altiva Hybrid Long-Short Fund is an interval investment...
Understanding Return of Premium Health Insurance Plans: How They Work
Return of Premium (ROP) health insurance plans are a type of health insurance policy that returns a portion of the premiums paid if no claims are made during the policy term. Here’s how it works:
- Policy Purchase: The policyholder purchases an ROP health insurance plan with a specified policy term, usually several years.
- Premium Payments: The policyholder pays premiums regularly, usually monthly or annually, to maintain the policy.
- No Claims Made: If the policyholder does not make any claims during the policy term, they are eligible for a return of premium.
- Return of Premium: At the end of the policy term, the insurance company returns a percentage of the total premiums paid to the policyholder. This percentage can vary depending on the policy and insurance company.
- Claims Made: If the policyholder makes a claim during the policy term, they will not be eligible for the return of premium. However, the insurance company will still cover the medical expenses as per the policy terms.
- Policy Renewal: The policyholder can choose to renew the policy at the end of the term, and the process starts over.
ROP health insurance plans provide an incentive for policyholders to maintain good health and avoid making claims. They can be a cost-effective option for individuals who are healthy and do not expect to make frequent claims.
The health insurance industry is undergoing a significant transformation, with a focus on providing more value to policyholders beyond basic coverage. In a pioneering move, CARE Health Insurance has introduced the Return of Premium (ROP) Health Insurance Plan, which rewards policyholders with financial benefits and enhanced coverage for maintaining good health. This innovative plan is currently the only one of its kind available in the market. The ROP Health Insurance Plan offers a unique set...
Forbes 2025 World’s Best Auto Insurance Companies List
Auto insurance rates are increasing globally, with the average cost in the United States rising by 12% from 2024 to 2025, according to Bankrate's annual report. The Deloitte Center for Financial Services' 2025 Global Insurance Outlook report also notes that auto insurance premium growth has outpaced inflation and disposable income growth in the United Kingdom and Australia over the past three years. The main factors contributing to this price hike are rising repair costs, changes in government...
LIC to acquire a substantial stake in a pure health insurer, with an announcement expected by March 31.
The Life Insurance Corporation of India (LIC) is in the final stages of discussions to acquire a substantial stake in a pure health insurance company. According to Siddhartha Mohanty, Managing Director and CEO of LIC, the company is likely to announce the decision before March 31. This move is seen as a natural choice for LIC to expand its presence in the health insurance market. While Mohanty declined to reveal the name of the health insurer, reports suggest that LIC is in talks with Manipal...
Shardul Amarchand Mangaldas advises on Bajaj Group’s ₹24,000 crore acquisition of Allianz’s stake in insurance joint venture.
SAM's transaction team was led by two experienced partners, Shailaja Lall and Akshay Sachthey, who were supported by a team of associates including Anupam Choudhary, Poorvisha Jindal, and Nidhi Lakhotia. The team provided advice on all aspects of insurance and corporate law related to the transaction, ensuring that all legal requirements were met. In addition to the core transaction team, other experts from SAM were also involved in the transaction. Dr. Shardul S. Shroff, the Executive...
HDFC ERGO General Insurance Wins Duck Creek Standard of Excellence Customer Award at Formation ’25
Duck Creek Technologies, a global intelligent solutions provider for the property and casualty insurance industry, has announced HDFC ERGO General Insurance Company Limited as a 2025 Standard of Excellence Customer Award winner. HDFC ERGO, India's leading private sector general insurer, has implemented Duck Creek's technology solutions to enhance operational efficiency and customer experience. The integration of these solutions has enabled HDFC ERGO to accelerate product launches, streamline...
- Sabotaging Health Insurance Markets: The Trump administration’s actions to undermine the Affordable Care Act (ACA) have led to increased premiums and decreased enrollment, making healthcare less affordable for families.
- Expanding Junk Insurance Plans: The administration’s expansion of short-term, limited-duration insurance (STLDI) plans, also known as junk plans, has driven up costs for families by drawing healthy individuals away from comprehensive plans, increasing premiums for those who need coverage.
- Increasing Prescription Drug Costs: The Trump administration’s policies have failed to address the root causes of high prescription drug prices, allowing pharmaceutical companies to continue price-gouging, and passing the costs on to families.
- Cutting Funding for Health Programs: The administration’s cuts to funding for health programs, such as the ACA’s navigator program and the Centers for Disease Control and Prevention (CDC), have reduced access to healthcare services and driven up costs for families.
- Promoting Health Care Consolidation: The Trump administration’s policies have encouraged consolidation in the healthcare industry, leading to decreased competition and increased costs for families, as large healthcare systems and insurers use their market power to drive up prices.
The Center for American Progress has identified 5 ways the Trump administration is driving up healthcare costs for families. Expanding Junk Insurance Plans: The Trump administration has expanded the availability of short-term, limited-duration insurance (STLDI) plans, which do not provide comprehensive coverage and can leave families with significant medical bills. These plans, often referred to as "junk insurance," can deny coverage for pre-existing conditions, exclude essential health...
ManipalCigna Health Insurance has appointed Joydeep Saha as its new Managing Director and Chief Executive Officer.
ManipalCigna Health Insurance, a leading standalone health insurance company in India, has appointed Joydeep Saha as its new Managing Director and Chief Executive Officer. The appointment was made after receiving regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI). Joydeep brings over two decades of experience in the insurance industry, with expertise in actuarial science, product development, and business strategy. Joydeep has been associated with...
ICICI Prudential Life achieved a claims settlement ratio of 99.6% in the June quarter.
ICICI Prudential Life Insurance has announced an impressive claims settlement ratio of 99.60% for the June quarter, with the company settling death claims worth ₹407 crore. This industry-leading ratio demonstrates the company's commitment to efficiently processing claims and providing timely support to policyholders' families. The 'Claim for Sure' service initiative, which promises to settle eligible claims within one day of receiving all necessary documents, has been particularly successful,...
AHPI Hospitals to halt cashless services for Bajaj Allianz from September – BW Healthcare
The Association of Healthcare Providers (India) (AHPI) has announced that its member hospitals will stop providing cashless services to policyholders of Bajaj Allianz General Insurance from September. This decision comes after prolonged negotiations between the two parties failed to yield a mutually acceptable agreement. The main point of contention is the reimbursement rates for healthcare services provided to Bajaj Allianz policyholders. AHPI, which represents over 2,500 hospitals across...
Four years after the incident, the family of a Bescom lineman has successfully won an insurance claim of Rs 10 lakh.
The family of Basavaraj Muthathi, a 34-year-old lineman who was electrocuted while working on a power line in Tumakuru, has finally received relief from the consumer court after a four-year battle. The II Additional District Consumer Disputes Redressal Commission in Bengaluru has directed New India Assurance Company Ltd to release Rs 10 lakh with 8% interest to Basavaraj's widow, Rekha, and their two young daughters. The court also awarded Rs 10,000 towards mental agony and litigation costs....
Tata AIA has introduced two new funds that focus on India’s sector leaders, offering a combination of long-term wealth creation and life insurance protection.
Tata AIA Life Insurance has launched two new funds, the Tata AIA Sector Leaders Index Fund and the Tata AIA Sector Leaders Index Pension Fund, which allow investors to invest in India's top-performing companies while ensuring their families' financial security with life insurance protection. The funds will be available for subscription at an initial price of ₹10 per unit during the New Fund Offer (NFO) period, which ends on September 22nd, 2025. The new GST norm coming into effect on the same...
Edelweiss AMC Supercharges Data-Driven, AI Transformation with Snowflake’s AI Data Cloud
Edelweiss Asset Management Company Ltd., one of India's fastest-growing mutual fund companies, has partnered with Snowflake to modernize its data infrastructure using Snowflake's AI Data Cloud. This transformation has boosted operational agility, enhanced investor experience, and reduced costs. With Snowflake's cloud-native infrastructure, Edelweiss AMC has achieved significant cost savings, reducing its data warehousing spending by 50%. The company has unified its data into a single...
Medical cost trend: Behind the numbers by PwC
The pharmaceutical industry is experiencing a surge in drug spending, with a significant increase of $50 billion (11.4%) in 2024, reaching a total of $487 billion at net manufacturer prices. This trend is expected to continue in the coming years, driven by the growth of new therapeutics in areas such as oncology, immunology, cardiovascular, obesity, and diabetes. One of the main contributors to this increase is the use of GLP-1 drugs, which are projected to account for 0.5% to 1.0% of the...
PNB MetLife has declared a bonus of ₹1,041.45 crore for the financial year 2025.
PNB MetLife India Insurance has announced a significant bonus for the 2024-25 financial year, amounting to ₹1,041.45 crore. This declaration represents a 12% increase from the previous financial year's bonus of ₹930 crore. As a result, over 5.68 lakh eligible participating policyholders will benefit from this bonus payout. According to Sameer Bansal, Managing Director and CEO of PNB MetLife, this bonus is the highest ever declared by the company. Bansal attributes this achievement to the...
Hospitals have accused health insurance companies, including Bajaj Allianz, of engaging in cartel practices by fixing low tariffs, which they claim is negatively impacting cashless services and patient care.
A dispute is brewing between hospitals and health insurers in India, with the Delhi Medical Association Nursing Home Forum (DMA NHF) accusing insurers of acting like a cartel. The Forum has written to the Insurance Regulatory and Development Authority of India (IRDAI) to investigate and ensure that hospitals are paid fair treatment charges. The issue centers around "common empanelment," where all insurance companies agree on prices to pay hospitals for different treatments. However, these...
The Supreme Court has ruled that an insurance company is not obligated to pay for the death of a person who was driving rashly.
The Supreme Court of India has ruled that insurance companies are not liable to pay compensation to the kin of drivers who die due to their own reckless or negligent driving. The court dismissed a claim petition filed by the family of a man who died in a car accident while driving at high speed and performing daredevil stunts. The family had demanded Rs 80 lakh in compensation from United India Insurance Company. The incident occurred on June 18, 2014, when N S Ravisha was driving a Fiat Linea...
LIC launches 2-month special revival campaign for lapsed policies
The Life Insurance Corporation of India (LIC) has introduced a special campaign to revive lapsed insurance policies. The campaign, which runs from August 18, 2025, to October 17, 2025, aims to benefit policyholders who were unable to pay premiums on time due to unfavorable circumstances. As part of this initiative, LIC is offering concessions of up to 30% on late fees for non-linked insurance plans. The concession on late fees is subject to a maximum amount of ₹5,000, with varying amounts...
PNB MetLife survey identifies Indian fathers’ financial saving habits into three distinct personas.
A recent survey conducted by PNB MetLife, a leading life insurer in India, has revealed that nearly two-thirds of Indian fathers consider themselves as "Hero Dads", who prioritize their family's financial security. The survey, which engaged over 6,000 fathers across the country, classified them into three distinct personas: "Hero Dads" (62%), "Thoughtful Dads" (29%), and "Disciplined Dads" (9%). The "Hero Dads" are guardians of their family's financial security, while "Thoughtful Dads" are...
GST Cut Brings Major Relief to Health Insurance Premium
The Indian government has announced that it will remove the 18% Goods and Services Tax (GST) on health insurance premiums starting September 22, 2025. This move is expected to provide significant cost relief to families across India, reducing the average premium burden by 18%. According to Dr. Selina Rajathi, Head of A&H Claims at Royal Sundaram, this GST exemption is a pivotal moment for health insurance in India, and families, particularly middle-income groups, will feel the immediate...
FWD Insurance has enhanced its FWD MyWell program by adding more health benefits to provide comprehensive care.
FWD Insurance has enhanced its "FWD MyWell" program, a comprehensive health and wellness solution that provides customers with a range of preventive care benefits. The program is designed to meet the diverse needs of customers, with a focus on delivering the best in health and wellness. The enhanced benefits include expanding membership tiers from four to six, reducing the minimum premium requirement to join the program, and introducing a wider variety of modern services such as alternative...
Kotak Gen2Gen Income Wins Product of the Year 2025 Award
Kotak Mahindra Life Insurance Company Ltd has been awarded the prestigious 'Product of the Year 2025' award in the 'Life Insurance - Savings Plan' category for its innovative product, Kotak Gen2Gen Income. This recognition is based on a nationwide survey conducted by NielsenIQ, involving 1,800 consumers across India. The award is a testament to the company's commitment to consumer-centric innovation and its effort to reflect the evolving financial priorities of Indian families. The Kotak...
Aviva India has appointed Suresh Mahalingam as its Chairperson, according to a report by BW Marketing World.
Aviva India, a leading insurance company, has announced the appointment of Suresh Mahalingam as its new Chairperson. This move is expected to bring in fresh leadership and expertise to the company, which has been operating in the Indian market for over two decades. Suresh Mahalingam is a seasoned professional with extensive experience in the financial services sector. He has held various leadership positions in renowned companies, including Tata AIG and Allied Motors. His expertise in...
Research And Views Archives | Equitymaster
The article provides an overview of the best mutual funds for Systematic Investment Plan (SIP) investments. The research highlights the potential of large cap, small cap, and mid cap funds to offer stability and deliver good returns over the long term. For large cap funds, the article suggests that they have the potential to offer stability to a portfolio during uncertain times. It identifies three large cap funds as the best options for SIP investments, although the specific funds are not...
The Orissa High Court has ordered the Life Insurance Corporation (LIC) to honour the allotments of flats in a housing scheme located in Bhubaneswar.
Between 2015 and 2018, four petitions were filed by individuals who claimed to have been selected through a lottery in 2014 to purchase land from the Life Insurance Corporation (LIC). Each petitioner had paid Rs 1,00,000 and was awaiting formal lease registration. However, the process was delayed due to complications under the Forest Conservation Act, 1980, as the land was part of a reserved forest. The LIC was unable to obtain the updated record of rights (RoR), which is necessary for...
Motilal Oswal recommends a Buy for Tech Mahindra, anticipating over 20% upside, while YES Securities maintains an Add call for ICICI Lombard.
Brokerage firms have expressed selective optimism about mid-tier IT and insurance companies following their recent quarterly results. Motilal Oswal has recommended buying Tech Mahindra, citing expected margin growth and stable growth prospects. Choice Broking has suggested adding L&T Technology Services to portfolios, highlighting the company's strong deal wins despite near-term execution challenges. YES Securities remains positive on ICICI Lombard, despite industry margin challenges. These...
‘NoRKA Care’ insurance exclusively for non-resident Keralites – Kerala Kaumudi
The Kerala government has introduced a new health insurance scheme called 'NoRKA Care' specifically designed for non-resident Keralites (NRKs). The scheme aims to provide exclusive health insurance coverage to NRKs, addressing their unique needs and concerns. NoRKA Care is an initiative of the Non-Resident Keralites Affairs (NoRKA) department, in collaboration with the Kerala State Insurance Department. The NoRKA Care insurance scheme offers a comprehensive range of benefits, including...
Star Health aims for Rs 20,000-crore premium in current fiscal, according to Anand Roy
Star Health & Allied Insurance, India's largest standalone health insurer, is expanding its presence in the insurance market. The company aims to reach a gross written premium (GWP) of Rs 30,000 crore by FY28, with a target of Rs 20,000 crore for FY26. To achieve this goal, Star Health is focusing on deepening its presence in Tier II and III cities, expanding its agency force, and distribution network. Despite the muted growth in health insurance premiums, the company believes that health...
Kotak Life marks 25 years of empowering dreams with a heartwarming brand film
Kotak Mahindra Life Insurance Company Ltd. (Kotak Life) is celebrating its 25th anniversary of providing financial security to Indian families. Since its inception in 2001, the company has grown to become one of India's leading life insurers, covering over 30 million active lives and managing assets worth over ₹95,000 crore. Kotak Life has maintained a claim settlement ratio of 98.6%, demonstrating its commitment to its customers. To commemorate this milestone, Kotak Life has released a brand...
Hindi Fortnight celebrations were held at LIC Kadapa.
The Hindi Fortnight Celebrations for 2025 have officially commenced at the LIC Kadapa Divisional Office. The inaugural ceremony, held on Monday, was led by Senior Divisional Manager GKRV Ravikumar. In his address, Ravikumar emphasized the significance of Hindi as a unifying force among Indians, highlighting its 76-year tenure as the official language. He also underscored LIC's commitment to utilizing Hindi extensively in both office administration and communication, aiming for 100% usage. The...
HDFC ERGO has partnered with PhonePe to introduce an affordable health insurance solution, targeting India’s ‘missing middle’ demographic.
HDFC ERGO General Insurance Company has partnered with PhonePe to launch an affordable health insurance solution for the "Missing Middle" in India, which refers to the 30% of Indians who are neither covered under government-sponsored health schemes nor can afford comprehensive health insurance. This demographic, comprising approximately 40 crore citizens, is largely comprised of lower and middle-income groups, including gig economy workers, who are exposed to costly out-of-pocket healthcare...
Lakhs of patients are likely to be affected as two major health insurers will stop providing cashless treatment from September 1.
The Association of Healthcare Providers India (AHPI) has announced that its member hospitals will be pulling out of cashless services for certain insurance providers due to rising medical inflation and unsustainable treatment tariffs. The AHPI cites an annual medical inflation rate of 7-8%, which has led to increased costs for staff salaries, medicines, consumables, utilities, and operational overheads. According to Dr. Girdhar Gyani, Director General of AHPI, continuing to operate at outdated...
The Insurance Ombudsman has released a report revealing the top insurers with the maximum number of grievances. The report provides insight into the performance of insurance companies in terms of customer satisfaction and complaint resolution.Some key points from the report include: 1. The names of the top insurers with the maximum grievances have been disclosed, allowing consumers to make informed decisions when choosing an insurance provider. 2. The report highlights the types of grievances received by the ombudsman, including claims-related issues, policy servicing, and premium disputes. 3. The data provides a comparison of the grievance rates among different insurance companies, enabling customers to assess the quality of service offered by each insurer. 4. The Insurance Ombudsman’s report also outlines the steps taken to address and resolve the grievances, ensuring that customers’ concerns are heard and addressed. 5. The release of this information aims to promote transparency and accountability within the insurance industry, ultimately benefiting consumers by encouraging insurers to improve their services and reduce grievances.
The Insurance Ombudsman's Annual Report for 2023-24 has revealed a significant increase in complaints against health insurance companies in India. The report shows that the total number of complaints against health insurers rose by 21.7% to 31,490 in FY 2023-24, compared to 25,873 in FY 2022-23. Private insurers accounted for the majority of complaints, with 26,064 grievances, while public sector insurers accounted for 5,298. Star Health & Allied Insurance led the list of companies with the...
Star health show reveals Han Da-geum’s high cancer risk – 조선일보
According to a recent episode of the Star Health Show, Han Da-geum, a Korean celebrity, has been found to have a high risk of developing cancer. The show, which focuses on the health and wellbeing of Korean celebrities, revealed the results of Han's health checkup, which showed that he has a high risk of developing the disease. Han Da-geum, who is known for his work as a singer and actor, underwent a series of health tests as part of the show, including a genetic test to determine his risk of...
Tata AIA has introduced two new funds that track the BSE India Sector Leaders Customised Index.
Tata AIA Life Insurance has introduced two new funds, the Tata AIA Sector Leaders Index Fund and the Tata AIA Sector Leaders Index Pension Fund, which will invest in India's largest companies across various sectors. These funds are based on the BSE India Sector Leaders Customised Index and will be available at an initial price of ₹10 per unit during the New Fund Offer (NFO) period, which ends on September 22. The key features of these funds include a benchmark of the BSE India Sector Leaders...
LIC India, Bouygues, and IMSS data are being sold, while a Paris phishing toolkit has been unveiled by SOCRadar Cyber Intelligence Inc.
A recent report by SOCRadar Cyber Intelligence Inc. has uncovered a significant data breach affecting several prominent organizations, including LIC India, Bouygues, and IMSS. The report reveals that sensitive data from these companies has been put up for sale on the dark web, highlighting the growing concern of cyber threats and data protection. LIC India, one of the largest insurance companies in India, has had its data compromised, potentially exposing the personal and financial information...
HDFC Life and Avanse Financial Services have partnered to provide financial security to their customers.
HDFC Life, a leading life insurer in India, has announced a strategic partnership with Avanse Financial Services, a non-banking financial company (NBFC) that focuses on education financing. The partnership aims to provide group credit life insurance solutions to Avanse's educational institution loan customers, enabling them to secure their loans and protect themselves from unforeseen financial risks. Avanse Financial Services provides financing solutions to educational institutions in India,...
Big update for customers of THIS health insurance company, Apollo Munich Health Insurance (AHPI) is likely to withdraw cashless services from its network of member hospitals, according to reports from the hospitals.
The Association of Healthcare Providers of India (AHPI) has announced that it may withdraw cashless services for Star Health Insurance policyholders from September 22. This decision comes after persistent complaints against the company, with over 13,000 complaints received, including more than 10,000 related to claim rejections. AHPI alleges that Star Health has refused to revise old tariff rates in line with rising costs, instead pressuring hospitals to reduce charges. As a result, thousands...
Tata AIA Life’s OOH campaign highlights the importance of balancing enjoyment in the present while securing the future through effective planning.
In Mumbai, a 30-year-old IT professional named Rohan is introduced to the concept of life insurance through a clever advertisement by Tata AIA Life Insurance. The ad, which reads "Classic Coffee to wake you up... Life Insurance so that you sleep peacefully," catches his attention and prompts him to learn more about life insurance. Rohan discovers that life insurance is not just for people with dependents or major financial obligations, but a smart financial move for anyone who wants to plan...
Edelweiss to boost fleet with five new Airbus A320neos.
Edelweiss, a Swiss leisure airline and member of the Lufthansa Group, is set to expand its short-haul fleet with the addition of five Airbus A320neo aircraft in 2027 and 2028. These aircraft, currently operated by Austrian Airlines, will replace Edelweiss' oldest Airbus A320s and support fleet expansion. The three oldest aircraft, which have been in service for 26 years, will be replaced by the more advanced A320neo models, while the remaining two will increase Edelweiss' short-haul fleet to a...
Tata AIA Life has launched ‘Shubh Muhurat’, a service designed to help with wedding financial planning.
Tata AIA Life Insurance has introduced a new life insurance plan called 'Shubh Muhurat', designed to help families in India prepare financially for weddings. The plan combines savings, wealth creation, and financial security to address the rising costs of weddings in the country. According to a report by Jefferies, India's wedding industry is the second largest globally, with over 80 lakh weddings taking place in 2024 and expenditures exceeding ₹10.7 lakh crore. The average wedding cost is...
North India’s Gen Z leads the way in term insurance adoption, with 25% of this demographic owning policies, according to a report by Tata AIA Life.
A recent study conducted by Tata AIA Life Insurance and NielsenIQ found that Generation Z in North India, aged 21-29, are setting new standards in financial protection. The study, titled "New Age Habits, Traditional Values: Gen Z's Approach to Financial Planning," discovered that 25% of Gen Z respondents in the region already own term insurance policies, which is one of the highest adoption rates nationwide. This demonstrates a high level of financial awareness and proactivity among young...
No other financial tool available in the market can protect customers better than insurance.
The Insurance Institute of India recently held its 70th annual conference and 137th Meeting of the Council in Madurai, where industry leaders discussed the current state of insurance penetration in India. Girija Subramanian, Chairperson and Managing Director of New India Assurance, noted that insurance penetration in India is low, with non-life insurance stuck at 1%. She attributed this to the industry's failure to keep pace with GDP growth, customer expectations, and the needs of millennials,...
The Indian government and Life Insurance Corporation (LIC) are expected to invite financial bids by September to sell their 60.72% stake in IDBI Bank, paving the way for the bank’s potential privatization.
The Indian government and Life Insurance Corporation (LIC) are set to invite financial bids for the sale of a 60.72% stake in IDBI Bank by September. This move is part of the bank's privatization process, which has been in the works for some time. The sale of the majority stake is expected to be completed by the end of the current fiscal year. IDBI Bank is one of the largest public sector banks in India, with a history dating back to 1964. The bank was formed with the objective of providing...
Edelweiss’ Radhika Gupta claims that the concept of a middle class in India is often misunderstood, stating that ‘none of us are middle class’. She argues that the idea of a ₹70 lakh salary being a benchmark for the middle class is a myth, highlighting the need for a more realistic understanding of income levels in the country.
The notion of what constitutes the "middle class" in India has sparked a heated debate, with many questioning whether an annual income of ₹70 lakh still falls within this category. According to the CEO of Edelweiss Mutual Fund, the answer is a resounding no, claiming that ₹70 lakh is, in fact, an upper-class income. She argues that the technical definition of middle class cannot be applied to such a high income, and that many Indians who earn in the top percentiles still identify as middle...
Tata AIA has launched the Shubh Flexi Income Plan, which offers multiple payout options.
Tata AIA Life Insurance has launched the Shubh Flexi Income Plan, a non-linked, participating life insurance savings plan that offers flexible payout options, combining wealth creation with financial protection. The plan is designed to cater to individuals at different life stages, including young professionals, families, and retirement planners. Policyholders can choose from three payout options based on their financial goals: the Endowment option, which provides a lump sum at maturity; the...
United India Insurance has returned to profitability, posting a net profit of ₹154 crore in the fiscal year 2025.
The United India Insurance Company (UIICL) has reported a significant turnaround in its financial performance, achieving a net profit of ₹154 crore for the 2024-25 fiscal year. This marks a substantial improvement from the previous year's loss of ₹804 crore. The company's gross direct premium income stood at ₹20,072 crore, with a combined ratio of 121.67%, representing a 4% improvement. Additionally, UIICL's customer base has exceeded the 2 crore mark, solidifying its position as the country's...
Best Small Business Health Insurance Providers Of 2025 – Forbes Advisor
The Small Business Health Options Program (SHOP) allows small business owners to purchase health insurance for their employees through approved insurance companies. Employers can choose from various types of health insurance plans, including EPO, HMO, POS, and PPO. Each plan has its own set of benefits and limitations, such as the need for primary care referrals to see specialists and coverage for out-of-network care. EPO plans are often affordable but may not cover out-of-network care, while...
Hospital body warns of suspension of cashless services to Star Health policyholders
The Association of Healthcare Providers - India (AHPI) has issued a warning to Star Health Insurance, threatening to suspend cashless facilities to policyholders due to the insurer's questionable practices. The association, which represents over 15,000 hospitals and healthcare institutions, has raised several concerns, including the insurer's refusal to revise tariffs despite high healthcare cost inflation, arbitrary withdrawal of cashless services, and unjustified deductions from hospital...
GST exemption on retail insurance likely to boost demand, with HDFC Life and Niva Bupa among Motilal Oswal’s top picks.
The insurance industry is facing a short-term challenge in terms of cash flow due to the recent announcement of a change in GST rates. The change, which is set to take effect until September 22, is expected to impact the industry in several ways. Firstly, policyholders who have purchased insurance policies in the last month are entitled to a free look period, during which they can cancel their policies without penalty. This could lead to a significant number of cancellations, which would...
Aviva has introduced a new guaranteed fixed term annuity, designed to address the changing requirements of individuals in retirement.
Aviva has introduced a new retirement income product, the Guaranteed Fixed Term Income Plan, which provides a guaranteed income over a fixed term of 3 to 25 years. This product offers clients greater control over their pension savings and allows them to reassess their retirement strategy at the end of the term without requiring a lifetime commitment. The plan is designed to meet the needs of today's retirees who value stability and flexibility, and is part of Aviva's existing annuity...
Star Health Unveils Flexible ‘Star Flexi’ Riders For Super Star Plan – BW Healthcare World
Star Health, a prominent health insurance provider, has introduced a new range of flexible riders called "Star Flexi" for its Super Star plan. The Super Star plan is a comprehensive health insurance policy that offers extensive coverage to individuals and families. With the introduction of Star Flexi riders, policyholders can now customize their insurance coverage to suit their specific needs and requirements. The Star Flexi riders are designed to provide flexibility and choice to...
ICICI Prudential Life reported a claim settlement ratio of $99.6\%$ in the first quarter.
ICICI Prudential Life Insurance has announced a claim settlement ratio of 99.60% for the first quarter of the financial year 2026-27. According to Amish Banker, Chief Operations Officer, the company handles claims with utmost sensitivity and processes them quickly. In the first quarter, the company settled death claims totaling ₹406.89 crore. The use of data analytics, AI, and ML-based technologies has enabled the company to efficiently process claims. The company's 'Claim for Sure' service...
Aviva removes last remaining additional charge on Adviser Platform
Aviva has announced the removal of Exchange Traded Instruments (ETI) charges from its Adviser Platform, effective immediately. This move eliminates additional costs for clients invested in individual equities and ETFs, making the platform more transparent and easier to navigate. The change means that advisers can build and refine portfolios for their clients without having to factor in multiple charges, resulting in consistent and predictable pricing. The removal of ETI charges is the latest...
Bajaj and ICICI Lombard are considering partnerships as the competition for preferred insurer status gains momentum.
The competition for Tesla's insurance partners in India is heating up, with Bajaj Finserv Ltd. and ICICI Lombard General Insurance Co. joining the fray. Both companies are in early discussions with Tesla to form non-exclusive insurance partnerships, according to sources familiar with the matter. This comes after Tesla launched its first showroom in India, which has seen significant demand. Although Tesla has already chosen Acko and Liberty General Insurance as its preferred insurers in India,...
WA health insurance premiums skyrocket due to federal fallout and increasing costs.
According to a recent report by the Tri-City Herald, health insurance premiums in Washington state are experiencing a significant increase due to federal fallout and rising costs. The main drivers of this surge are the inflated healthcare costs, pharmaceutical prices, and the impact of federal policies on the state's insurance market. One major factor contributing to the premium hike is the rising cost of healthcare services. Hospitals, doctors, and other medical providers are increasing their...
Campaign roundup: Week of 8 September | Advertising
Several companies in India have launched innovative marketing campaigns to engage with their target audiences. JBCN Group of Schools used YouTube bumper ads to showcase their culture of excellence, achieving over 690,000 impressions in 30 days. The ads featured a 10-second film of a Guinness World Record holder solving a Rubik's Cube, highlighting the school's progressive positioning. Tata AIA Life Insurance introduced its Health Buddy program with a creative metro campaign in Mumbai. The...
The insurance industry is seeking government support to extend Input Tax Credit (ITC) benefits to include distribution costs and renewals, according to the CEO of Aditya Birla Sun Life Insurance.
The life insurance industry in India is set to approach the government with new demands after the GST Council recently exempted individual life and health insurance policies from tax. The industry's primary request is to extend input tax credit (ITC) benefits to distribution costs and renewal premiums of past policies, even under the new zero-GST regime. According to Kamlesh Rao, MD & CEO of Aditya Birla Sun Life Insurance, distribution costs are similar to reinsurance costs, which have...
Oregon has increased the rates it pays to private contractors that manage the Oregon Health Plan, the state’s Medicaid program, in order to retain them.
The Kotek administration in Oregon has increased its offers to the organizations that oversee care for over 1 million low-income people enrolled in the Oregon Health Plan. The new rates, which represent a 10.2% average increase, are intended to satisfy the coordinated care organizations (CCOs) that have been losing significant amounts of money due to inadequate reimbursement rates. However, it is unclear if this will be enough to keep the CCOs from leaving the state's Medicaid-funded managed...
The National Consumer Disputes Redressal Commission (NCDRC) has ordered United India Insurance to pay a compensation of Rs. 2.35 crores for a cancelled cricket match.
The National Consumer Disputes Redressal Commission (NCDRC) has ruled in favor of the Andhra Cricket Association, holding United India Insurance Co. Ltd. liable for a deficiency in service. The insurance company had wrongfully repudiated a claim related to the cancellation of a One Day International cricket match between India and West Indies, scheduled for October 14, 2014, in Vishakhapatnam. The match was cancelled due to cyclone Hudhud, which hit the city on October 12, 2014. The Andhra...
Aviva has introduced a new pension product called Aviva Guided Retirement, which operates on a ‘flex first, fix later’ basis.
Aviva has launched a new retirement income solution called Aviva Guided Retirement, which is designed to provide workplace pension customers with a sustainable income for life. This "flex first, fix later" approach combines pension drawdown strategies with a later-life annuity, allowing customers to prioritize flexibility in the early years of retirement and security in the later years. The solution is available to Aviva Master Trust members, who will have access to a guided framework and...
PNB MetLife has launched a Value Fund under the ULIP category, with the new fund offer (NFO) available until July 28.
PNB MetLife India Insurance Company has introduced the PNB MetLife Value Fund, an actively managed equity fund available under its Unit-Linked Insurance Plans (ULIPs). The fund opened for subscription on July 15, 2025, and will remain open until July 28, 2025, with an initial Net Asset Value (NAV) of ₹10. After the subscription window closes, investors can purchase units at market-linked NAVs. The PNB MetLife Value Fund follows a value investing strategy, aiming to help customers build...
Bharti AXA Life announces a record bonus of Rs. 202 crore for its policyholders, showcasing its robust and stable financial performance.
Bharti AXA Life Insurance, a leading private life insurer in India, has announced a bonus of ₹202 crore for the financial year 2024-25. This bonus will benefit approximately 2 lakh policyholders who have invested in the company's participating products. The eligible policyholders are those with traditional participating policies in force as of March 31, 2025. The company offers a range of participating products, including Bharti AXA Life Samriddhi, Bharti AXA Life Monthly Income Plan+, and...
ICICI Lombard’s evaluation shift highlights mixed technical indicators and strong fundamentals.
ICICI Lombard General Insurance Company has undergone a recent evaluation adjustment, reflecting a complex technical outlook. The company's technical indicators present a mixed picture, with some suggesting bearish trends and others indicating bullish momentum. The MACD shows mildly bearish trends on both weekly and monthly bases, while the Relative Strength Index (RSI) indicates bullish momentum on a weekly scale. The Bollinger Bands and KST metrics also align with a bearish sentiment on both...
NIACL AO admit card 2025 has been released, and the download link is available.
The New India Assurance Company Limited (NIACL) has announced the release of hall tickets for the position of Administrative Officers (Generalists and Specialists) at the Scale-I level. Candidates can access their admit cards by visiting the official website at newindia.co.in. The admit cards are now available for download, and applicants are advised to print a copy for future reference. The Phase-I online examination, which will be conducted in a bilingual format (English and Hindi, except...
Royal Sundaram Marks 25 Years of Trust, Care, and Innovation in Insurance – MSN
Royal Sundaram General Insurance Company Limited, a leading general insurance provider in India, is celebrating its 25th anniversary. Over the past two and a half decades, the company has established itself as a trusted and innovative player in the Indian insurance industry. Royal Sundaram was one of the first private general insurance companies to be licensed in India, marking a significant milestone in the country's insurance sector. Since its inception, the company has been committed to...
Suno sabki, portfolio apni: Radhika Gupta of Edelweiss Mutual Fund advises investors
Radhika Gupta, CEO of Edelweiss Mutual Fund, has been offering advice to investors on social media platform X. She emphasizes the importance of creating a portfolio that is tailored to an individual's own needs and goals, rather than following the advice of others. Gupta uses the phrase "suno sabki, portfolio apni," which translates to "listen to everyone, but create your own portfolio." She notes that it's easy to get influenced by the opinions of others, such as friends, family members, or...
Clarifications about health care plans and information on HR and vendors will be available at the Healthy Boiler Fair.
The 2025 Purdue Healthy Boiler Fair is an event that brings together benefits-eligible members of the Purdue community to explore the connection between overall well-being and the university's benefit offerings. The fair will take place on September 10 from 9 a.m. to 1 p.m. in the Purdue Memorial Union North and South ballrooms. Over 35 vendors and Purdue departments will be in attendance, showcasing their programs, services, and benefits that align with the five pillars of Purdue's Healthy...
Niva Bupa has suspended its cashless facility at Max Hospitals, leaving thousands of policyholders without access to cashless treatment.
Niva Bupa Health Insurance has suspended its cashless treatment facility at Max Hospitals across India, affecting thousands of patients. The decision was made after the company's agreement with Max expired in May 2025, and talks over premium revisions failed to reach an agreement. As a result, policyholders will no longer be able to avail cashless hospitalization at Max hospitals and will have to pay their bills upfront before filing for reimbursement. According to Dr. Bhabatosh Mishra,...
Farhan Akhtar leads Aditya Birla Sun Life Insurance’s new #YeAkelaHiKaafiHai campaign for Super Term Plan
Aditya Birla Sun Life Insurance Company Limited (ABSLI) has launched a new campaign, #YeAkelaHiKaafiHai, to promote its Super Term Plan. The campaign features acclaimed actor, director, and musician Farhan Akhtar, who showcases the plan's unique benefits in a series of digital films. The Super Term Plan is a comprehensive insurance solution that offers life cover, critical illness protection, health services, and income security in one plan. According to Kamlesh Rao, MD & CEO of ABSLI, the...
ICICI Lombard has secured the branding rights for the Siddhivinayak metro station.
ICICI Lombard, a private general 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, will be known as the ICICI Lombard Siddhivinayak Metro Station. This association is a strategic move by the company to become an integral part of Mumbai's daily life, reinforcing its commitment to enabling safer and worry-free journeys. The station features India's first 3D anamorphic screen,...
Over 15,000 hospitals have withdrawn cashless treatment for Bajaj Allianz policyholders due to a dispute over fees.
Hospitals affiliated with the Association of Healthcare Providers—India (AHPI) in northern India have announced that they will no longer offer cashless treatment to policyholders of Bajaj Allianz General Insurance from September 1. The decision affects major hospital chains like Max Healthcare and Medanta, which are part of the AHPI network. The hospitals claim that Bajaj Allianz has neglected their repeated requests to update reimbursement rates to keep pace with medical inflation, which is...
Edelweiss Flies to Seattle & I Get Soaked: AirlineReporter
The Edelweiss airline recently celebrated its inaugural flight from Zurich to Seattle, using an Airbus A340. The event was covered by two aviation enthusiasts, David and Francis Zera, who were excited to see the new international carrier start service at their home airport. The A340 is a favorite among aviation enthusiasts, and the team was eager to experience the inaugural flight. As part of the celebration, the team was treated to a water cannon salute, which is a traditional way to welcome...
Employee health insurance premiums are expected to increase by 6% in 2026, according to a recent survey.
A recent survey has found that employee health insurance premiums are expected to rise by 6% in 2026. This increase is a significant concern for both employers and employees, as it may lead to higher costs and reduced benefits. The survey, which was conducted by a reputable organization, gathered data from a large sample of employers and health insurance providers to forecast the upcoming trends in the health insurance market. The expected 6% increase in premiums is higher than the average...
Most Dutch parties propose returning dental care to basic health coverage
The Dutch healthcare system is considering a significant change, with most parties proposing the return of dental care to basic health coverage. Currently, dental care is not included in the basic health insurance package in the Netherlands, and individuals must purchase additional insurance or pay out-of-pocket for dental services. The proposal to include dental care in the basic health coverage is aimed at making healthcare more accessible and affordable for all citizens. Proponents argue...
Fire caused by gas leak from regulator in Bhopal claims lives, victims’ children to receive 10 lakh compensation after decade-long wait.
A significant verdict has been delivered by the District Consumer Disputes Redressal Commission in Bhopal, India, nearly a decade after a tragic gas cylinder accident claimed one life and injured several others. The incident occurred on April 15, 2015, when a gas leak from the regulator caused a fire at a residence in Sanjay Nagar, resulting in the death of 35-year-old Durgesh Gupta and injuring six other family members. Despite repeated requests, the family was not provided with insurance...
Tapan Singhel states that affordability is the key factor that will fuel growth over time.
The recent reduction of GST on health insurance policies to zero is expected to have a significant impact on the industry. According to Tapan Singhel, managing director and CEO of Bajaj Allianz General Insurance, the entire benefit of GST rationalization will be passed on to policyholders. This means that customers can expect an immediate reduction of 18% in their premium outgo for new purchases made on or after September 22, and for upcoming renewals. The reduction in GST will make health...
Tata AIA has introduced the Subha Maha life savings plan, a policy that prioritizes retirement income.
Tata AIA Life Insurance has introduced a new participating whole life savings plan called Shubh Maha Life. This non-linked insurance product is designed to provide high life cover during an individual's peak earning years, followed by tax-free retirement income. The plan's coverage is flexible and reduces during retirement as financial dependencies decline. It also offers lifetime income through equity participation investments. Shubh Maha Life is available in four packages: Gold, Plus, Gold...
The application deadline for 841 AAO and AE positions is today, prospective applicants can review the details.
Today, September 8, is the last day to apply for the posts of Assistant Administrative Officers (AAO) and Assistant Engineer (AE) on the Life Insurance Corporation of India's (LIC) official website, licindia.in. The recruitment drive aims to fill a total of 841 vacancies, including 350 AAO Generalist posts, 81 AE Specialist posts, and 410 AAO Specialist posts. The selection process will consist of a Preliminary exam, which is scheduled to take place on October 3. Admit cards for the exam will...
Not SIPs, here’s what Edelweiss’ Radhika Gupta thinks you should spend money on, ‘I always tell everyone, take time to…’
Radhika Gupta, the Chief of Edelweiss Mutual Fund, has taken to social media to advocate for a balanced approach to spending and saving. While her role involves promoting Systematic Investment Plans (SIPs), she emphasizes the importance of enjoying the fruits of one's hard work. In a post on X (formerly Twitter), she wrote in both Hindi and English, encouraging individuals to find a middle ground between saving and spending on things that bring them joy. Gupta acknowledged that her job is to...
As health insurers and hospitals engage in disputes, policyholders seek protection.
The healthcare industry in India is experiencing a tumultuous period, with hospitals and insurers at odds over treatment tariffs and empanelment terms. Recently, the Association of Healthcare Providers of India (AHPI) advised its member hospitals to suspend cashless insurance services provided by Bajaj Allianz General Insurance, citing disagreements over hospital reimbursement rates. Although the issue has been temporarily resolved, similar disputes continue to arise, leaving policyholders...
UIIC AO Result 2024 for Written Exam Declared: Check Roll Numbers Now at uiic.co.in
The United India Insurance Company Limited (UIIC) has released the results for the Administrative Officer- Scale I (Generalists and Specialists) 2024 written examination. Candidates who took the online exam on December 21, 2024, can now check their results on the official UIIC website at uiic.co.in. To access the results, candidates can follow these steps: 1. Visit the UIIC website at uiic.co.in 2. Click on the recruitment link on the home page 3. Click on the UIIC AO Result 2024 link for the...
Bajaj Group has received approval from the Competition Commission of India (CCI) to acquire Allianz’s 26% stake in their insurance joint ventures for Rs 24,180 crore.
The Bajaj Group has received approval from the Competition Commission of India (CCI) to acquire Allianz's 26% stake in their insurance joint ventures. The acquisition is valued at Rs 24,180 crore. This move is expected to give Bajaj Group full control over the insurance businesses, which include Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance. The joint ventures were established in 2001, with Bajaj Group holding 74% stake and Allianz holding 26%. Over the years, the insurance...
Royal Sundaram Marks 25 Years of Trust, Care, and Innovation in Insurance
Royal Sundaram General Insurance Co. Limited, India's first private sector general insurer, is celebrating its 25th anniversary. The company has come a long way since its inception in 2000, with a consistent commitment to simplifying insurance and making it more accessible. Over the years, Royal Sundaram has introduced several industry-first initiatives, including bancassurance partnerships and digital-first platforms, to make customer interactions seamless. The company has protected over 2...
New Jersey state worker health benefits are set to undergo a significant change as Governor Murphy plans to repeal a requirement that would cut $100 million from the state worker health benefits program.
On April 21, 2025, union members gathered at the Statehouse annex in Trenton, New Jersey, to demand action from the government. The unions, which represent approximately 75,000 public sector workers in the state, called for legislation to ensure affordable healthcare and improved governance and transparency within the public sector workforce. After two months of intense negotiations, an agreement was reached between Governor Phil Murphy and public labor union leaders. The compromise, announced...
To boost the resale value of a home in 2025, consider the following strategies:
- Renovate and Update: Focus on modernizing the kitchen and bathrooms, as these areas tend to have the greatest impact on potential buyers. Update fixtures, appliances, and countertops to create a fresh and contemporary look.
- Energy Efficiency: Invest in energy-efficient features such as solar panels, double-glazed windows, and insulation to reduce energy consumption and attract eco-conscious buyers.
- Smart Home Technology: Integrate smart home devices, such as thermostats, lights, and security systems, to make the home more convenient and appealing to tech-savvy buyers.
- Outdoor Living Spaces: Create inviting outdoor areas, including patios, decks, and gardens, to expand the living space and enhance the home’s curb appeal.
- Sustainable and Durable Materials: Use sustainable and durable materials, such as reclaimed wood, bamboo, and low-maintenance siding, to reduce waste and appeal to buyers seeking environmentally friendly features.
- Neutral Color Schemes: Apply neutral color schemes and minimal decor to create a blank canvas, allowing potential buyers to envision themselves living in the space.
- Improve Curb Appeal: Enhance the home’s exterior by maintaining a well-manicured lawn, trimming trees and shrubs, and adding decorative elements, such as planters and welcome mats.
- Increase Natural Light: Install larger windows, skylights, or solar tubes to maximize natural light and create a brighter, more welcoming atmosphere.
- Storage and Organization: Incorporate ample storage and organization systems, such as custom closets and built-in shelving, to help buyers envision a clutter-free and functional living space.
- Professional Staging: Hire a professional home stager to showcase the home’s best features, highlight its potential, and create an emotional connection with potential buyers.
Boosting the resale value of a home is crucial for homeowners who plan to sell their property in the future. Making smart decisions and investments in the home's appearance and structure can pay off in the long run. A well-maintained and appealing home can attract potential buyers and increase its resale value. Here are some ways to increase the resale value of a home: Firstly, enhancing curb appeal is essential. This can be achieved by landscaping, exterior maintenance, and entryway upgrades....