Tata AIA has launched two new funds that aim to capitalize on India’s expanding consumer market.
Tata AIA Life has introduced two new funds: the Tax Bonanza Consumption Fund and the Tax Bonanza Consumption Pension Fund. These funds are designed to capitalize on the changing consumption patterns in India, which have been driven by urbanization and increasing income levels. The funds will be open for subscription from March 24 to March 31, 2025, with each unit priced at Rs 10. India's consumption trends have undergone a significant transformation in recent years. The country's growing...
Beginning next month, Bajaj Allianz will no longer offer cashless treatment, and CARE Insurance has also received a notice, according to the Association of Healthcare Providers India (AHPI).
The Association of Healthcare Providers-India (AHPI) has directed its member hospitals in north India to suspend cashless treatment facilities for Bajaj Allianz General Insurance policyholders starting September 1, 2025. A similar notice has been sent to CARE Health Insurance, with a deadline of August 31, 2025, for a response. If no response is received, AHPI will also suspend cashless treatment facilities for CARE policyholders. This means that policyholders will have to pay for medical...
Niva Bupa has dismissed as baseless a viral social media post claiming the insurer denied a policyholder’s cashless claim.
A viral social media post on LinkedIn claimed that Niva Bupa Health Insurance had denied a cashless claim of Rs 61 lakh for a policyholder, Chandra Kumar Jain, who is battling Myeloid Leukaemia and requires a Bone Marrow Transplant (BMT) at Sir HN Reliance Foundation Hospital in Mumbai. However, Niva Bupa has clarified that the allegations are "baseless" and that the company had already approved a pre-authorisation cashless request of Rs 25 lakh, as well as an additional charge of Rs 77,000....
LIC is reportedly making an entry into the health insurance market by acquiring a stake in ManipalCigna.
According to a recent report, Life Insurance Corporation of India (LIC) is considering a foray into the health insurance market by acquiring a stake in ManipalCigna Health Insurance Company. This move is seen as a strategic expansion of LIC's business portfolio, which currently dominates the life insurance market in India. ManipalCigna Health Insurance is a joint venture between Manipal Group and Cigna Corporation, a global health insurance company. The company offers a range of health...
Aviva is actively seeking to improve long protection application turnaround times for complex cases.
Aviva, an insurance company, has announced that it is working to improve the turnaround times for protection applications that require underwriting and a GP report. This comes after an adviser revealed that one particular application was expected to take 39 working days to be assigned to an underwriter. According to Daren Boys, Aviva's protection portfolio distribution director, over 80% of protection applications are still being processed efficiently through the company's straight-through...
PNB MetLife has introduced the Value Fund, a financial product designed to help investors create long-term wealth by leveraging the principles of value investing.
PNB MetLife has launched a new Value Fund, offering investors an opportunity to build long-term wealth through value investing. This approach focuses on identifying fundamentally strong companies that are available at attractive prices due to market neglect or cyclical downturns. The fund aims to deliver long-term capital growth by investing in undervalued companies with solid fundamentals. The PNB MetLife Value Fund offers several benefits, including long-term wealth creation, active fund...
California is preparing for a potential health insurance crisis.
California is facing a potential health insurance meltdown due to a combination of factors, including rising healthcare costs, changes in federal funding, and a surge in enrollments in the state's health insurance marketplace, Covered California. The state's health insurance market is at risk of destabilization, which could lead to higher premiums, reduced coverage options, and decreased access to healthcare for thousands of Californians. One of the primary concerns is the pending expiration...
Max Healthcare: No cashless claims for Tata AIG health insurance policyholders in Max Hospitals, becomes 3rd insurer to do so.
Tata AIG Insurance has suspended its cashless claim settlement facility with Max Hospitals, following in the footsteps of Star Health and Niva Bupa. This means that policyholders of these insurance companies will no longer be able to receive cashless treatment at Max Hospitals, and will instead have to pay out of pocket and claim reimbursement later. While Star Health and Niva Bupa have suspended cashless claim settlement with all 22 Max Hospitals across the country, Tata AIG's suspension is...
We strive to make insurance relevant, personal, and accessible to every household, says HDFC Life’s ED-CBO
HDFC Life, a leading life insurance company in India, has witnessed broad-based growth across Tier 1, 2, and 3 cities, driven by higher policy sales and rising average ticket sizes. The company has a diversified product portfolio, including ULIPs, savings, protection, annuity, and group retirements, and is innovating with embedded products and term plans with return of premium. Vineet Arora, Executive Director and Chief Business Officer, HDFC Life, stated that a balanced portfolio and...
Chola MS Launches #SimpleHai Campaign to Simplify Insurance Processes
Cholamandalam MS General Insurance, a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group, has launched a new digital campaign called #SimpleHai. The campaign aims to shift the conversation around insurance from complexity to simplicity, encouraging people to stay insured and protected with confidence. It includes a series of films that use everyday life moments to show how insurance can be simple, transparent, and digitally powered. The campaign draws inspiration...
Posterscope India brings HDFC ERGO to the heart of Mumbai’s daily commute
HDFC ERGO General Insurance has launched an innovative Out-of-Home (OOH) campaign in collaboration with Posterscope India, aiming to integrate the brand into the daily routines of Mumbai commuters. The campaign transforms everyday travel stops into reminders of security, trust, and presence, connecting with people at moments that matter most. The initiative, executed by Posterscope India, focuses on premium locations with high office-goer traffic and long dwell times. The Airport Road Metro...
Aviva has revealed that approximately five million Brits fail to secure their sheds and outbuildings, leaving them unprotected and vulnerable to theft.
A recent survey conducted by Aviva found that nearly three in 10 UK residents have experienced an attempted or actual break-in to their shed or outbuilding. Despite this, one in eleven people do not take measures to protect their shed or outbuilding, which is equivalent to around five million Brits. The survey also revealed that two-thirds of those who had their shed or outbuilding broken into also experienced a break-in or attempted break-in at their home. The average claim for outbuilding or...
15,200 hospitals have suspended cashless treatment for Bajaj Allianz policyholders due to unresolved issues.
The Association of Healthcare Providers India (AHPI) has expressed concerns over the reimbursement rates offered by Bajaj Allianz, a health insurance provider. Dr. Girdhar Gyani, Director General of AHPI, stated that the current rates are outdated and unsustainable, which may compromise patient care. The key issues raised by hospitals include outdated reimbursement rates, unilateral deductions, and delayed payments and approvals. Hospitals allege that Bajaj Allianz has refused to update...
Edelweiss Financial launches ₹3,000 million NCD issue with yields up to 10.25%
Edelweiss Financial Services Limited (EFSL) has announced the launch of a public issue of secured, redeemable non-convertible debentures (NCDs) worth up to ₹3,000 million. The issue consists of a base size of ₹1,500 million with a green-shoe option to retain an additional ₹1,500 million. The NCDs will be offered in 10 series with fixed coupon rates and tenures ranging from 24 to 120 months. Investors can choose from annual, monthly, or cumulative interest options, with effective annual yields...
AHPI requests Star Health to reinstate cashless services at hospitals
The Association of Healthcare Providers of India (AHPI) has expressed concerns over the suspension of cashless treatment by Star Health Insurance in several hospitals. According to AHPI, cashless services have been disrupted in numerous hospitals, including Care Hospitals in Vizag, Manipal in Delhi and Gurugram, and Max in North India. Other hospitals such as Metro in Faridabad, Medanta in Lucknow, Rajiv Gandhi Cancer Hospital in New Delhi, Sarvodaya in Faridabad, and Yatharth Hospitals have...
PNB MetLife has consolidated its creative mandate with Cheil X India.
PNB MetLife India Insurance has made a significant change in its marketing strategy by consolidating its integrated creative agency account with Cheil X India. This decision comes after a competitive pitch process that involved multiple agencies, including incumbent ones. The move aims to unify the company's brand narrative in the highly competitive insurance market. Prior to this, PNB MetLife had multiple agencies handling its creative mandate. However, with the consolidation, Cheil X India...