TCS Strengthens Partnership with Aviva UK to Enhance Life and Pensions Customer Experience – FF News | Fintech Finance

Tata Consultancy Services (TCS) has expanded its partnership with UK-based investment firm Aviva, taking on the management of an additional 1.1 million policies.

by | Jan 10, 2026 | Aviva Life Insurance, Insurance, Tata AIA

Tata Consultancy Services (TCS) has strengthened its partnership with UK-based investment firm Aviva to manage an additional 1.1 million policies. This expansion is part of a long-standing relationship between the two companies, with TCS already handling a significant...

The Insurance Amendment Bill has been passed, and this development is set to bring about significant changes that will impact policyholders. The amendments introduced by the bill are designed to strengthen the regulatory framework of the insurance sector, enhance customer protection, and promote transparency and accountability among insurance providers.One of the key changes brought about by the bill is the enhancement of policyholder protection. The amendments aim to ensure that policyholders are treated fairly and that their rights are protected. This includes provisions for clearer and more transparent policy documentation, ensuring that policyholders understand what they are covered for and what exclusions apply.Another significant aspect of the bill is the introduction of stricter regulations for insurance companies. The amendments impose stricter capital adequacy requirements, designed to ensure that insurance companies have sufficient financial resources to meet their obligations to policyholders. This move is intended to enhance the stability of the insurance sector and reduce the risk of insurer insolvency.The bill also introduces measures to improve the dispute resolution process for policyholders. The amendments provide for a more efficient and cost-effective mechanism for resolving disputes between policyholders and insurance companies, aiming to reduce the time and expense associated with legal action.Furthermore, the Insurance Amendment Bill promotes greater transparency and disclosure by insurance companies. The amendments require insurance companies to provide policyholders with more detailed information about their policies, including terms and conditions, premiums, and claims procedures. This increased transparency is expected to empower policyholders to make more informed decisions about their insurance coverage.The passing of the Insurance Amendment Bill is a significant development for the insurance sector, and its impact will be closely watched by policyholders, insurance companies, and regulatory bodies alike. As the amendments come into effect, policyholders can expect to see changes in the way insurance companies operate, with a greater emphasis on transparency, accountability, and customer protection.

by | Jan 10, 2026 | Insurance

The Lok Sabha has passed the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, which aims to improve the insurance sector by allowing up to 100% foreign direct investment (FDI). The government believes that this move will increase competition, capital...