Insurers, customers to benefit from change in policy wordings
The decision of insurance regulator IRDAI to allow general insurers to change the wordings in all corporate policy documents, except motor third party, is expected to lead to a sea change in the way insurance policies are issued, insurance officials said.

Ageing India gets Ayushman Bharat cover guarantee for senior citizens above 70
The Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PMJAY), the flagship health care insurance scheme of the Bharatiya Janata Partyled central government (launched in September 2018) is likely to see an expansion in scope, covering all citizens above the age of 70 and the transgender community if the party returns to power this year.

Unhappy with your non linked policy? Consider early surrender
InDecember 2023, the Insurance Regulatory and Development Authority of India ( Irdai) issued an exposure draft on the surrender value of nonlinked insurance policies.

LIC sees 59% jump in value of investments in Adani stocks
New Delhi: LIC, the State-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani Group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by a damning short seller report.

Digital tech a significant driver in general insurance, says Tapan Singhel
General insurers are anticipating operational guidelines from the insurance regulator on expanding the last mile reach, with IRDAI having introduced regulations on social and rural obligations.

´ Target ₹ 6,000 cr GWP for FY25´
Source Credit: Business Standard

Our plans to grow the distribution will be in line with our ambition of achieving 20 per cent growth going forward.

Health insurance claim assistance platform ClaimBuddy raises $5 million
Health insurance claim assistance platform ClaimBuddy has raised a $5 million investment, marking the successful closure of its Series A funding. The funding round was led by Bharat Innovation Fund (BIF), and saw participation from Japanese fund CAC Capital, along with existing investors Chiratae Ventures and Rebright Partners.

Tata Mutual Fund launches the Tata Nifty Financial Services Index Fund; all you need to know
Tata Mutual Fund announced the launch of the Tata Nifty Financial Services Index Fund. The scheme opened for public subscription on April 08, 2024, and will close on April 22, 2024. The scheme re-opens for ongoing sale and repurchase on April 30, 2024.

Best mutual funds: These 6 focussed schemes gave over 17 percent annualised returns in past 5 years
If you plan to invest in a mutual fund scheme and are clueless as to where should you invest then you are not alone. It is natural to be in a dilemma over opting for one scheme over the other, particularly when all appear similar, if not the same.

Bandhan Mutual Fund launches Bandhan Innovation Fund; all you need to know
Bandhan Mutual Fund announced the launch of the Bandhan Innovation Fund, an open-ended equity scheme following a sectoral or thematic theme.

Quantum MF asks ICICI Bank to stall ICICI Sec delisting over irregularities

It has asked ICICI Bank to “refrain from taking any further steps or do any act towards implementation of the scheme of merger..failing which we will adopt appropriate legal proceedings including filing applications before the NCLT and other regulatory bodies."

FPIs infuse over ₹13,300 crore in equities in April so far amidst bullish economic outlook
New Delhi: Foreign investors have infused over ₹13,300 crore in Indian equities in the first two weeks of the month owing to a resilient domestic economy with promising growth prospects.