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News
India Post Payments Bank rolls out offerings for merchant payments, insurance and mutual funds platforms
4+ hour, 17+ min ago (346+ words) The India Post Payments Bank (IPPB) has launched three digital offerings for payments for merchants, insurance, and mutual funds on the occasion of its 9th foundation day. The Ministry of Communication on Tuesday (Sept. 1) issued an official release, stating, "Together, these…...
Healthify merges with US nutrition care firm Berry Street, to build insurance-covered AI health platform
1+ week, 1+ day ago (821+ words) Khosla Ventures-backed Healthify has merged with US nutrition care company Berry Street in a stock-linked merger of equals, bringing together Healthify’s AI technology and Berry Street’s insurance and clinical infrastructure in the US. The combined company will operate as the…...
Karnataka to set up state motor insurance corporation to cut costs, simplify claims
2+ week, 4+ day ago (242+ words) Announcing the move in his Independence Day address, Chief Minister DK Shivakumar said: “The rising cost of motor vehicle insurance and the difficulty of obtaining insurance claims in the event of an accident have become a major challenge for ordinary…...
Bima Bharosa: Know your insurance grievance route before giving up on a claim
2+ week, 4+ day ago (254+ words) Insurance policyholders facing rejected claims, delays, mis-selling or unresolved service issues have a defined grievance redressal route, with the insurer’s grievance officer serving as the first point of contact and IRDAI’s Bima Bharosa portal providing the next level of escalation....
Bajaj General Insurance, Swiss Re partner to explore commercial insurance business in India
3+ week, 6+ day ago (240+ words) Bajaj General Insurance has signed a memorandum of understanding (MoU) with Swiss Re Corporate Solutions on August 6 to explore a commercial insurance partnership in India. Under the proposed collaboration, the two companies plan to develop structured insurance solutions for the…...
Prudent Insurance Brokers preparing for IPO, listing to happen at 'right time': Joint MD Pavanjit Singh Dhingra
1+ mon, 2+ day ago (472+ words) Prudent Insurance Brokers has begun laying the groundwork for an initial public offering (IPO) and will tap the public markets when the timing is right, Joint Managing Director Pavanjit Singh Dhingra said. The commercial insurance broker has already reached the…...
Bajaj Finserv Q1 net profit rises 18% YoY to Rs 6,297 crore; board approves plan to pursue re-insurance business
1+ mon, 2+ day ago (403+ words) Bajaj Finserv reported an 18 percent year-on-year increase in net profit for the first quarter of FY27, supported by healthy growth in net interest income. Separately, the company's board approved a proposal to pursue the re-insurance business through a new subsidiary, subject…...
We are investing in services like roadside assistance and garages to make insurance more convenient: ACKO CEO
1+ mon, 2+ day ago (1369+ words) India's insurance industry had a good FY25 by the usual yardsticks. Premiums grew, the market widened, and buying a policy got faster and more digital than ever. Yet on the measure that reflects what customers actually feel, it went backwards: complaints…...
Over 60% of our motor insurance business comes from renewals: ACKO CEO
1+ mon, 2+ day ago (1342+ words) India's insurance industry had a good FY25 by the usual yardsticks. Premiums grew, the market widened, and buying a policy got faster and more digital than ever. Yet on the measure that reflects what customers actually feel, it went backwards: complaints…...
M Pallonji backed Protec General Insurance secures IRDAI's R2 approval
1+ mon, 3+ day ago (494+ words) Protec General Insurance, the proposed general insurance venture backed by M Pallonji Group, has received the Insurance Regulatory and Development Authority of India's (IRDAI) R2 approval, according to a statement released by IRDAI. The approval, granted at the regulator's meeting in…...