insurance
Finance Minister Nirmala Sitharaman invited Swedish firms to invest in infrastructure development projects. (Photo: File)
Government open to further reforms: FM Nirmala Sitharaman
03 Dec 2019 12:36 PM

Govt is committed for further reforms in sectors such as banking, mining, insurance among others said FM Sitharaman.

Finance Minister Nirmala Sitharaman. (Photo: File)
Govt mulls raising insurance cover on bank deposits to above Rs 1 lakh: FM
15 Nov 2019 7:21 PM

At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and credit Guarantee Corporation.

If you follow the wellness regime, you could get be rewarded with discounts on premium or an increase in the sum insured at the time of renewing your policy.
Health insurers may offer you fitness goodies
09 Nov 2019 1:37 AM

Insurers will not be allowed to promote products or services of any particular third party service provider.

Uber, which operates in over 40 Indian cities, has partnered with Bharti AXA to provide insurance to car rides and with TATA AIG for auto and moto rides. (Photo: File)
Uber to offer accident insurance to riders
25 Sep 2019 6:56 PM

Riders will be insured for up to Rs 5 lakh in case of accidental death or disability and up to Rs 2 lakh for hospitalisation.

Modifications also could be made on addition of approved standalone riders or add-ons to the approved individual health insurance products, minor changes in policy wordings, change in the name of the approved product, change in sum insured options made available to policyholder within the sum insured range filed and decrease in minimum and / or increase in maximum premiums and maximum entry age.
Insurance policies become flexible
25 Sep 2019 2:07 AM

Premium table can be extended, list of day care procedures can be expanded and critical Illnesses covered can be added.

According to Fitch Ratings more international companies are likely to enter the fast-expanding Indian market. The proposal comes at time when other countries in the region are planning to lift restrictions on foreign ownership in their insurance markets.
More insurance brokers to invest in India: Fitch
16 Jul 2019 2:05 AM

According to Fitch Ratings more international companies are likely to enter the fast-expanding Indian market.

In the farming category, the bank proposes to offer products such as agri crop loan, farm machinery, equipment seeds and fertilisers.
Bank of Baroda to foray into e-commerce business
11 Jul 2019 3:14 PM

The bank said it will offer various kinds of banking services and farm-related products on its e-commerce platform.

In 2011, Axis Bank acquired 4 per cent stake in Max Life for an undisclosed value.
No proposal with Irdai for 10 per cent stake sale in Max Life to Axis bank: MFS
09 Jul 2019 3:38 PM

During 2018-19, Max Life recorded gross written premium of Rs 14,575 crore.

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