To take special care of health and motor insurance requirements of rural India. Mahindra Insurance Brokers (MIBL), a subsidiary of Mahindra & Mahindra Financial Services (Mahindra Finance), today reported its partnership with BigHaat, India’s leading Agri Digital Platform. This partnership will offer financial solutions for the casual Agri segment of India’s workforce. In addition, Mahindra … Read more
According to the Motor Vehicle Act, driving a car without insurance is illegal. Motor insurance provides consumers financial cushion in case of a significant accident, theft or damage to the vehicle caused by a natural calamity or any other reason. In the last two years, people have restricted their travel because of subsequent Covid lockdowns … Read more
Tata AIG General Insurance Company, a subsidiary of Tata Sons, has exited the race to buy the general insurance arm of Reliance Capital, Reliance General INSURANCE PROVIDER (RGICL), following the delayed sale and in light of a rule that the business will have to bid for few other companies along with other bidders as partners. … Read more
Liberty General Insurance (LGI) has entered into a corporate agency agreement with Peerless Financial Products Distribution Ltd (PFPDL) to permit its distribution of retail and commercial products through the latter’s comprehensive network of 42 branches in the united states. The company said in its media release. LGI is a joint venture between Liberty Citysta … Read more
After obtaining the green signal from the Centre, the Maharashtra government has chosen to execute the Pradhan Mantri Fasal Bima Yojana (PMFBY) in the arrangement of what’s known as the “Beed Model”.. The model, which was first experimented on Beed, entails insurance firms returning a portion of the premium collected in the event compensation payout … Read more
You can always add a super top-up health insurance plan to your existing medical health insurance cover, but as with any other health plan, buying one will involve considering factors such as your age, medical history and current health conditions. One of the many things persons usually ask is whether they will get a super … Read more
The Securities and Exchange Board of India (Sebi) has banned asset management organizations (AMCs) from offering bundled insurance products with their mutual fund plans. In a 17 June letter, which was addressed to the Association of Mutual Funds in India (Amfi), the markets regulator saw that a portion of the AMCs are proposing to introduce … Read more
The fishermen (machhua) community will get free accident insurance under the Pradhan Mantri Matsya Sampada Yojna. The registration for the scheme has started in the state. It is a free insurance scheme where no premium is charged to beneficiaries aged 18 to 70 years. The coverage includes Rs 5 lakh against accidental death or prolonged-lasting … Read more
Shares of the country’s most significant insurer Life Insurance Corporation (NS: LIFI), have already been on a correction slide since its listing on the India good bourses on May 17, 2022, at a 9% discount. Currently trading 0.3% higher at Rs 656.5 apiece, LIC’s shares have plummeted 30.8% per month compared to its IPO issue … Read more
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