Insurance Industry News
EPFO directs Bajaj Allianz Life Insurance to pay ₹121-crore default
The EPFO’s regional provident fund commissioner held that the insurance major had split up salary components into various perks to avoid paying provident fund dues.
2 min read30 Nov 2024Allianz SE in talks to exit both insurance joint ventures with Bajaj Finserv
Allianz has said that given its strategic priorities, it is considering an exit from the life and general insurance joint ventures, Bajaj Finserv told the exchanges on Tuesday, adding that Allianz has said it remains “committed to the Indian insurance market”.
3 min read22 Oct 2024CVS Rises After Report of Meeting With Investor Glenview
CVS Health Corp. shares jumped after a report that executives will meet Monday with investor Glenview Capital Management on how it can improve operations amid a long drop in share value.
2 min read1 Oct 2024After $70 Billion Hit, Insurers Wake Up to New Patterns of Risk
The insurance industry is grappling with a new kind of weather risk that’s increasingly driving its biggest losses.
1 min read25 Jan 2024Child investment plans: Exploring tailored investment plans for kids
Child investment plans ensure financial security and future stability for children. Guaranteed plans offer steady returns, while Unit Linked Insurance Plans combine regular premiums with market-linked investments.
1 min read30 Nov 2023Homeowners Flock to Last-Resort Insurance Policies
Hundreds of thousands of people nationally are signing up with state insurers of last resort as home insurers pull back from disaster-prone areas.
5 min read4 Oct 2023Coforge, Newgen plan to offer new solutions to insurance cos
The partners will use the low-code platform to deliver solutions in insurance lifecycle management including CCM and DCM.
1 min read25 Sep 2023Running from cover: Why Star Health is under fire
The health insurer has faced a deluge of complaints —more than any other insurer—for rejecting policyholders’ claims
12 min read26 Oct 2023Curb Your AI Enthusiasm: Just Look at the Insurtech Carnage
Takeover hopes at embattled car insurer Root shouldn’t obscure a broader message for investors: Many traditional industries are impervious to technological revolutions
3 min read29 Jun 2023Great strides made in insurance, but there is still a long way to go
Over years, the changes may be significant; policyholders are not aware of these changes and learn about them when they file a claim.
1 min read27 Jun 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared