Suresh Mathur head of IRDA committee to review microinsurance framework

The Insurance Regulatory and Development Authority of India (IRDAI) has recently constituted a 13-member Committee to review the regulatory framework on microinsurance and recommend measures to increase the demand for such products. . The committee, under the chairmanship of IRDAI Executive Director Suresh Mathur, has been tasked with suggesting product designs with customer-friendly underwriting, including ..

Topics: Economy • Insurance • Insurance In India • Insurance Regulatory and Development Authority • Microinsurance • Poverty • Service industries • Underwriting

Bajaj Allianz unveils Total Health Secure Goal Plan

Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance has collaborated to launch their first product ‘Total Health Secure Goal’. This new insurance product is a combination of two existing plans – Health Guard policy by Bajaj Allianz General Insurance, and iSecure from Bajaj Allianz Life Insurance. A customer can choose the option between a ..

Topics: Bajaj Allianz General Insurance • Bajaj Allianz Life Insurance • Bajaj Group • Economy • Finance • Insurance • Life Insurance • Service industries • Types of insurance • Unit-linked insurance plan

RBI permits Reinsurance brokers to open Foreign Currency accounts

RBI has permitted Reinsurance brokers to open non interest bearing foreign currency accounts with banks for undertaking transactions. Earlier, the Insurance Regulatory and Development Authority of India (IRDAI) had issued notification and then RBI issued Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 – Opening of Foreign Currency Accounts by ..

Topics: Bank • Broker • Economy • Finance • Foreign Exchange Management Act • Insurance • Insurance In India • Insurance regulation • Insurance Regulatory and Development Authority • Legality of bitcoin by country or territory • Money

Alice G. Vaidyan honored with the Freedom of the City of London

Alice G. Vaidyan, the CMD of the General Insurance Corporation (GIC) of India, has been awarded the Freedom of the City of London in recognition of her work to promote insurance ties between India and the UK. The Freedom of the City of London dates back to the 13th century and has since developed into ..

Topics: Economy • Finance • Financial centre • Freedom of the City • GIC • Insurance • London • Money

ICICI Lombard and Mobikwik collaborates to provide Insurance cover of Rs 50,000

ICICI Lombard and Mobikwik has announced a partnership to avail cyber-insurance cover of Rs 50,000 crore to defend against online frauds. This partnership aims to provide protection against unauthorised and fraudulent transactions online, across bank accounts, debit/credit cards and mobile wallets. This cyber-insurance can be availed digitally through an app at only Rs 99 per ..

Topics: CNX Nifty • Cyber insurance • E-commerce • Economy • Finance • Financial services • ICICI Bank • ICICI Lombard • Insurance • MobiKwik • Money • Wallet