Insurance company can’t deny claim if someone gets delay in filing: Supreme Court

This is one of the best announcement done by Supreme Court that people don’t have to suffer anymore with their insurance policy while claiming even if there is a delay. There has been an on-going issue while claiming insurance policy if there is a delay due to any reason. Supreme Court has also said that …

HDFC Life, Apollo Munich team up for dual cover

This is just great news for all of us that HDFC Life insurance and Apollo Munich Health have decided to launch a plan “Click2Protect Health Plan”, which will provide both Life and health cover under a single plan. Both companies have combined their plan as below: The benefits of HDFC Life’s ‘Click2Protect 3D Plus (term) …

Partnership between A US small finance bank and Aditya Birla Health Insurance

AU small finance bank will be selling health insurance product of Aditya Birla Health Insurance as per their Agreement. The Bank (AU Small Finance Bank) said while regulatory filling that we have entered into the agreement with Aditya Birla Health Insurance Company Ltd (ABHICL) to act as a corporate agent for health insurance business. AU …

Reliance Capital is ready to be in health insurance firm

Reliance Capital Ltd, the non-banking finance company of the Reliance Anil Dhirubhai Ambani Group, is ready to be in health insurance firm soon, the company announced during its annual general meeting (AGM) on Tuesday (26th Sept.). Reliance Capital has already received initial approval from the insurance regulator and expects the new company to become operational …

UK’s Financial Conduct Authority Signs Agreement with Hong Kong Regulator

Two best and major Insurance regulator of the world has Signed a corporation agreement to strengthen the two sector’s ties and further support innovation in the financial technology (fintech) Sector. Yes, it’s true we are talking about two major insurance regulator, the Hong Kong Insurance Authority (IA) and the UK’s Financial Conduct Authority (FCA). The …

QIB supported SBI Life Insurance Company IPO oversubscribed 1.25 times

On the last day of subscription, SBI Life Insurance Company’s initial share sale offer has been fully subscribed on Friday. As per latest data of exchange, the 8,400-crore public issue has been oversubscribed 1.25 times. Except anchor investors’ portion, The Initial public offer has received bids for 11.01 crore shares against the IPO size of …

ICICI Lombard IPO (The initial public offer) subscribed 27% on Day 1

According to NSE data, The ICICI Lombard IPO received bids for 16,669,466 shares against the total issue size of 61,666,740. The initial share sale offer of ICICI Lombard General Insurance was subscribed 27% on the first day of the 3-day bidding on Friday. The qualified institutional buyer category was subscribed 62%, non-institutional investors 4% and …