The FinTech Hub
Source: Live Mint “My two claims got rejected in a span of one year. The ombudsman issued an award in my favour in the first one, but when they discovered that a company had helped me out in the first claim, they did not hear my case and passed the award against me in the…
Source: Live Mint Selecting an insurance plan can be a hassle. You need to choose the insurance company and then the insurance product. Certain ratios play a key role when comparing insurers. We list the best insurers in terms of different ratios, along with brokers’ ratings depicting their experience of working with insurers, based on…
Source: Live Mint Kerala-based Ajit Kumar (53) did the same despite having no issues with his existing insurer. A call from the online insurance broking platform Policybazaar nudged him to port the policy. “I had HDFC Ergo Optima Secure for the last 10-11 years, during which I never made a claim, but my premium had…
Source: Live Mint Stock market today: Insurance company shares, such as those of SBI Life Insurance Co. Ltd, HDFC Life Insurance Co. Ltd, and ICICI Prudential Life Insurance Co. Ltd, fell in Thursday’s session due to the Insurance Regulatory and Development Authority of India (IRDAI) concerns over the Bancassurance policy. However, the state-owned insurance giant…
Source: Live Mint Nitin Sawant, founder of NS Wealth, a Sebi-registered investment advisory firm, secured final approval from the Reserve Bank of India (RBI) on 28 October to launch an account aggregator (AA) platform under his new venture, OMS Fintech Account Aggregator. This initiative aims to provide a consumer-focused AA service. Sawant, who began his…
Source: Live Mint These modifications follow the Insurance Regulatory and Development Authority of India’s (Irdai) master circular on life insurance products (Insurance Products Regulations, 2024). Key changes include reducing the entry age to buy an endowment plan to 50 years from 55. The minimum basic sum assured has been increased to ₹2 lakh from ₹1…
Source: Business Standard 3 min read Last Updated : Oct 01 2024 | 2:03 PM IST From 1 October 2024, a policyholder will get a higher refund if he exits his life insurance policy during the initial years.This is expected to provide greater flexibility and liquidity for life insurance customers who want to switch policies….
Source: Business Standard 3 min read Last Updated : Sep 13 2024 | 7:48 PM IST The Insurance Regulatory and Development Authority of India (Irdai) recently issued a master circular stating that policies should only be split at the customer’s request and with their consent. No additional fees, charges, or commissions should be imposed…
Source: Live Mint Tata AIG General Insurance has withdrawn its ‘Medicare Protect Plan’ with effect from September 5. The move will not impact customers who have to renew their policies within 90 days from the date of the withdrawal of the product. Tata joins SBI and HDFC Ergo, which announced withdrawal of its health insurance…
Source: Business Standard 3 min read Last Updated : Sep 10 2024 | 4:26 PM IST Shares of insurance companies, including life and general insurance forms, were trading weak on profit booking, falling by up to 4 per cent on the BSE in Tuesday’s intra-day trade in an otherwise firm market. HDFC Life Insurance…
