The FinTech Hub
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Source: Live Mint Tata AIG General Insurance has withdrawn its ‘Medicare Protect Plan’ with effect from September 5.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…
Source: Business Standard 3 min read Last Updated : Sep 10 2024 | 11:20 AM IST SBI Life Insurance has been fined Rs 1 crore by the industry regulator for alleged violations in its dealings with insurance web aggregators and outsourcing practices. What is the case? The Insurance Regulatory and…
Source: Business Standard The newly-launched “Special Care Gold” policy offers tailored health coverage for people with disabilities. | Representative Picture 2 min read Last Updated : Sep 05 2024 | 1:27 PM IST Star Health and Allied Insurance, a health insurance provider, has introduced an insurance policy in Braille, according to a statement from…
Source: Business Standard Illustration: Ajay Mohanty 2 min read Last Updated : Sep 05 2024 | 8:28 PM IST The Insurance Regulatory and Development Authority of India (Irdai) on Thursday asked insurance companies to enable their IT systems to interact with Digilocker, allowing policyholders to use the service effectively. In its Master Circular…
[bs_credit] 4 min read Last Updated : Sep 06 2024 | 4:05 PM IST The Insurance Regulatory and Development Authority of India (IRDAI) has issued a master circular aimed at enhancing the rights and protections for health and life insurance policyholders. Released on September 5the circular has regulations on claim settlements, customer information sheets,…
/cdn.vox-cdn.com/uploads/chorus_asset/file/25420631/Screen_Shot_2024_04_26_at_1.29.30_PM.png?w=400&resize=400,250&ssl=1 "Eken hit with $700K fine for putting an inactive address on FCC filings")