Insurance Archives

29 Mar

Rs 2,00,000 crore worth unclaimed assets in India include equity shares, FD, bonds etc.

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Now Nominees Can Now Access Stocks And Mutual Funds Of Deceased Investors Via DigiLocker From April 1 Mumbai: According to media reports, there are Rs 2,00,000 crore worth unclaimed assets in India. These include equity shares, fixed deposits, bonds and other instruments. In most of the situations, where no body claims, the money flows into an investor protection fund. In another major move, the government has introduced a significant benefit for the nominees of deceased investors, allowing them to access the mutual funds and stocks of the deceased. Starting April 1, registered nominees will be able to retrieve information and…

27 Mar

Bank of India partners with The New India Assurance for Enhanced General Insurance Products

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#BankofIndiaTheNewIndiaAssurance Chandigarh: Bank of India, one of India’s leading public sector banks and New India Assurance Co. Ltd.(NIACL), India’s premier insurance company have entered into a strategic partnership on 24th March, 2025, at its Head Office in Mumbai to offer a wide range of general insurance products to the Bank’s customers. With this tie-up, Bank of India’s customers will have access to insurance solutions, including health, motor, personal accident, home, and commercial insurance products offered by NIACL, a systemically important insurance company. Speaking on the occasion, Shri Rajneesh Karnatak, MD & CEO, Bank of India, stated “The tie-up is a…

27 Mar

भारत से हेल्थ और टर्म इंश्योरेंस खरीदने वाले एनआरआई के लिए टैक्स डिस्काउंट के विकल्प मौजूद

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मोहाली: हेल्थ और टर्म इंश्योरेंस पॉलिसी आवश्यक सुरक्षा प्रदान करते हैं, जिससे ज़रूरत के समय बेहतर स्वास्थ्य सेवा और वित्तीय सुरक्षा प्राप्त होती है। भारतीय बीमा पॉलिसियों को और भी आकर्षक बनाने वाली बात यह है कि अन्य देशों की तुलना में अधिक किफायती, बेहतर कवरेज और टैक्स बेनिफिट आदि लाभ प्रदान करते है। भारत से इंश्योरेंस लेना सिर्फ परिवार की सुरक्षा के लिए ही आवश्यक नहीं है बल्कि यह एनआरआई के लिये वित्तीय रूप से एक स्मार्ट कदम है। सिद्धार्थ सिंघल, हेड-हेल्थ इंश्योरेंस, पॉलिसीबाजार डॉट कॉम ने कहा कि भारत में हेल्थ और टर्म इंश्योरेंस पर आम तौर पर…

25 Mar

81% of Indians Underestimate Their Life Cover Needs: Bajaj Allianz Life Survey

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#BajajAllianzLifeSurvey2025 · The actual coverage held by Indians was just 3.1 times their income, significantly below the industry-recommended 10x benchmark. · 1 in 3 Indians have never reviewed their life insurance coverage, even after major life events like marriage, childbirth, or income growth. · Despite inadequate coverage, 82% of Indians are confident that their life insurance will sufficiently secure their family's financial future Chandigarh: Bajaj Allianz Life Insurance, one of India’s leading private life insurers, has released a comprehensive study titled ‘Underinsurance Survey 2025’, conducted in collaboration with NielsenIQ. The survey covered 2,000 individuals across metro, tier 1, and tier…

24 Mar

18.19 lakh new workers enrolled under ESI Scheme in the month of January, 2025

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8.67 lakh young employees upto the age group of 25 years constitute new registrations 3.65 lakh female employees enrolled in the ESI Scheme 27,805 new establishments registered under ESI Scheme in the month of January, 2025 85 transgender employees registered under ESI Scheme in January, 2025 New Delhi: The provisional payroll data of ESIC reveals that 18.19 lakh new employees have been added in the month of January, 2025. 27,805 new establishments have been brought under the social security ambit of the ESI Scheme in the month of January, 2025 thus ensuring social security to more workers. Through the data, it…

20 Mar

Preserve wealth and manage inflation with ICICI Pru GIFT Select

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#ICICIPruGIFTSelect ICICI Pru GIFT Select, a product designed to provide guaranteed income while preserving wealth Chandigarh: In today’s uncertain economic environment, financial planning to ensure an additional income stream has become important which can aid individuals to manage rising inflation, navigate market fluctuations, and achieve financial goals. To meet this need individuals are looking for investment options which provide both safety of capital invested and growth. To fulfil this need, ICICI Prudential Life Insurance has launched a unique long-term savings product – ICICI Pru GIFT Select, a product designed to provide guaranteed income while preserving wealth. “Our goal is to…

13 Mar

TransUnion CIBIL and FACE Collaborate to Launch Consumer Education Initiative

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The collaboration aims to drive financial literacy and facilitate easy access to credit for consumers through customized content across multiple channels Chandigarh: TransUnion CIBIL and the Fintech Association for Consumer Empowerment (FACE) are partnering to promote financial literacy and credit awareness in India. The initiative, named CIBIL Jaagran, seeks to improve credit education and facilitate easy access to credit for consumers via FinTech solutions. Under the agreement, TransUnion CIBIL will provide knowledge and expertise and will develop co-branded and customized educational content. FACE, the Reserve Bank of India recognised Self-Regulatory Organization (SRO) in the FinTech sector, will work with its…

28 Feb

वित्तीय वर्ष 2024-25 के लिए ईपीएफ पर मिलेगा 8.25% की दर से ब्याज

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ईडीएलआई योजना में प्रमुख संशोधनों को अनुमति; इससे सदस्यों के परिवार को अधिक वित्तीय सुरक्षा और सहायता मिलेगी नई दिल्ली: वित्तीय वर्ष 2024-25 के लिए सीबीटी ने सदस्यों के खातों में ईपीएफ संचय पर 8.25% वार्षिक ब्याज दर जमा करने की सिफारिश की है। केंद्र सरकार द्वारा ब्याज दर को आधिकारिक रूप से अधिसूचित करने के बाद बाद ईपीएफओ ग्राहकों के खातों में ब्याज दर जमा करेगा। ये फैसला केंद्रीय श्रम एवं रोजगार तथा युवा कार्यक्रम एवं खेल मंत्री डॉ. मनसुख मांडविया ने आज नई दिल्ली में कर्मचारी भविष्य निधि (ईपीएफ) के केंद्रीय न्यासी बोर्ड (सीबीटी), की 237 वीं बैठक…

27 Feb

Bajaj Allianz Life Becomes the First Insurer to Go Live with Bima-ASBA Facility

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This milestone aligns with the Insurance Regulatory and Development Authority of India’s (IRDAI) Chandigarh: Bajaj Allianz Life, one of India’s leading private life insurers, has become the first insurer to go live with the BIMA- Application Supported by Blocked Amount facility (Bima-ASBA). This milestone aligns with the Insurance Regulatory and Development Authority of India’s (IRDAI) initiative to bring operational ease, enhance policyholder convenience, ensure greater transparency, and simplify the insurance premium payment process. Bima-ASBA is a significant step forward in making premium payments smoother and customer friendly. Under this IRDAI initiative, policyholders can opt for UPI’s One-Time Mandate (OTM) and…

21 Feb

One App: Unified Investor App will help track investments, shareholder resolutions, tax data

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A consolidated view of their financial data, including details on shareholdings, investments, and financial statements Mumbai: NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited), in collaboration with capital markets regulator Securities and Exchange Board of India (SEBI), have launched a mobile app Unified Investor Platform for investors to manage their portfolios. The new platform combines MyEasi by CDSL and SPEED-e by NSDL, to provide investors with a consolidated view of their financial data, including details on shareholdings, investments, and financial statements. According to NSDL, the platform is designed to streamline the fragmented financial information across various accounts,…