Currently, the consumer redressal system in the country is overseen by the sectoral regulators like Reserve Bank of India (RBI) in case of banks and Insurance Regulatory and Development Authority of India (IRDAI) in case of insurance grievances

The Insurance Regulatory and Development Authority of India (Irdai) had issued MISP guidelines in 2017 with the intention of streamlining the process and bringing the practices of vehicle insurance, being sold by automotive dealers under the provisions of the Insurance Act, 1938

As per the combination notice filed with CCI, the shareholding of Axis Bank in Max Life will increase to approximately 9.9 per cent

The protection gap is 80-90 per cent in the country, so only 20 per cent people have any kind of insurance protection either in the form of life or general insurance, IRDAI Chairman S C Khuntia said

This rule will take effect from 11.59 pm on January 24 as part of tighter border measures to manage the risk of imported COVID-19 cases

The S&P BSE Sensex index first hit 25,000 in 2014 after the BJP-led NDA government came to power with a record majority

Fitch said India's coronavirus-induced recession has been among the most severe in the world, amid a stringent lockdown and limited direct fiscal support

The insurers should make efforts to have agreement with health providers on rates for treatment of Covid-19 similar to other diseases for which rate agreements are in place, IRDAI said

The country's largest life insurer LIC contributed Rs 14,345.70 crore or 58 per cent to the total premium generated during the month, showed IRDAI data

Typically, all annuities come with the fixed payment option, if you want to factor in inflation, you may go for increasing annuity plan. However, the initial payout could be quite low in increasing annuity option.

Product innovation will gain traction as the industry Gets set to go on a digital overdrive

Several studies throw up structural, logistical and financial challenges to the growth of crop insurance in India, jeopardised by apparent profiteering by insurance companies

Embassy REIT is India's first publicly-listed REIT (Real Estate Investment Trust) sponsored by Blackstone and Embassy group

India Stock Market Highlights Today: UltraTech Cement followed by Tata Steel, ONGC, IndusInd Bank, HDFC Bank, M&M, Infosys and Reliance Industries were among the top losers in the Sensex pack. On the other hand, Maruti, Nestle India, Titan and PowerGrid were among the gainers

In less than four years, PhonePe has emerged as the leader in UPI transactions, neck-and-neck with Google Pay, leaving behind Paytm and others. But where is the revenue model?

Auto sector revival hits a speed breaker in November With the end of the festive season in the middle of November, revival in demand for automobiles in India has started to wane. Three continual months of growth led many to believe a strong revival was well and truly on. Instead, it slowed down 8.92 per cent on annual basis. This confirms auto sector's worst fear that the revival was merely on the back of pent up demand which would be unsustainable beyond festive season.OYO has $1 billion ...

The plans offer coverage under two different conditions, the first being one where job/income is lost due to termination/lay-off or retrenchment, and the second condition is where job/income is lost due to disability or death

Moody's  said that non-performing loans will rise most for banks in India and Thailand because of the greater shock to their economies and historically poor performance of certain loan types

The ministry has asked these companies to expand their business through digital medium. They've also been asked to cut the flab by rationalising branches and rein in other avoidable expenses like guest houses, etc, PTI reported citing sources.

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