Page 43 - Aathira Varier

Insurance companies can't reject claims for lack of documents: Irdai

The regulator said that the insurer cannot reject claim in full or part if the breach of warranty or condition is not relevant to nature or circumstance of loss

Life insurance industry's new business premium grew 15.5% in May

LIC drives growth with 18.7% rise

Bajaj Housing Finance files papers with Sebi for Rs 7,000 crore IPO

The funds raised from Bajaj Housing Finance's fresh issue will be used to augment its capital base to meet future business requirements

RBI monetary policy review: Bulk deposits limit for banks may be raised

Likely to be increased to Rs 3 cr

Must invest adequately in IT systems: RBI Governor Shaktikanta Das to banks

Underscores urgency to keep up with growth of digital payments

A model for Global South: RBI lays down goals for its 100th year

From Monetary Policy Framework review to safeguards against payment frauds & rupee internalisation, RBI lists 14 major goals

SBI General Insurance withdraws Arogya Plus policy with effect from Oct 5

According to the press release by the company, "This decision is part of our ongoing commitment to continuously review and refine our product offerings to better serve our customers' evolving needs"

PNB MetLife appoints Sameer Bansal as MD, CEO; to succeed Ashish Srivastava

He joined the firm in 2007 and is currently serving as the Chief Distribution Officer

Irdai to meet insurers today on Bima Sugam, 'Cashless Everywhere'

Sources said the regulator is likely to discuss the appointment of a CEO for Bima Sugam

LS poll results: Regulatory focus on growth may continue, say insurers

According to insurance officials, the increase in insurance penetration will be supported by the government irrespective of the political parties because of the sector's importance

Tata Motors Fin to merge with Tata Capital via NCLT scheme of arrangement

In FY24, Tata Capital and Tata Motors Finance reported a net profit of Rs 3,150 crore and Rs 52 crore respectively

Listed private life insurers' FY24 margins fell on rise in Ulip share

According to analysts at Motilal Oswal, VNB margins for all life insurance players declined from the previous year due to adverse product mix and pressure on non-par margins

Shriram Finance raises $468 million multi-currency funds as social loans

The fund raise is closely on the heels of a previous transaction where the company raised $404 million

Tata Capital expects healthy retail loan growth in FY25: Senior executive

Slower growth expected in FY25 but it would still be 'significantly higher' than the industry, says company

Tainted promoters misusing asset reconstruction companies, says RBI

Rao emphasised the need for robust governance structures for ARCs for transparent and effective functioning

Number of frauds in banking sector on the rise, but amount declines

89.2 per cent of the frauds reported in 2023-24 by value occurred in previous financial years

HFCs see realty sector expanding with tech adoption and govt backing

Housing finance companies underscore their healthy capital positions amidst heightened investor interest in the segment

Rs 2000 counterfeit notes more than double, says RBI annual report

Overall, the number of counterfeit notes detected in FY24 was lower than the previous year. There is a declining trend of counterfeit notes detected every year

Jio Financial Services launches 'JioFinance' app in beta version

Key features of the application include instant digital account opening and streamlined bank management with the "Jio Payments Bank Account" feature

Irdai directs health insurers to decide on cashless authorisation in 1 hour

Health policy-holders can now avail premium discount in case of no claims in previous year