Earlier this year, Bajaj Finserv signed share purchase agreements (SPAs) with Allianz SE to acquire a 26 per cent stake in the two insurance joint ventures for ₹24,180 crore.
There is an urgent need for a health regulator to ensure transparency and fairness across the healthcare ecosystem, GI Council Chairman
Last week, AHPI had directed member hospitals to suspend cashless services for Bajaj Allianz policyholders from September 1, citing unresolved disputes over tariffs with hospitals
Human memory is very short. The demand for health insurance is still fine, we still have a double digit growth, Tapan Singhel said
The deal strengthens Bajaj Finserv's control, enhances strategic flexibility, and positions it for long-term growth in expanding insurance market, ICICI Securities said in a note.
To list on an Indian stock exchange, an insurance company must meet several performance parameters
It aims to address the dissatisfaction of policyholders during claim settlement arising due to lack of understanding, intricate details and fine print of the insurance policy
The notice claims that the general insurer has not paid GST on reinsurance premium, despite receiving commissions from co-insurance companies
Real estate portal Housing.com on Monday said it has tied up with global insurtech player BOXX to offer cyber security plan for protecting its customers from digital fraud. This collaboration aims to provide digital security for Indian homebuyers by introducing the comprehensive 'Cyber Protect' plan. "With support from BOXX and Bajaj Allianz General Insurance, the plan empowers customers to safeguard their digital lives and secure them against digital fraud -- all for an affordable monthly premium of just Rs 199," Housing.com said in a statement. This added safeguard protects financial transactions and contributes to an overall secure online environment. Established in 2012 and later acquired by REA India in 2017, Housing.com is a prop-tech platform for homeowners, home seekers, landlords, developers, and real estate brokers. New homes, resale homes, rentals, plots, commercial spaces, and co-living spaces are listed on its platform.
Understand waiting periods for pre-existing diseases and the co-pay requirement before buying this policy
Here is the list of industry leaders from life insurance sector on panel for the BS BFSI Insight Summit 2022
SBI General Insurance and Tata AIG General Insurance are also said to be looking at launching a surety insurance product soon, said sources
They should avoid professional indemnity policies with sub-limits or high deductible
But examine countries covered and claim settlement mode
The general insurance industry has reported sound growth in the first quarter (Q1) of financial year 2022-23 (FY23) thanks to group health and motor businesses
In the June quarter, the non-life insurance industry netted premiums to the tune of Rs 54,492 crore, up 23 per cent YoY
Protect family's data, finances; consider floater cover as well
Bajaj Allianz General Insurance on Thursday said its profit remained flat at Rs 1,339 crore for the 2021-22 financial year against Rs 1,330 crore in the previous financial year.
Industry leaders speak about the learnings over the past year and the opportunities for progress that the pandemic has provided
Covid drives awareness of need for health insurance, consumers also buying plans in the range of Rs 25-50 lakh