Failed ZEEL-Sony merger drains Rs 3,130 crore from MFs, insurers
Mumbai: The failed $10-billion merger between Zee Entertainment Enterprises Ltd and Sony Pictures Networks India resulted in a substantial wealth loss of approximately Rs 3,130 crore for mutual funds and insurance companies on Tuesday, according to a media report.
HDFC Life Insurance Q2FY24 net profit grows 15% YoY to Rs 376 cr
Mumbai: HDFC Life Insurance, a private sector insurance company, Friday announced a net profit of Rs 376 crore in the September quarter of the financial year 2023-24.
Bharti Group acquires French insurer AXA's stake in Bharti AXA Life Insurance: Report
Bharti Group has announced that it is acquiring French insurer AXA's 49% stake in Bharti AXA Life Insurance Co., a move that grants Bharti full control over a venture that the two companies jointly operated for nearly two decades, Reuters reported.
Is it possible to obtain car insurance with a temporary registration number?
An accident in your brand-new car can be heartbreaking. And when the accident happens to your car that still has a temporary registration number can be all the more worrisome. It could bring a lot of questions and confusion to your mind. So, if you are wondering if you can get car insurance with a temporary registration number, read on. We may have some good news for you.
Is 50 years too late to get a term insurance plan?
When it comes to purchasing term insurance, it is always better to do it early in life since the premium rates are low. However, life is unpredictable, and it is never too late to secure your family's financial future. If you are 50 or older and have not yet purchased a term life insurance, you may be wondering if it is too late. The answer is no; it is never too late to buy term insurance.
CCI approves HDFC's acquisition of more shares in insurance companies
New Delhi: The Competition Commission of India (CCI) Tuesday said it has approved the proposed combination involving the acquisition by Housing Development Finance Corporation Ltd of certain additional shareholding of HDFC ERGO General Insurance Company Ltd and HDFC Life Insurance Company Ltd.
ICICI Prudential Life Insurance relaxes claims settlement process for Odisha train accident victims
Mumbai: ICICI Prudential Life Insurance has relaxed the claim settlement process for the families impacted by the Odisha train accident, a press release said on Tuesday.
Mumbai: Bajaj Allianz Life Insurance has implemented special provisions to address the needs of its policyholders affected by the tragic train accident in Odisha.
Odisha train accident: IRDAI orders insurance companies to settle insurance claims suo moto
Mumbai: The Insurance Regulatory and Development Authority of India (IRDAI) has directed insurance companies to proactively initiate the settlement of claims for the victims of the Odisha train tragedy, The Economic Times (ET) reported.
Future Generali India launches D.I.Y HEALTH product
Kolkata: Private general insurance player Future Generali India Insurance Company Ltd Thursday announced the launch of its new health insurance product – D.I.Y HEALTH – to offer flexibility and freedom to choose the coverage as per the customer's needs.
Bajaj Allianz Life to disburse Rs 1,201 cr as bonus for FY23 to participating policyholders
Bajaj Allianz Life has declared a bonus of Rs 1,201 crores for its participating policyholders, which includes a regular reversionary bonus of Rs. 872 crores and a Terminal & Cash bonus of Rs. 329 crores.
Religare Enterprises to acquire MyInsuranceClub to expand into insurance distribution
New Delhi: Financial services company Religare Enterprises Ltd (REL) has signed a Share Purchase Agreement for the proposed acquisition of insurance web aggregator MyInsuranceClub (MIC) from iGear Holdings Private Limited, a part of The Indian Express Group, according to a company statement.
Secure Your Future – Choose The Right Term Insurance Policy
Term insurance is an often overlooked yet essential component of a comprehensive financial plan. It provides low-cost, high-coverage protection for individuals and families for a specified duration.
Tax benefits of different types of life insurance
Life insurance is a modern-day necessity. As they say, life is always unpredictable and uncertain. Hence, safeguarding your family's financial future is necessary for mental peace and stability. Investing in life insurance is thus a no-brainer. However, life insurance is not just about coverage or some added benefits that may accrue in the case of certain types of policies. Did you know you get tax advantages on your life insurance plans? Here's taking a closer look at the same.
Importance of Term Insurance at Different Stages of Life
Financial well-being is a basic life necessity. With life being uncertain, your sudden demise can bring your family’s financial well-being to a standstill. Term insurance plans will secure your family’s financial future despite your absence. Term insurance has become one of the basic necessities of life.