The combined market valuation of three of the 10 most valued firms jumped Rs 70,312.7 crore last week, with Reliance Industries emerging as the biggest winner, amid volatile market conditions. From the top 10 pack, Reliance Industries, HDFC Bank and Hindustan Unilever were the gainers, while Tata Consultancy Services (TCS), ICICI Bank, Infosys, State Bank … Read more
By Siddharth Singhal Today’s digital world might heavily bank on technology, but actually, it’s the experience that you create with technology that matters after all. Especially, when you are dealing in a sensitive industry like insurance, technology should be so seamless that it fits like a missing piece of the puzzle. With growing healthcare needs … Read more
Abandoning life insurance policies midway through the term often results in a significant financial setback due to the high surrender costs associated with the early years of the policy. Recognising this, the Insurance Regulatory and Development Authority of India (Irdai) has proposed measures to increase the surrender value of non-linked policies in an exposure draft … Read more
Bike insurance premiums can increase significantly if you make frequent claims, especially for minor accidents and damages. Insurance companies view multiple claims as indication of higher risk and charge higher premiums from such policyholders. However, there are some steps you can take to avoid making unnecessary claims and keep your premium costs low. Rakesh Goyal, … Read more
ACKO General Insurance has joined forces with PhonePe to offer comprehensive car and bike insurance products directly to consumers on the PhonePe platform. This partnership marries ACKO’s customer-first approach with PhonePe’s massive distribution network, making insurance a readily accessible financial category for its users. An ACKO press release states, “The collaboration will also see ACKO … Read more
Selling your old car can be a strategic process involving preparation, presentation, and negotiation. Whether you are parting ways with a beloved car or looking to upgrade, maximising its value requires a thoughtful approach. From meticulous maintenance to smart listing strategies, several key steps must be considered. Nitin Chadha, Senior Vice President, ACKO Drive, … Read more
The 14 elephants participating in Dasara festivities here and their handlers have been provided insurance cover. According to Forest Department officials, Dasara elephants and their handlers, including mahouts and kavadis, besides the department staff are covered under a comprehensive temporary insurance policy aimed at safeguarding them from unforeseen risks. While each of the 10 male … Read more
The Odisha government on Monday announced that it will provide free crop insurance to all farmers in the state for the next three years. Cooperation Minister Atanu Sabyasachi Nayak made the announcement after a review of his department by Chief Minister Naveen Patnaik. “The Cooperation Department would bear the premium of the insurance from the … Read more
After withdrawing record funds in 2021-22, foreign portfolio investors (FPIs) continued their sell-off in the last fiscal too and pulled out Rs 37,631 crore from Indian equities amid aggressive rate hikes by central banks globally. The outflow trend is likely to reverse in the current financial year since India has the best growth potential in … Read more
Global macroeconomic and financial sector headwinds are set to take a deep toll on the domestic IT companies’ revenue growth in FY24, a report said on Friday. The Rs 10 lakh crore sector is likely to witness revenue growth plunging by up to 9 percentage points to 10-12 per cent in FY24 as against the … Read more