POLICYBAZAAR IRDAI LICENSE
Policybazaar shares jump 7% on IRDAI's license upgrade for PB Fintech's arm
The insurance regulator upgraded the license of the company's wholly-owned subsidiary Policybazaar Insurance Brokers Private Limited to 'Composite Insurance Broker' from 'Direct Insurance Broker'
Stocks in news: Paytm, Sula Vineyards, ZEE, Omaxe, SpiceJet
Zee Entertainment has alleged that Star India has not acted in accordance with the agreement between them over the sharing of the TV broadcast rights of ICC cricket matches and has sought a refund of Rs 68.54 crore from the Walt Disney-owned firm.
Policybazaar to enter reinsurance business with upgraded licence
PB Fintech's subsidiary, Policybazaar Insurance Brokers, has received approval to enter the reinsurance business. It reported a net profit of Rs 37.2 crore in Q3 with revenue from operations of Rs 871 crore. The company plans to apply for a payments aggregator license.
Acko gears up to disrupt the life insurance space
Acko has hired Amit Tiwari, an ex-Amazon India executive, to lead its life insurance business. One of the sources told ET that Acko is yet to get a formal nod from the insurance regulator IRDAI regarding Tiwari’s appointment.
Policybazaar IPO imminent
From Policybazaar's upcoming IPO to Byju's big acquisition and Netflix's gaming foray, here's a quick look at the top tech news today.
A premium for good road behaviour? Motor insurance buyers will soon be assessed for traffic violation
Delhi NCT will be the testing ground for the ‘Traffic Violation Premium’ once the draft guidelines are finalized. It would harness thousands of CCTV speed detector cameras that automate challan generation through repositories maintained by National Informatics Centre and Regional Transport Office.
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Paytm hires former Coverfox CEO after failed acquisition talks
Earlier this month, Paytm said it is set to make a foray into the business of selling insurance products with subsidiary Paytm Insurance Broking.
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