TATA AIG CAR INSURANCE
With DRHP, Hyundai steers towards $3 billion public listing
India's largest public issue will be an offer-for-sale (OFS) of up to 142.2 million shares, or a 17.5% stake, by South Korean parent Hyundai Motor Co.
I am a retired person; I have a health insurance cover of Rs 5 lakh. Should I get a super top-up health insurance plan?
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Insurtech startup Coversure raises $4 million in funding from Enam Holdings
Insurtech startup Coversure raised $4 million in pre-series A funding led by Enam Holdings. They plan to build a consumer-centric insurance engagement platform using data intelligence and machine learning capabilities.
Paytm withdraws general insurance licence application; to focus on distribution-only model
Troubled fintech Paytm will increase focus on insurance distribution. It had earmarked Rs 950 crore to invest in the entity applying for the general insurance licence but it now expects to conserve that cash. The Noida-headquartered company will focus on distributing small ticket-size insurance products such as life, health, motor, shop and gadgets.
Tesla 'silent'; yet to communicate its India plans: Official
American tech billionaire Elon Musk, who was scheduled to visit India on April 21-22, had postponed his visit at the last moment citing "very heavy Tesla obligations".
Will China become the cat among India's EV pigeons?
Chinese electric vehicles are causing concern in the US and Europe due to their affordability and efficiency. The US has responded by imposing tariffs on Chinese EVs and lithium-ion batteries. India may now become a target for Chinese EVs. Stellantis is considering manufacturing Leapmotor's electric vehicles in India to avoid tariffs.
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Axis Bank to groom LGBTQIA+ talent for careers in banking
Axis Bank has introduced the ‘ARISE ComeAsYouAre’ talent acquisition programme to recruit individuals from the LGBTQIA+ community across India for careers in banking. The initiative focuses on skills-based hiring, offering equal opportunities to fresh graduates and professionals up to 5 years of experience. The bank emphasizes diversity, equity, and inclusion, aiming to foster innovation and leverage talent diversity. This follows Axis Bank's previous efforts to support the LGBTQIA+ community, including offering joint accounts and insurance products.
Tata AIG General Insurance partners Aurm for its vault services
Aurm partners with Tata AIG to provide innovative insurance coverage for valuables. Suraj HS, co-founder, emphasizes the collaboration as a milestone in asset security and insurance solutions.
Sour grapes? China thinks Tesla's India biz will be doomed
China has expressed disapproval of Elon Musk's plan to open a Tesla factory in India. The Global Times has predicted challenges for Tesla in the immature Indian market, recommending India to partner with Chinese companies for EV manufacturing.
Future Generali India Insurance appoints Ramit Goyal as chief distribution officer
Ramit Goyal named FGII's chief distribution officer from April 1, succeeding Raghavendra Rao. With 25 years of sales experience, Goyal excels in changing environments, relationships, and trouble-shooting at Future Generali India Insurance.
Digitisation will be key driver for Mahindra Finance, says MD designate
Senior management at Mahindra Finance is witnessing a paradigm shift as vice chairman Ramesh Iyer passes the reins to Raul Rebello at the end of April. Though developing new business models would take some time, analysts believe the company's strong rural reach and financials would be beneficial.
Maruti Suzuki breaches Rs 4 lakh crore m-cap mark as stock races to fresh 52-week high
Maruti Suzuki India's shares rose 4% to hit a new 52-week high, joining the club of stocks with a market capitalization of Rs 4 lakh crore, such as Reliance Industries and Larsen & Toubro.
Latest health and general insurance claim settlement ratio released in 2024
Do you know how good is your insurer is in settling claims and how long it takes for your health or general insurer to settle claims? Or how many claims did they reject last year? It is important to keep track of the claim settlement performance of your insurer. IRDAI has recently released the claim payment details of general and health insurance companies. Check here
India okays EV policy with tax relief to rev up manufacturing dream & lure foreign players like Tesla
The Indian government has launched a new scheme to boost electric vehicle manufacturing, aiming to attract foreign investments and boosting Tesla's plans to enter India for local production. With a minimum investment requirement of Rs 4,150 crore, the policy seeks to position India as a leading hub for advanced EV technology production.
EV vs ICE price parity for luxury cars unlikely in near future
Most luxery EVs are imported as low volumes make local assembly unviable. Tata Motors, MG Motor India, and Mahindra & Mahindra are reducing the price disparity between their electric vehicles and traditional petrol/diesel models due to decreasing battery costs. Luxury electric vehicles (BEVs), largely imported and heavily taxed, face challenges due to limited sales volume, making local assembly unfeasible. Industry experts project EV-internal combustion engine (ICE) price parity in the luxury segment by 2028, driven by declining battery costs and regulatory changes.
Flight delayed, cancelled due to fog? You can get up to Rs 2 lakh if you have a travel insurance
Flight delayed or cancelled? Hundreds of flights have been delayed from the Indira Gandhi International Airport in Delhi due to low visibility amid dense fog in the last few days. You need to keep in mind that airlines are not obliged to compensate in cases where the cancellation and delay is caused by a force majeure event. Well, if you have bought travel insurance while booking your flight ticket, it may help you if your flight is delayed or cancelled. Here's how
TATA AIG General Insurance excludes Red Sea route, others raise premiums
With ships passing through the region becoming the target of increasing attacks and the resultant declaration by the JWC of Lloyds and other reinsurers of these waters as a high-risk area for shipping, major global shipping companies have proactively decided to avoid taking this route, a Tata AIG spokesperson said.
How good is your health insurer? Latest incurred claim ratio of general, health insurance companies in India
If you are planning to buy a new insurance policy or port your existing health insurance policy to a new insurer, do remember to check the latest claim settlement ratio of all insurers before finalising one. Irdai has released the claims payment details of general and health insurance companies for the financial year 2022-23.
Hybrid vehicles have overtaken pure-play electric cars in India. What is the road ahead for EVs?
Hybrids have gained popularity owing to their dependability, cost-effectiveness, and reduced maintenance expenses. However, the electric vehicle ecosystem must address challenges such as limited range, inadequate charging infrastructure, and high insurance costs to ensure a smoother journey in India.
Private insurers gain market share in H1
Meanwhile, private insurers grew the combined market share to 53.58% up from 50.81%, with a growth rate of 21.13%.
Up to Rs 5 lakh discounts, other benefits on cars this month: How to get the best deal for your next car
The festive season could be the right time to purchase as several companies offer discounts and attractive deals now. Moreover, you will get reduced interest rates on car loans from various lenders at this time. It may sound exciting on paper but could be a bit daunting in reality. Read on to find out how you can make the most of the festive season deals on cars.
Pay just Rs 800 more to upgrade car insurance personal accident cover to all-round 24X7 personal accident policy
It is mandatory to buy a personal accident cover of Rs 15 lakh under car insurance, if you are the owner-driver of a car. It usually costs between Rs 300 and 400. However, there are certain limitations when it comes to compulsory car insurance cover under car insurance. Meanwhile, a standalone personal accident cover protects you from any type of accident around the clock and around the world. The premium for a Rs 15-lakh personal accident cover can range between Rs 800 and Rs 1,200 in a year. Is it a good idea to spend a little extra and buy a separate standalone personal accident cover for a holistic coverage? Read on to find out
Tata AIG General, HDFC Ergo raising Rs 800 crore debt
Tata AIG General Insurance and HDFC Ergo are in the market raising subordinated debts. HDFC Ergo recently raised ₹320 crore through a 10-year bond offering at an interest rate of 8.15%.
Liberty General Insurance appoints Parag Ved as CEO
Ved takes on the role following the retirement of Roopam Asthana, who was instrumental in establishing Liberty's business operations here. Liberty General India began operations in 2013 and has an employee strength of over 1,100.
August premium growth: Bajaj Allianz, Tata AIG corner top two ranks
The industry saw premiums amounting to Rs 19,291 crore, marking a 12.80% increase compared with the same month last year. Bajaj Allianz General Insurance saw 64% growth while Tata AIG General Insurance saw a 26% jump in the gross written premium, when the listed state-run insurer New India Assurance grew 2.63%.
What is travel medical insurance for Indians studying abroad & how to go about it
Insurance companies are launching international student insurance covers for Indian students studying abroad. These hybrid policies combine both travel and inpatient health insurance benefits, as well as transit and travel risks like baggage and document risks. Such policies can cost five to six times more if bought abroad, as health insurance in India is far cheaper. Popular plans include the Tata AIG Student Travel Guard, Bajaj Allianz Student Elite Plan, Royal Sundaram Travel Secure Student Plan and Care Health Student Explore Plus.
Cyber insurance cover cost soars up to 60% with rise in attacks
Cyber insurance premiums have surged 50-60% in the past year as reinsurance rates have gone up amid a global increase in cyberattacks and ransomware incidents. To cope with these soaring costs, companies are adopting measures such as reducing coverage capacity or increasing deductibles to maintain affordable premiums.
How much flood damage will a regular comprehensive car insurance cover?
If your vehicle has been damaged or submerged due to floods, here is what you need to know about what is covered under a regular comprehensive car insurance policy and the claim-settlement process
HDFC's education finance arm bondholders fret over stake sale -sources
HDFC Credila Financial Services bondholders are concerned about potential write-downs after the company's ownership transfer from its AAA-rated parent company to a potentially lower-rated private equity firm, at least five institutional bondholders told Reuters. HDFC is selling 90% of the company to Baring EQT to comply with a regulatory directive, which has caused anxiety among its creditors and bondholders. The move follows a downward rating for HDFC's Affordable housing finance unit, Gruh Finance, after its 2019 takeover by lower-rated Bandhan Bank. Bondholders are reportedly looking to seek assurances from HDFC.
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