Acko General Insurance Fined ₹1 Crore by IRDAI: The Insurance Regulatory and Development Authority of India (IRDAI), India’s top insurance watchdog, has recently imposed a penalty of ₹1 crore on Acko General Insurance. The reason? Multiple violations of regulatory norms related to outsourcing practices and commission structures. Specifically, Acko was found to have engaged with…
Union Bank of India Wellness Deposit Scheme: In an innovative move designed to attract high-value depositors while offering health protection, Union Bank of India has introduced the Union Wellness Deposit Scheme. This scheme uniquely blends the traditional safety of fixed deposits (FDs) with the added advantage of a complimentary Rs 5 lakh super top-up health…
Barclays Upgrades Zurich Insurance Stock Rating: In a notable move that has caught the attention of global investors, Barclays (LON:BARC) has upgraded the stock rating of Zurich Insurance Group AG (ZURN:SW) (OTC:ZURVY) from Equalweight to Overweight, with a revised price target of CHF 255.00, up from the previous CHF 212.00. This strategic decision reflects a…
SBI Life Celebrates Mothers: In every gentle brushstroke, a mother paints the world with colours of love, sacrifice, and dreams. SBI Life’s newest emotional campaign, titled “Apne Liye. Apno Ke Liye,” is a heartfelt tribute to mothers who manage to gracefully balance their personal aspirations while fulfilling the dreams of their loved ones. This powerful…
Air India Crash May Trigger $475 Million Insurance Claims: India is grappling with one of its worst aviation tragedies in over a decade, as the recent Air India crash is projected to result in insurance claims of up to $475 million. This devastating incident, which claimed hundreds of lives including passengers, crew members, and people…
Is Travel Insurance Worth It in 2025: Traveling can be one of life’s most rewarding experiences, offering adventure, relaxation, and unforgettable memories. However, with the excitement of planning a trip comes the responsibility of preparing for the unexpected. This is where travel insurance steps in as a crucial safety net. Whether you’re dealing with canceled…
SBI Card to Withdraw Complimentary Air-Accident Insurance on Select Cards: In a major policy shift, SBI Card has announced that it will discontinue the complimentary air accident insurance benefit on several of its popular credit card variants starting July 15, 2025. The news surfaced through multiple user posts on the social media platform X (formerly…
Marrying Tech and Traditional Insurance: Over two centuries ago, the Oriental Life Insurance Company marked the inception of life insurance in India. Established in Kolkata, it initially served the European community, but its legacy laid the groundwork for a deeply personal and relationship-driven approach to financial security. In those formative years, insurance was not just…
Hanwha Life Insurance Outlook Revised to Stable: In a significant development for the insurance sector, Moody’s Ratings has revised the outlook of Hanwha Life Insurance to stable, citing stronger profitability and robust capitalisation. This revision marks a vote of confidence in Hanwha Life’s ability to maintain its financial health in a changing economic environment. According…