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IRDAI proposals gives clarity on renewing own damage motor insurance policy
According to the latest draft proposal issued by the insurance regulator on Monday, standalone OD cover may be allowed where long-term liability policy is mandated. The expiry of OD cover should not be later than the expiry of the liability policy.
Largest equity fund investor loads up on undervalued PSU stocks, dumps insurers
The fund manager bought nearly 3 crore shares of Bharat Heavy...
Buy HDFC Life Insurance Company, price target Rs 615: Shrikant Chouhan
The analyst suggested a stoploss at Rs 570
Slowdown strikes SIP-enriched MF industry: Indiabulls AMC cuts jobs
Indiabulls AMC has also reduced some senior management salaries by half.
Driving habits could determine your motor insurance premium: IRDAI proposal
A central repository of telematics data can be created where data from various sources flows to create a common pool. The data captured by the device helps insurers for designing a customised motor insurance policy with its unique premium.
How IRDAI protects policyholders from crises at insurance companies
Insurers are required to follow certain investment norms, like they cannot invest in debt securities with a rating below AAA. If any asset is impaired and the rating falls below AAA, it has to be marked to market. The insurer cannot hide this.
Market Movers: What changed for D-Street while you were sleeping
Nifty on Tuesday ended Calendar 2019 below the 12,200 mark.
TCS to take insurance platform places
The Indian IT services leader’s mega insurance wins first came in the UK market, through its Diligenta unit, which initially focused on managing closed-book business — pools in which no new insurance policies are issued. Managing a closed book typically means the contract will end after all the policies run out, though that can take years.
Will the bet to buy out Reliance Capital’s stake in asset manager RNAM pay off for Nippon Life?
Nippon Life has just upped its stake to 75% in RNAM, allowing Anil Ambani-promoted Reliance Capital an exit from the mutual funds business.
Binny Bansal puts $20m more in insurance company Acko
With the fresh infusion of capital, Bansal’s total investment in the new-age insurance firm will go up to $45 million, making it his largest personal bet on an Indian startup.
Have too many life insurance policies? Here's how you can evaluate them
Insurance is primarily a protection against unexpected loss in the value of an asset or the income it can generate. Therefore, the simplest way to evaluate is to ask what you are paying and what you would get.
Tarrakki joins hands with Reliance Nippon Life AMC to provide Mutual Fund-linked ATMs
Tarrakki ZYAADA offers insta redeem feature that is powered by HDFC Bank Visa debit Card.
FAL corp sells 2.1 crore ICICI Lombard shares
The buyers included CAAM Funds India, Reliance Nippon Life Insurance Company and Kuwait Investment Authority among others.
RNAM Q2 profit up 21% at Rs 137 crore on lower tax rate
Total income declined to Rs 322.60 crore in the second quarter of the ongoing fiscal from Rs 424 crore in the year-ago period.
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