Caring for Your Parents from Afar: Living away from your ageing parents is a deeply emotional experience, especially for Non-Resident Indians (NRIs). While video calls, messages, and occasional visits help bridge the emotional gap, one crucial aspect that often keeps NRIs worried is their parents’ healthcare needs. With age, medical requirements become more frequent and…
Insurers Adapt to Escalating Climate-Driven Hazards: As climate change continues to accelerate, the insurance industry finds itself at a critical juncture. With rising sea levels, intensifying hurricanes, unprecedented wildfires, and extreme weather events becoming more frequent, insurers are rapidly adapting to a new era of climate-driven risks. This evolution is reshaping the way insurance companies…
Insurers Likely to Prefer Bond Forwards: The insurance industry in India is witnessing a significant shift in interest-rate risk hedging strategies. The Insurance Regulatory and Development Authority of India (IRDAI) has recently allowed insurers to undertake bond forward transactions, a move that is expected to replace the traditional use of forward-rate agreements (FRAs). This regulatory…
Rs 1 Crore Accident Insurance Free: In a landmark move aimed at ensuring the financial security and welfare of its personnel, the Central Industrial Security Force (CISF) has signed a new Memorandum of Understanding (MoU) with the State Bank of India (SBI). As per the MoU, CISF personnel – both serving and retired – will…
Patanjali and DS Group Acquire Magma General Insurance: The general insurance industry in India is witnessing a significant transformation with the latest acquisition of Magma General Insurance by Baba Ramdev-led Patanjali Ayurved and Dharampal Satyapal Group (DS Group). This strategic move marks Patanjali’s entry into the financial services sector, expanding beyond its traditional stronghold in…
Global Health Care Policy: In today’s interconnected world, people travel across borders more than ever—be it for work, education, tourism, or medical needs. But while crossing international boundaries is easier, dealing with unexpected health emergencies abroad can be daunting and financially draining. This is where the Global Health Care Policy steps in—a comprehensive health insurance…
Tamil Nadu Government Extends New Health Insurance: In a significant move to ensure continued healthcare protection for its workforce, the Tamil Nadu government has extended the New Health Insurance Scheme (NHIS), 2021 by another year. Initially set to expire on June 30, 2025, the scheme will now remain in force till June 30, 2026, offering…
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…
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…
