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…
GST Exemption on Rs 5 Lakh Health Insurance: India’s middle class could soon experience a significant tax relief as the GST Council is considering scrapping the 18% Goods and Services Tax (GST) on health insurance policies worth up to ₹5 lakh. This move, if implemented, could provide a crucial financial breather to millions of families…
Discover a New Era of Wellness: In today’s fast-paced world, health is no longer just a personal responsibility—it’s a strategic necessity. Rising medical costs, unpredictable emergencies, and the increasing need for preventive care have made having a reliable health insurance plan more crucial than ever. That’s where our comprehensive Health Insurance Plan comes in—a revolutionary…
Maharashtra Crop Insurance Premiums 45% Higher Than Payouts in 8 Years: Between 2016-17 and 2023-24, the state of Maharashtra witnessed an alarming trend in its agricultural insurance statistics. Despite enduring multiple climate-induced calamities such as droughts, floods, and unseasonal rains, the total insurance premiums paid to companies under the Pradhan Mantri Fasal Bima Yojana (PMFBY)…
Govt to Bring Open Architecture for Individual Insurance Agents: In a significant move towards liberalizing and modernizing India’s insurance sector, the Indian Government is all set to introduce an open architecture model for individual insurance agents. The proposal comes as part of the upcoming Insurance Act Amendment Bill, aiming to unlock new opportunities and bring…
Bengaluru Tenants Face the Fury of Floods: In recent years, Bengaluru has witnessed increasingly erratic and severe weather patterns, a result of changing climate dynamics. On May 18, 2025, the city experienced a harsh reminder of this when an extreme pre-monsoon thunderstorm dumped over 130 mm of rainfall in just 12 hours, leaving much of…
How Vehicle Insurance Supports: As the number of vehicles on roads continues to grow exponentially, the associated risks of accidents, injuries, and fatalities are also rising. Expanding road networks and the trend of faster-moving traffic have led to an alarming increase in road accidents globally. These unfortunate incidents not only bring emotional trauma but also…
Zurich Kotak General Car Insurance: In today’s fast-paced world, car ownership is more than just a luxury—it’s a necessity. With more vehicles on the road, the risk of accidents, theft, and natural calamities has also risen. That’s why having comprehensive car insurance is no longer optional—it’s essential. Zurich Kotak General Insurance has introduced a robust…
Government to Enable Value-Added Services in Insurance: In a significant move aimed at modernizing and broadening the scope of the insurance sector in India, the Ministry of Finance is expected to introduce a key amendment to the Insurance Act during the upcoming Monsoon Session of Parliament in July 2025. The amendment seeks to formally allow…
