Intermediaries

(L to R) M K Poddar, CMD, AIC and Easwaran V, MD and CEO, IPPB exchanging the documents for collaboration

India Post Payments to sell AIC’s Crop Insurance products

Indian News       Oct 19, 2020

  New Delhi: Agriculture Insurance Company of India  (AIC) and India Post Payments Bank (IPPB) have signed a Corporate Agency Agreement for distribution of AIC’s Crop Insurance products through the vast postal network of nearly 1.55 lakh post offices and 3 lakh postal employees across the...

IBAI votes out its president Sanjay Kedia, elects five new faces as directors

Indian News       Oct 18, 2020

  Mumbai: In a high drama, the Insurance Brokers Association of India(IBAI), the official representative body with over 480 insurance brokers, has voted out its president Sanjay Kedia on Sep 24 from the directorship of the body and consequently its 15-member board of  directors, have  chosen...

Asia Pacific health care benefit cost expected to jump by 8.5% in 2021, Willis Towers Watson survey

International News       Oct 14, 2020

  Singapore: Employer-sponsored health care benefit costs are expected to increase by 8.5% in Asia Pacific (APAC) in 2021 following a year in which the COVID-19 pandemic has had a significant impact on health care utilisation and overall costs, according to a survey of medical insurers...

As globe gallops into vaccine trials, insurers remain unfazed

International News       Oct 12, 2020

  LONDON/FRANKFURT: The world is racing towards a vaccine in record time, stirring public concerns about safety to the extent that nine leading developers have felt compelled to issue a pledge to uphold scientific standards and testing rigour. Yet, while more than 40 experimental COVID-19 vaccines...

16 to be interviewed on Oct 9 for selecting 2 IRDA members

Indian News       Oct 05, 2020

  New Delhi: After much delay due to prevailing Covid-19 Pandemic in the country, a top panel Cabinet Secretary Rajiv Gauba will interview a 16 short listed candidates,on Oct 9, virtually to select two members, for Distribution and Actuary, of the insurance regulator,IRDAI, . While 10...

Marsh India completes acquisition of JLT Independent

Indian News       Oct 01, 2020

  Mumbai: Marsh India on Thursday said it has completed the acquisition of JLT Independent Insurance Broking. The parties had earlier secured regulatory approvals for the transaction and follows the acquisition of the JLT Group by Marsh & McLennan Companies in April 2019, Marsh India said...

Indian insurance industry strikes a chord with ``Diversity and Inclusion''

Indian News       Sep 25, 2020

  Mumbai: The 6th edition of the global Dive In festival, which celebrates diversity and inclusion(D&I) in the Insurance industry, was held virtually from 22nd September to 24th September 2020 in over 30 countries. Dive In is a global movement in the insurance sector to support...

InsuranceDekho to get $20 mn funding from GirnarSoft for branding, others

Indian News       Sep 22, 2020

New Delhi: InsuranceDekho on Tuesday said GirnarSoft has committed USD 20 million (around Rs 147 crore) investment in the company. InsuranceDekho, an omni channel insurance platform, is a subsidiary of GirnarSoft. The funds will be invested in branding, and strengthening the technology, product and sales...

Mahindra Insurance Brokers launches paybima.com

Indian News       Sep 09, 2020

  Mumbai: Mahindra Insurance Brokers Ltd.(MIBL),an outfit of diversified Mahindra & Mahindra group, has launched paybima.com, a digital platform for online insurance buying experience. Powered by advanced analytics, PayBima offers the Indian customer an opportunity to make informed insurance decisions, through a credible, comprehensive and convenient...

HDFC Life & Apollo Clinic sign corporate agency partnership

Indian News       Aug 28, 2020

  Mumbai:  Apollo Clinic, a leading Indian multi-specialty clinic chain by Apollo Health & Lifestyle (AHLL) and HDFC Life have entered into a corporate agency arrangement. It is the first healthcare company in India, to have secured a corporate agency for the distribution of Insurance products....

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