Life Insurance tracker Apr’20 – Weak trend of March continues due to lockdown
HDFCL: HDFCL reported APE decline of 39.8% yoy in Apr’20 to Rs2.4bn. Retail APE at Rs1.9bn was down by 28.6% yoy. Total NBP at Rs6.7bn was down by 53% yoy. Retail NBP was down by 35% yoy to Rs2.7bn. IPRU: IPRU reported APE decline of 61.2% yoy to Rs1.8bn in Apr’20. Retail APE at Rs1.5bn decreased...
SBI General Insurance launches Arogya Sanjeevani health insurance policy
Hyderabad, May 8, 2020: Recently, SBI General Insurance launched the standard health insurance policy – Arogya Sanjeevani Health Insurance Policy SBI General Insurance. The policy provides hospitalisation cover anywhere in India with sums insured ranging from Rs. 1 lakh to Rs. 5 lakhs. Pushan Mahapatra, MD & CEO, SBI General Insurance said, “The introduction of Arogya Sanjeevani is...
SBI General Insurance Launches Arogya Sanjeevani Health Insurance Policy, A Standard Health Insurance Policy
SBI General Insurance launched the standard health insurance policy - Arogya Sanjeevani Health Insurance Policy SBI General Insurance. The policy provides hospitalisation cover anywhere in India with sums insured ranging from Rs. 1 lakh to Rs. 5 lakhs. Pushan Mahapatra, MD & CEO, SBI General Insurance Pushan Mahapatra, MD & CEO, SBI General Insurance said, "The introduction of Arogya...
Why should Millennials buy Term Insurance
image courtesy : freepik.com Each business has to go through transformations as the years pass by. Due to the advancement in the technology and Internet of Things, adapting to these changes is the only way a business can thrive in today’s world. The same applies to the insurance industry. Since the largest working population in India are millennials,...
Sunita Rath joins Aegon Life Insurance as Chief People Officer
Aegon Life Insurance, pioneer of digital insurance in India, today announced the appointment of Sunita Rath as Chief People Officer (CPO) to lead the company’s human resource and talent management function and to drive organizational leadership and culture, effective February 07, 2020. In the new role, Rath will oversee strategy and processes related to building and retaining talent, including reskilling and...
Kotak Life Insurance,InstantPayjoin hands to tap a billion uninsured Indians
InstantPay, one of India’s largest inclusive and neo Banking platform, has entered into a strategic partnership with Kotak Mahindra Life Insurance Company Limited to reach out to the billion uninsured and underbanked population of India, including the urban migrant. This alliance will not only bring insurance to the first time consumers but will also digitally empower the semi-urban...
HDFC Lifes Futurance Program Enters Phase Two
The first phase saw the short-listing of 8 start-ups from over 100 participants The second phase launched to scout for start-ups across 4 use cases Mumbai, December 4, 2019: HDFC Life, one of Indias leading private life insurance companies has been at the forefront when it comes to technology. In June 2019, HDFC Life...
Self-Employed Insurance Options: What You Need to Know
Image Source-Pixabay Today, Americans are making a conscious decision to work for themselves. The former American dream of climbing the corporate ladder is something that is starting to go the way of the dinosaur with flexibility now outweighing job stability. One consideration for self employed people is health insurance. While an option is group health insurance for self-employed,...
HDFC Life Introduces Video Life Certificate – An Industry First – for its Annuity Customers
November 22, 2019: HDFC Life, one of India’s leading life insurers, has been an innovator when it comes to life insurance products and services. Through its offerings, HDFC Life has not only managed to simplify life insurance but also made the customer journey easier thereby providing them with a superior experience. HDFC Life, today, announced the launch of Video Life...
Airtel Payments Bank ties up with Bharti Axa life insurance to offer Bharti Axa Life POS Saral Jeevan Bima Yojana
Jaipur, July 02, 2019: Airtel Payments Bank, India’s first payments bank, has partnered with Bharti AXA Life Insurance to offer the Bharti AXA Life POS Saral Jeevan Bima Yojana through its extensive network of banking points across the country. Bharti AXA Life POS (Point of Sale) Saral Jeevan Bima Yojana is a pure life term insurance plan which...