Insurance Archives - Page 10 of 11

24 Mar

18.19 lakh new workers enrolled under ESI Scheme in the month of January, 2025

MFNewsBusiness, Insurance, Opinions

8.67 lakh young employees upto the age group of 25 years constitute new registrations 3.65 lakh female employees enrolled in the ESI Scheme 27,805 new establishments registered under ESI Scheme in the month of January, 2025 85 transgender employees registered under ESI Scheme in January, 2025 New Delhi: The provisional payroll data of ESIC reveals that 18.19 lakh new employees have been added in the month of January, 2025. 27,805 new establishments have been brought under the social security ambit of the ESI Scheme in the month of January, 2025 thus ensuring social security to more workers. Through the data, it…

20 Mar

Preserve wealth and manage inflation with ICICI Pru GIFT Select

MFNewsBrands, Breaking News, Business, Insurance, Mutual Funds, Technology

#ICICIPruGIFTSelect ICICI Pru GIFT Select, a product designed to provide guaranteed income while preserving wealth Chandigarh: In today’s uncertain economic environment, financial planning to ensure an additional income stream has become important which can aid individuals to manage rising inflation, navigate market fluctuations, and achieve financial goals. To meet this need individuals are looking for investment options which provide both safety of capital invested and growth. To fulfil this need, ICICI Prudential Life Insurance has launched a unique long-term savings product – ICICI Pru GIFT Select, a product designed to provide guaranteed income while preserving wealth. “Our goal is to…

13 Mar

TransUnion CIBIL and FACE Collaborate to Launch Consumer Education Initiative

MFNewsBrands, Business, Insurance, Opinions, Technology

The collaboration aims to drive financial literacy and facilitate easy access to credit for consumers through customized content across multiple channels Chandigarh: TransUnion CIBIL and the Fintech Association for Consumer Empowerment (FACE) are partnering to promote financial literacy and credit awareness in India. The initiative, named CIBIL Jaagran, seeks to improve credit education and facilitate easy access to credit for consumers via FinTech solutions. Under the agreement, TransUnion CIBIL will provide knowledge and expertise and will develop co-branded and customized educational content. FACE, the Reserve Bank of India recognised Self-Regulatory Organization (SRO) in the FinTech sector, will work with its…

28 Feb

वित्तीय वर्ष 2024-25 के लिए ईपीएफ पर मिलेगा 8.25% की दर से ब्याज

MFNewsBreaking News, Business, Insurance, Opinions

ईडीएलआई योजना में प्रमुख संशोधनों को अनुमति; इससे सदस्यों के परिवार को अधिक वित्तीय सुरक्षा और सहायता मिलेगी नई दिल्ली: वित्तीय वर्ष 2024-25 के लिए सीबीटी ने सदस्यों के खातों में ईपीएफ संचय पर 8.25% वार्षिक ब्याज दर जमा करने की सिफारिश की है। केंद्र सरकार द्वारा ब्याज दर को आधिकारिक रूप से अधिसूचित करने के बाद बाद ईपीएफओ ग्राहकों के खातों में ब्याज दर जमा करेगा। ये फैसला केंद्रीय श्रम एवं रोजगार तथा युवा कार्यक्रम एवं खेल मंत्री डॉ. मनसुख मांडविया ने आज नई दिल्ली में कर्मचारी भविष्य निधि (ईपीएफ) के केंद्रीय न्यासी बोर्ड (सीबीटी), की 237 वीं बैठक…

27 Feb

Bajaj Allianz Life Becomes the First Insurer to Go Live with Bima-ASBA Facility

MFNewsBreaking News, Business, Health, Insurance, Technology

This milestone aligns with the Insurance Regulatory and Development Authority of India’s (IRDAI) Chandigarh: Bajaj Allianz Life, one of India’s leading private life insurers, has become the first insurer to go live with the BIMA- Application Supported by Blocked Amount facility (Bima-ASBA). This milestone aligns with the Insurance Regulatory and Development Authority of India’s (IRDAI) initiative to bring operational ease, enhance policyholder convenience, ensure greater transparency, and simplify the insurance premium payment process. Bima-ASBA is a significant step forward in making premium payments smoother and customer friendly. Under this IRDAI initiative, policyholders can opt for UPI’s One-Time Mandate (OTM) and…

26 Feb

Pharmazz, Inc. showcased the groundbreaking potential of its lead drug, Sovateltide

MFNewsBrands, Breaking News, Business, Health, Insurance, Opinions, Technology#Sovateltide #Pharmazz #StrokeTreatment #Neuropharmacology #CriticalCare #DrugDiscovery #NIPERMohali #ProfAnilGulati #BrainHealth

#Sovateltide #Pharmazz #StrokeTreatment #Neuropharmacology #CriticalCare #DrugDiscovery #NIPERMohali #ProfAnilGulati #BrainHealth Mohali: In a landmark event highlighting the future of neurotherapeutics, Pharmazz, Inc., a biopharmaceutical company focused on critical care, showcased the discovery and clinical success of its novel stroke treatment drug, Sovateltide, at a two-day workshop organized by the Department of Pharmacology and Toxicology, NIPER, SAS Nagar (Mohali). The workshop, titled “Drug Discovery and Development in New Millennium - 4 (D3NM-4),” brought together leading researchers, students, and pharmaceutical professionals under the theme “Interfacing with Emerging Neuroprotective Strategies & Neuropharmacological Techniques.” Delivering the keynote address was Prof. Anil Gulati, Founder and CEO…

21 Feb

One App: Unified Investor App will help track investments, shareholder resolutions, tax data

MFNewsBusiness, Insurance, Mutual Funds, Shares

A consolidated view of their financial data, including details on shareholdings, investments, and financial statements Mumbai: NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited), in collaboration with capital markets regulator Securities and Exchange Board of India (SEBI), have launched a mobile app Unified Investor Platform for investors to manage their portfolios. The new platform combines MyEasi by CDSL and SPEED-e by NSDL, to provide investors with a consolidated view of their financial data, including details on shareholdings, investments, and financial statements. According to NSDL, the platform is designed to streamline the fragmented financial information across various accounts,…

20 Feb

Good News: New insurance premium payment facility via UPI from March 1

MFNewsBusiness, Insurance, Technology

This feature will allow policyholders to block funds in their bank accounts for premium payments, ensuring transactions without immediate debits. New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has announced a new premium payment mechanism, Bima-ASBA (Applications Supported by Blocked Amount), using the Unified Payments Interface (UPI). This feature will allow policyholders to block funds in their bank accounts for premium payments, ensuring transactions without immediate debits. As per IRDAI's circular issued on February 18, 2025, all insurers must offer the Bima-ASBA facility by March 1, 2025. This directive is part of the Master Circular on 'Protection of…

20 Feb

Public Sector General Insurance Companies(PSGICs), become profitable again

MFNewsBusiness, Insurance

Government infuses Rs. 17,450 crore into PSGICs between 2019-20 and 2021-22 to support reforms, improve efficiency, and drive profitability New Delhi: Indian Public Sector General Insurance Companies (PSGICs), that historically reported losses, witnessed a major turn around with all of them having become profitable again. While Oriental Insurance Company Ltd. (OICL) and National Insurance Company Ltd. (NICL) started posting quarterly profits from Q4 of F.Y. 2023-24 and Q2 of F.Y. 2024-25 respectively, United India Insurance Company Ltd. (UIICL) posted profit in Q3 of FY 2024-25 after a gap of 7 years. Notably, New India Assurance Company Ltd. (NIACL) has consistently…

19 Feb

Bajaj Allianz Life Unveils Guaranteed Pension Goal II with Industry-First 30-Year Deferment Option

MFNewsBusiness, Insurance, Mutual Funds

New-age annuity plan offers flexible payout options, lifelong income security, and tailored solutions for evolving retirement needs Chandigarh: Bajaj Allianz Life Insurance, one of India’s leading private life insurers, today announced the launch of Bajaj Allianz Life Guaranteed Pension Goal II, a non-linked, non-participating immediate and deferred annuity plan designed to help customers take control of their retirement planning. With an industry-first feature allowing a deferment of up to 30 years, this innovative pension plan enables individuals as young as 35 years to start securing their financial future, providing unmatched flexibility for early retirement planning. Recent study by Bajaj Allianz Life revealed that 77% of Indians…