Insurance

India’s Life Insurance Sector Now Has 31.5 Lakh Agents: LIC, TATA AIA, and Axis Max Life Lead Growth
04 Aug

India’s Life Insurance Sector Now Has 31.5 Lakh Agents: LIC, TATA AIA, and Axis Max Life Lead Growth

MFNewsBrands, Breaking News, Business, Entertainment, Health, Insurance, Shares, Travel
#LifeInsurance #InsuranceAgents #LIC #TATAAIA #AxisMaxLife #InsuranceForAll #IRDAI #FinancialInclusion #AgentNetwork #IndiaInsuranceMarket #InsurancePenetration Mumbai: India’s life insurance industry continues to deepen its agent network at a steady pace, adding over 2.25 lakh new agents between June 2024 and June 2025. According to the latest data released by the Life Insurance Council, the total number of life insurance agents now stands at 31.54 lakh, reflecting the industry's growing outreach, especially into underpenetrated markets. The expansion is significant, given the broader national goal of achieving “Insurance for All by 2047”, a mission advocated by former IRDAI Chairman Debasish Panda, who in November last year noted…
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Reliance Industries remains India’s top-ranked in Fortune Global 500 List 2025, Nine Indian Companies earning spots in list
30 Jul

Reliance Industries remains India’s top-ranked in Fortune Global 500 List 2025, Nine Indian Companies earning spots in list

MFNewsBrands, Breaking News, Business, Entertainment, Insurance, Mutual Funds, Opinions, Shares, Technology
Reliance Industries remains India’s top-ranked company on the global list, followed by LIC, Indian Oil Corporation, and SBI #FortuneGlobal500 #IndiaInc #RelianceIndustries #LIC #IOCL #SBI #ONGC #HDFCBank #TataMotors #BPCL #ICICIBank #GlobalBusiness #Top500Companies #CorporateIndia #PSUs Mumbai/New Delhi — India has once again made a notable mark on the global corporate stage, with nine Indian companies earning spots in the prestigious Fortune Global 500 list for 2025. The rankings, released by Fortune Magazine, highlight the world’s largest companies by revenue for the fiscal year ending March 2025. At the forefront is Reliance Industries Limited (RIL), securing the 88th position globally — maintaining its status…
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NRIs Save Up to 90% on Surgeries in India; Health Insurance Demand Surges 150%: Policybazaar
30 Jul

NRIs Save Up to 90% on Surgeries in India; Health Insurance Demand Surges 150%: Policybazaar

MFNewsBrands, Breaking News, Business, Health, Insurance, Opinions, Technology, Travel
#NRIHealthInsurance #MedicalTourismIndia #Policybazaar #HealthcareSavings #IndianInsurance #AffordableSurgeries #WomenInvestors #YoungNRIBuyers Young and female NRI buyers lead the rise in health cover purchases amid booming medical tourism New Delhi — A growing number of Non-Resident Indians (NRIs) are turning to India for medical procedures, saving anywhere between 60% to 90% on surgeries compared to costs in countries like the US, UK, and Canada. This trend is significantly influencing health insurance demand, according to data released by Policybazaar, one of India's largest insurance marketplaces. The platform has recorded a 150% year-on-year increase in health insurance policies bought by NRIs, underscoring the rising appeal of India's…
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IRDAI Slaps ₹3.39 Crore Fine on Star Health for Cybersecurity Lapses
29 Jul

IRDAI Slaps ₹3.39 Crore Fine on Star Health for Cybersecurity Lapses

MFNewsBrands, Breaking News, Business, Health, Insurance, Opinions, Technology
#StarHealth #IRDAI #CyberSecurityBreach #InsuranceRegulation #DataPrivacy #HealthInsuranceIndia #SATAppeal #DigitalSecurity #InsuranceSector #BFSICyberRisk #IndiaRegulators #TechCompliance Mumbai — In a significant regulatory action, the Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of ₹3.39 crore on Star Health and Allied Insurance Company Limited for violating cybersecurity norms as prescribed under IRDAI’s data protection framework. The penalty was disclosed by the insurer through a regulatory filing with the National Stock Exchange (NSE) on Monday. The company said: “Penalty has been levied with respect to certain aspects pertaining to safeguard of data and cyber security.” While the detailed findings of the regulator have…
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जीवन बीमा सबसे अधिक पहचाना जाने वाला वित्तीय उत्पाद: सर्वेक्षण
25 Jul

जीवन बीमा सबसे अधिक पहचाना जाने वाला वित्तीय उत्पाद: सर्वेक्षण

MFNewsBrands, Breaking News, Business, Insurance, Opinions, Technology
#जीवनबीमा #LifeInsurance #FinancialSecurity #InsuranceAwareness #TermInsurance #HealthInsurance #बीमाजागरूकता #FamilyProtection #DigitalInsurance #CovidImpact #InsurancePlanning #PersonalFinance #FutureReady #भारतकीबातबीमाकेसाथ नई दिल्ली : हाल ही में किए गए एक सर्वेक्षण से पता चला है कि जीवन बीमा (Life Insurance) भारत में सबसे अधिक पहचाना जाने वाला और प्राथमिकता वाला वित्तीय उत्पाद बनकर उभरा है। सर्वे में शामिल अधिकांश लोगों ने कहा कि उन्होंने जीवन बीमा अपने परिवार की वित्तीय सुरक्षा सुनिश्चित करने के लिए खरीदा है, जो यह दर्शाता है कि आर्थिक अनिश्चितताओं और बढ़ते जोखिमों के बीच लोग अब वित्तीय योजना के प्रति अधिक जागरूक हो रहे हैं। 🔍 सर्वेक्षण की प्रमुख बातें 70% से…
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एलआईसी एमएफ स्मॉल कैप फंड: छोटे शेयरों में बड़े मुनाफे की उम्मीद, लंबी अवधि के निवेशकों के लिए बेहतर विकल्प
25 Jul

एलआईसी एमएफ स्मॉल कैप फंड: छोटे शेयरों में बड़े मुनाफे की उम्मीद, लंबी अवधि के निवेशकों के लिए बेहतर विकल्प

MFNewsBrands, Breaking News, Business, Insurance, Mutual Funds, Opinions, Technology
#LICMF #SmallCapFund #MutualFunds #SIPInvestment #LongTermWealth #EquityFunds #LICMutualFund #IndiaGrowthStory #SmallCapIndia #FinancialPlanning #HighRiskHighReturn #निवेशकीबात #MutualFundSahiHai #WealthCreation मुंबई: एलआईसी म्यूचुअल फंड स्मॉल कैप फंड एक बार फिर निवेशकों के बीच चर्चा में है, खासकर उन निवेशकों के लिए जो छोटे शेयरों में दीर्घकालिक संभावनाएं तलाश रहे हैं। फंड ने हाल के वर्षों में भले ही बेंचमार्क के मुकाबले हल्का प्रदर्शन किया हो, लेकिन नए मैनेजमेंट, मजबूत रणनीति और छोटे शेयरों में पुनः उत्साह के चलते यह फंड दीर्घकालिक निवेश के लिए एक सशक्त विकल्प बनता जा रहा है। 📌 फंड की मुख्य जानकारी एलआईसी एमएफ स्मॉल कैप फंड की शुरुआत 15 जून 2017…
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₹50 लाख तक के बीमा दावों के निपटारे के लिए आंतरिक लोकपाल की व्यवस्था का प्रस्ताव: IRDAI
24 Jul

₹50 लाख तक के बीमा दावों के निपटारे के लिए आंतरिक लोकपाल की व्यवस्था का प्रस्ताव: IRDAI

MFNewsBrands, Breaking News, Business, Entertainment, Health, Insurance, Mutual Funds, Opinions, Shares, Technology
#IRDAI #बीमा_लोकपाल #InsuranceOmbudsman #PolicyholderRights #GrievanceRedressal #InsuranceNews #CustomerProtection #बीमा_उद्योग #InternalOmbudsman #IRDAI2025 #बीमा_शिकायत_निवारण #InsuranceTransparency #बीमा_ग्राहक_संरक्षण नई दिल्ली: बीमा नियामक एवं विकास प्राधिकरण (IRDAI) ने बुधवार को ‘इंटरनल इंश्योरेंस ओम्बड्समैन गाइडलाइंस, 2025’ का एक्सपोजर ड्राफ्ट जारी किया। इस मसौदे का उद्देश्य बीमा कंपनियों के भीतर एक स्वतंत्र और निष्पक्ष शिकायत निवारण तंत्र स्थापित करना है, जिससे 50 लाख रुपये तक के दावों को जल्दी और न्यायपूर्ण ढंग से सुलझाया जा सके। यह नियम उन सभी बीमा कंपनियों पर लागू होंगे (पुनर्बीमा कंपनियों को छोड़कर) जो तीन साल से अधिक समय से कार्यरत हैं। 🧑‍⚖️ क्या है प्रस्तावित व्यवस्था? IRDAI के अनुसार, सभी पात्र…
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EPFO Clears Over 98% of Higher Pension Applications: Government Updates Parliament
24 Jul

EPFO Clears Over 98% of Higher Pension Applications: Government Updates Parliament

MFNewsBreaking News, Business, Insurance, Opinions, Technology
#EPFO #HigherPension #EPSAmendment2014 #PensionOnHigherWages #SupremeCourtOrder #SocialSecurity #RetirementPlanning #EPF #LabourMinistry #EmployeeWelfare #EPFOIndia #EPFUpdates #GovtOfIndia #PensionRights #FinancialSecurity New Delhi: The Employees’ Provident Fund Organisation (EPFO) has made significant progress in processing applications for higher pension under the amended Employees’ Pension Scheme (EPS), 2014. As of July 16, 2025, the EPFO has disposed of over 98.5% of the 15.24 lakh applications it received from employees seeking pension benefits based on their actual salaries exceeding the statutory cap of ₹15,000. This update was shared in a written reply to the Lok Sabha by Shobha Karandlaje, Minister of State for Labour & Employment. The clarification…
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Axis Trustee Services Launches Industry-First AI-Powered Chatbot “AVA” to Transform Client Experience
23 Jul

Axis Trustee Services Launches Industry-First AI-Powered Chatbot “AVA” to Transform Client Experience

MFNewsBrands, Breaking News, Business, Health, Insurance, Opinions, Technology
#AxisTrustee #AVA #AIChatbot #FintechInnovation #CustomerExperience #AxisBank #DigitalTransformation #CorporateTrustee #FiduciaryServices Chandigarh: Axis Trustee Services Limited (ATSL), a wholly-owned subsidiary of Axis Bank and a prominent player in corporate and fiduciary services in India, has unveiled AVA (Axis Trustee Virtual Assistant) — the first AI-powered chatbot in the Indian trustee services industry. The launch of AVA marks a major milestone in Axis Trustee’s digital transformation journey, reinforcing its leadership in fintech-driven trustee solutions. Redefining Client Experience with AI With AVA, Axis Trustee aims to elevate client engagement by leveraging artificial intelligence to provide real-time support, faster resolution of service requests, and simplified…
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ICICI Lombard, AWS Deploy Automated Disaster Recovery Solution to Strengthen Business Continuity
23 Jul

ICICI Lombard, AWS Deploy Automated Disaster Recovery Solution to Strengthen Business Continuity

MFNewsBrands, Breaking News, Business, Health, Insurance, Opinions, Travel
#ICICILombard #AWS #DisasterRecovery #CloudInfrastructure #BusinessContinuity #DigitalResilience #InsuranceTech Chandigarh: ICICI Lombard, one of India’s leading general insurers, has successfully upgraded its disaster recovery (DR) infrastructure in collaboration with Amazon Web Services (AWS). The company has transitioned its DR setup from the AWS Asia-Pacific (Mumbai) Region to the AWS Asia-Pacific (Hyderabad) Region, backed by a fully automated, cloud-native architecture designed to ensure uninterrupted services and rapid failover in the event of any disruption. This strategic move underscores ICICI Lombard’s continued focus on digital resilience and operational preparedness, particularly at a time when climate-related risks, global IT disruptions, and technology-related challenges are becoming…
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