Firms want insurance companies to pay “loss of profit” due to COVID-19
Quite a few companies are eyeing claims under what is known as the “loss of profit” clause in their insurance contracts. This typically covers losses due to factory shutdowns when unforeseen circumstances such as fire or accidents occur.
Financial service providers step up measures to fight coronavirus, urge digital usage
SBI Card in a communication to customers has said it is...
L&T-run investment trust acquires 8 Sadbhav road projects
Larsen & Toubro (L&T)-run investment trust IndInfravit has fully acquired eight operational road projects of Sadbhav Infrastructure at an enterprise value of Rs 6,300 crore. Of these 8 projects, 6 are toll roads while the remaining 2 are annuity roads, with total length of 2,300 km across states like Karnataka, Maharashtra, Rajasthan and Telangana.
Here’s what market watchers are saying about the wild turnaround
S&P 500 futures rose after the index dropped yesterday by the most since 1987.
YES Bank AT1 bond write-down: These MFs, pension funds stand to lose most
Miffed by RBI’s plan, some bondholders of Yes Bank have filed a court petition.
How insurance will change if life insurers are allowed to sell health packages
For some strange reason companies that insured your life were not permitted to insure against illness. The regulator has taken a baby step in to permit life insurers cover your health. When it happens, without conflict of interest of dominant shareholders, it would be a new dawn.
PhonePe in insurance with Bajaj Allianz
The digital payments player said on Thursday that more such partnerships with a range of financial companies may be in the offing in the coming months in order to further diversify its service catalogue.
Life insurance companies may offer more health policies
Irda said that it set up the committee following representations from life insurers seeking expansion of their product offerings to make better use of their distribution networks.
Rapid global spread of infection sends FPIs packing from D-Street
The Volatility Index (VIX) surged 8 per cent to 18.3, highlighting increasing nervousness.
January records PE investments worth $2.5 billion: Report
In terms of number of PE/VC investments January 2020 was at par with January 2019.
Bajaj Finserv Q3 results: Profit surges 32% to Rs 1,126 crore; total income up 31%
Bajaj Finserv is the holding company of Bajaj group’s financial services businesses.
Soon, you’ll get to buy one policy for many cars
ICICI Lombard’s floater is an app-based interface that will help link multiple vehicles together & offer coverage.
Bajaj Allianz General Insurance moves core operations to TCS Bancs on cloud
"With this new cloud platform, we will be able to leverage an array of digital technologies in addition to optimizing our infrastructure for better availability and scalability," Tapan Singhel, Managing Director and CEO, Bajaj Allianz General Insurance, said.
Insurance frauds: How data analytics and rigorous checks are trying to eliminate bogus claims
Bogus claims are as old as the industry itself. Despite insurers’ best efforts, fraudsters have been mostly ahead of them. But with the rise in data analytics and rigorous checks, the industry at last appears to be close to eliminating such malpractices.
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