Insurance
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Former LIC officer, agents sent to jail for duping company with fraudulent death claims
Crime | Feb 18, 2020, 11:42 PM ISTA former Life Insurance Company (LIC) officer and two agents have been sent to jail following a complaint by Central Bureau of Investigation (CBI)
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Budget 2020: BIG relief for bank depositors! Insurance cover hiked from ₹ 1 lakh to ₹ 5 lakh
Business | Feb 01, 2020, 01:14 PM ISTBank deposit insurance cover hiked: Finance Minister Nirmala Sitharaman on February 1, 2020, announced a hike in insurance cover for bank depositors and said depositors' money is absolutely safe. Deposit Insurance and Credit Guarantee Corporation has been permitted to increase deposit insurance coverage to Rs 5 lakh per depositor from Rs 1 lakh.
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HDFC ERGO Health to merge with HDFC ERGO through share swap
Business | Jan 16, 2020, 05:22 PM ISTHDFC ERGO Health erstwhile Apollo Munich Health Insurance will merge with HDFC ERGO through a share swap deal. The board of director of HDFC ERGO and HDFC ERGO Health at its meeting on January 15, approved a scheme of arrangement and amalgamation between the two entities, HDFC Ltd said in a regulatory filing.
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Non-life insurers register 13 pc rise in Nov premium to Rs 14,591cr
India | Dec 18, 2019, 09:00 PM ISTNon-life insurance companies registered a rise of 13.1 per cent in their collective premium in November to Rs 14,590.50 crore, data from Irdai showed
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Man fakes his murder for loan waiver, insurance money in Amritsar
Crime | Dec 07, 2019, 08:14 PM ISTA man whose family operated a wholesale business of soft drinks in Amritsar allegedly faked his own murder after eliminating someone else for loan waiver and insurance money, police said on Saturday. The Tarn Taran police said Anoop Singh did this to have financial gains over Rs 1 crore.
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LIC policy holder? Life Insurance Corporation has good news for you!
Business | Dec 05, 2019, 07:44 AM ISTAre you LIC policy holder and have to pay extra charges during the payment of policy premium? Then from now, you don't have to pay any additional charges on LIC policy premiums. The Life Insurance Corporation or LIC has waived off the convenience fee on all payments, including payment through credit cards.
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Good News! These govt employees to get ₹10 lakh accident insurance cover. Check details
Business | Dec 04, 2019, 12:23 PM ISTPrime Minister Modi-led government has a New Year gift for Jammu and Kashmir government employees. As per reports, more than 3.5 lakh employees of Jammu and Kashmir government will get a Rs 10 lakh personal accidental insurance cover with the administration approving a policy proposal on Tuesday.
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Should you invest in Sukanya Samriddhi Yojana or fixed deposits?
Brand Content | Nov 01, 2019, 01:58 PM ISTSukanya Samriddhi Yojana is a savings scheme, backed by the Government of India, which enables parents of girl children to build a fund for their future education and wedding expenses.
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SBI posts six-fold rise in Q2 profit at Rs 3,375 crore
Business | Oct 25, 2019, 04:24 PM ISTThe country's largest lender SBI on Friday reported a nearly six-fold jump in its September quarter consolidated net profit at Rs 3,375.40 crore, prominently aided by a partial stake sale in its life insurance venture.
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SBI Debit Card Holder? Get different insurance covers upto Rs 50 lakh
Business | Oct 15, 2019, 12:41 PM ISTDid you know? like credit cards, the State bank of India or SBI debit cards also come with insurance cover. SBI provides different insurance covers up to ₹ 10 lakh to ₹ 50 lakh, depending on the type of your debit card. From SBI Gold to Business card and Master to Visa card, the insurance cover differs.
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Uber to offer accident insurance to riders
Business | Sep 25, 2019, 05:26 PM ISTUber, which operates in over 40 Indian cities, has partnered with Bharti AXA to provide insurance to car rides and with TATA AIG for auto and moto rides.
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New motor vehicles law pushes online auto insurance sales
India | Sep 05, 2019, 05:56 PM ISTAccording to insurance web aggregator PolicyBazaar, 90 per cent of the policies sold in the last three days belong to consumers with lapsed plans.
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Crop insurance claims of Rs 9,046-cr paid to 80 lakh farmers in kharif 2018: Government
India | Jul 09, 2019, 06:37 PM ISTThe government has paid crop insurance claims worth Rs 9,046 crore to 80 lakh farmers for the Kharif 2018 season under PMFBY and RWBCIS, Parliament was informed on Tuesday.
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Bengal rolls out free crop insurance scheme for farmers
India | Jun 28, 2019, 06:25 PM ISTThe crop insurance scheme would be "free of cost for the farmers" as the government would pay the entire premium and the insurable crops are Aman and Aus paddy, jute and maize.
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Third-party insurance for cars, 2-wheelers to become costlier from June 16
Business | Jun 06, 2019, 07:56 PM ISTCar and two-wheeler insurance will cost more from June 16 with regulator Irdai increasing the mandatory third party (TP) motor insurance premium by up to 21 per cent for certain categories.
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Riverbed Technology to hire professionals in banking, financial and insurance services
Jobs | Apr 12, 2019, 05:48 PM ISTThe IT and performance management company experienced subscription and software-as-a-service (SaaS) bookings growth of 89 per cent globally, and a massive 300 per cent growth in India
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Toxic IL&FS bonds: From Army Generals to jawans, all risk losing hard earned money
Business | Mar 16, 2019, 11:50 AM ISTThe Army Group Insurance Fund (AGIF) has exposure to toxic IL&FS bonds amounting close to Rs 210 crore. Indian Army officials met the new board of the IL&FS seeking a solution of this issue. However, there are no direct answers on who will pick up the liability.
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Should you invest in Sukanya Samriddhi Yojana or fixed deposits?
Business | Jan 28, 2019, 10:05 PM ISTSukanya Samriddhi Yojana is a savings scheme, backed by the Government of India, which enables parents of girl children to build a fund for their future education and wedding expenses.
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IRDAI acts tough, says no vehicle insurance without pollution certificate
India | Jul 09, 2018, 07:35 PM ISTIRDAI in a notification has directed all general insurance companies not to insure a vehicle unless it has a valid pollution under control certificate.
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How to Take Care of Your Finances as a Musician or any Performing Artist
Business | Feb 01, 2018, 05:40 PM ISTStay away from unnecessary spending, choose needs over wants, invest in suitable types of financial instruments, and enhance your artistic skills with practice and innovation.