'Our new business premium is around Rs 700 crore, which we want to take to Rs 2,000 crore.'
While investments are typically reviewed annually, risk cover is often left unchanged for years.
Sunil Bharti Mittal-led conglomerate Bharti Enterprises and private equity firm Warburg Pincus will collectively acquire a 49 per cent stake in Haier Appliances India, the local unit of China's Shandong-based Haier group, for an undisclosed amount. The transaction, according to industry sources, values the company at about 15,000 crore.
Insurance intermediaries who receive disproportionately high commissions are likely to see a decline in their payouts, post the new Insurance Amendment Bill. The new Bill gives the Insurance Regulatory & Development Authority of India (Irdai) the power to disgorge unlawful gains made by insurers and intermediaries as well as the right to limit commissions paid to intermediaries.
The DPDP rules, which have come into effect, require companies to implement a data protection and consent management system by November 2026.
After dominating the telecom space, Bharti on Monday forayed into the life insurance sector with its joint venture with global insurance major Axa Asia Pacific launching its operations in India with two products.
Bharti Axa General Insurance on Tuesday launched an add-on insurance product for car owners, which will provide them full purchase price of the vehicle for the first two years, in case of theft or loss.
Young investors with a higher risk appetite are better off with a combination of term insurance and equity funds.
While a company spokesperson said Bharti would either dilute its stake or exit the venture, the fund house is trying to rope in a bank to strengthen its distribution network. In addition, an asset management venture is seen to have closer links with banks, which are looking to offer a wide range of financial products.
The key team members are in place. Prateek Agrawal, the equity head is from ABN AMRO AMC, Sujay Das, the fixed income head came from DSP Merrill Lynch AMC and Nanda Kishore S, the marketing head is from Sundaram BNP Paribas AMC. Dasgupta himself is from Deutsche AMC. Bharti-AXA has a 35-member strong team, which would be expanded to 70 by June.
The Insurance Regulatory and Development Authority of India's (Irdai's) decision to allow insurers to hedge risks through equity derivatives will help them manage market volatility and protect policyholder returns. However, this move is unlikely to alter their investment strategies.
The Rs 6,145-crore initial public offer of electric two-wheeler company Ola Electric Mobility got fully subscribed on the second day of bidding on Monday, driven by demand from retail investors and non-institutional investors. The initial share sale received bids for 49,43,63,610 shares against 46,51,59,451 shares on offer, translating into 1.06 times subscription, according to the NSE data.
Bharti Enterprises on Tuesday said it expected to start its life insurance venture with French major Axa by June end.
Younger people, who usually have a longer investment horizon which allows them to handle the interim volatility, may go for them.
Mannapuram Finance, Mahindra and Bharti Axa are some of the firms known to have bought office spaces worth more than Rs 100 crore
The company received a fresh equity infusion in 2012-13.
Visa and 20 insurance companies in India have joined forces to make paying life and general insurance premiums "faster and easier" through a range of new payment options for Visa cardholders
Having got the regulatory clearance to offer add-on insurance policies, non-life insurers are now preparing to launch the same in the coming weeks. Some of the insurers have said, however, that they need some time to launch these products. They say that, unlike commercial products which can be launched straight away, products meant for retail consumers need a certain level of preparation before they are ready for sale.
Bharti AXA General Insurance has introduced four new add-on covers under its motor insurance portfolio, which will be available with the company's existing product -- SmartDrive Private Car Policy. The company has launched Hospital Cash, Medical Expenses, Ambulance Charges Cover and Depreciation Cover.
It's best to stick with a term plan and invest the balance in a low-cost investment.
Mutual fund analysts attribute this to the volatility in the debt markets over the last two months. Saurabh Nanavati, chief executive officer, Religare Asset Management Company, said, "In the last three months, many debt funds found themselves in trouble due to the rise in the 10-year government securities' yield. In such a scenario, the funds will not be in a position to distribute dividends on a regular basis as they are not generating income."
Anita Dewan, vice president of marketing at Bharti AXA Life Insurance on handling gender discrimination and achieving success against odds.
Irda nod to policies with flexible premium, sum assured and tenure.
Sukhwinder Kaur doggedly pursued her case against Bharti Axa Life Insurance in the consumer courts.
The minimum entry age for both plan is 18 years.
Corporates are foraying into portfolio management services, with biggies like Reliance Money, Bharti Axa, Tata Capital and others taking the plunge.
While all of us have those lovely visions of walking on the beach or roaming around the world, most go through a rude awakening when it actually happens. Imagine after over 35 years of working, there comes a day when there is nothing to do and that too, every single day. Most professionals cannot visualise such an eventuality.
Some insurance companies offer zone-based pricing.
Twenty years after India's insurance sector was opened up, unshackling the control of state-owned companies, as many as 50 private players have set up shop. Along with their foreign partners, private players have brought about a sea change in the product offering, distribution and underwriting processes, and services levels. Yet, India's insurance penetration needle has not moved much.
Bharti Retail launched its first mall, The Pavilion, in Ludhiana.
All costs relating to room, boarding, nursing expenses, medical consultation including telemedicine, consumables such as PPE kits and intensive care unit will be covered under the policy. It will also include the cost of treatment for any other co-morbidities, including pre-existing comorbid conditions along with the treatment for Covid-19.
The highest domestic package, however, fell 10 per cent
The GST to be implemented from April 1, 2016, will increase the premiums.
First-time buyers advised to take offline route, so are those looking for specific feature or higher cover.
It will bring in more transparency and reduce mis-selling
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The benchmark has gained 2 per cent this week on continued hopes the incoming Narendra Modi government would unveil substantial economic reforms.
Indian market has been plagued by negative sentiment and triggers
Don't panic if your car is stolen because your insurer is liable to pay the full amount as compensation, but you need to keep in mind that your claim should be genuine because most of the insurers try to avoid such claims, says Harjot Singh Narula
'Policy was more in line with the expectations.'
Customers should be fully aware of what their policy covers and should follow claim procedures meticulously, says Sanjay Kumar Singh.
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