Tata AIA Life Insurance (Tata AIA) has unveiled a women-centric digital campaign, "Empowering You to Achieve Your Dreams", aimed at empowering Indian women to take control of their financial planning while fulfilling their dreams and aspirations.
HDFC Life has launched a new insurance plan which offers guaranteed income of 11% to 13% annually as a percentage of the sum assured under the policy. The product HDFC Life Guaranteed Income Insurance plan also offers guaranteed, regular, tax-free benefits and guaranteed death benefits.
Edelweiss Tokio Life Insurance has launched a new income-oriented life insurance product called Premier Guaranteed Star, offering guaranteed regular income till the policy term on payment of all due premiums.
Private insurer ICICI Prudential Life Insurance's assets under management (AUM) have crossed INR2.5-trillion (US$30.18-billion) mark, the company said in a release.
Over 225,000 death claims due to the pandemic were settled by insurance companies up to March 2022, the Insurance Regulatory and Development Authority of India (IRDAI) said in its recently released annual report.
Tata AIA Life Insurance has announced the launch of its Emerging Opportunities Fund that will invest in mid-cap companies and emerging market leaders with the potential to generate significant future growth.
ICICI Prudential Life Insurance has launched a long-term savings scheme called "ICICI Pru Sukh Samruddhi," which provides customers with benefits of guaranteed income, potential bonuses, and life cover for the policy duration.
Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), has announced the launch of India's first instant policy issuance service on WhatsApp.
About 89% of married women depend on their spouses when it comes to matters pertaining to financial planning, according to a survey by Tata AIA.
The INR600-billion (US$7.3-billion) Indian health insurance market has the potential to register a 30%-35% compound annual growth rate (CAGR) as against the CAGR of 19% in the past five years, Debashish Panda, Chairman of Insurance Regulatory and Development Authority of India (IRDAI) has said.
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