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TREND | 21 Feb 2025

Bima-ASBA will eliminate unauthorised deductions: Insurance sector players

Business Standard

Irdai's decision to implement ASBA facility for insurance premium payment will benefit customers by eliminating unauthorised deductions and delayed refunds, say experts. Insurance Regulatory and Development Authority of India (Irdai) has directed life and health insurers to provide Bima-ASBA, a facility wherein a policyholder blocks the amount towards premium in his or her bank account which gets debited only when the policy is issued. Insurers have been asked to implement the new payment mechanism Bima-ASBA (Applications Supported by Blocked Amount) through Unified Payments Interface (UPI). ASBA facility or blocking of funds through UPI is widely used by retail investors in stock market. Commenting on the Irdai's decision, Jitendra Attra, Chief Financial Officer, SBI General Insurance said Bima-ASBA is a significant step toward enhancing transparency, security, and ease in insurance premium payments. "By enabling policyholders to authorise premium payments directly from their ban

KRChoksey released a Top Picks report for Insurance on 30 Apr, 2025.

Insurance firms asked to contribute capital to Bima Sugam by month's end

Business Standard | 21 Feb 2025

Insurance

TREND | 21 Feb 2025

Life Insurance: One sector, diverse fortunes

livemint

Despite belonging to the same industry, catering to largely the same customer base, and being governed by more or less the same set of rules and regulations, life insurance stocks have delivered diverse investment outcomes

KRChoksey released a Top Picks report for Insurance on 30 Apr, 2025.

Insurance

TREND | 20 Feb 2025

Dinesh Pant, Ratnakar Patnaik Appointed LIC Managing Directors

NDTV Profit

Life Insurance Corp. is helmed by Siddhartha Mohanty, who currently serves as the chief executive officer and managing director.

KRChoksey released a Top Picks report for Insurance on 30 Apr, 2025.

IRDAI imposes 1 crore penalty on UIB Insurance Brokers

Business Line | 20 Feb 2025 8 more

Insurance

TREND | 18 Feb 2025

IRDAI permits one-time UPI mandate for buying life, health cover

Business Line

Bima - ASBA facility allows users to block funds in their bank accounts for specific transactions, ensuring availability of funds while deferring actual payments

KRChoksey released a Top Picks report for Insurance on 30 Apr, 2025.

Insurance

TREND | 18 Feb 2025

Significant Indian names join DIFC in 2024 as centre marks its 20th year

Business Standard

As the Dubai International Financial Centre (DIFC) continues to bolster Dubai's position in the Middle East, Africa and South Asia (MEASA) region's financial services capital during its 20th year, a significant list of Indian names has been joining the bandwagon. Significant Indian company names added this year include ASK Asset & Wealth Management Group (Wealth Management), AI/tech unicorn, Nagarro. According to a statement released here on Tuesday, Middle East & Asian countries contributed the highest (51 per cent) for DIFC's growth in 2024. Indian companies under financial services include Bharat Re Global Ltd, El Dorado Capital Ltd, Beacon Insurance Brokers, Fort Capital, Mahindra Insurance Brokers, and Nuvama Wealth and Investment Ltd. DIFC houses 6,920 companies, up from 5,523 in 2023, registering a 25 per cent increase. DIFC attracted 1,823 new registrations, the highest-ever number recorded in a year, showcasing historic growth of 25 per cent. Combined revenues for...

KRChoksey released a Top Picks report for Insurance on 30 Apr, 2025.

Insurance

TREND | 18 Feb 2025

360 ONE Asset acquires 15% stake in Bharti AXA life insurance

Business Line

Strategic investment aims to bolster growth and innovation in India's life insurance sector

KRChoksey released a Top Picks report for Insurance on 30 Apr, 2025.

360 ONE Asset to buy into Bharti AXA Life

Economic Times | 18 Feb 2025 1 more

Insurance

TREND | 16 Feb 2025

Bima Vahak's portal is ready for soft launch in April 2025, says Irdai

Business Standard

The regulator also said, "A compliant, simple, comprehensive, and customer-friendly model has been signed off by the top brass of the industry."

KRChoksey released a Top Picks report for Insurance on 30 Apr, 2025.

Bima Vistaar: Decks cleared for the first-ever all-in-one insurance plan

Business Line | 16 Feb 2025

Insurance

TREND | 15 Feb 2025

Insurance query: Key factors to consider to ensure right health cover

Business Line

How to make an informed decision with so many options

KRChoksey released a Top Picks report for Insurance on 30 Apr, 2025.

Insurance

TREND | 14 Feb 2025

52 Week Low Stocks Today on February 14, 2025: Varun Beverages, Iris Clothings & others hit 52 week low today ;Check the full list here

livemint

52 Week Low Stocks Today on February 14, 2025: Following shares hit their 52 week low today - Varun Beverages, Iris Clothings, Life Insurance Corporation of India, CANARA BANK, Hero Motocorp

KRChoksey released a Top Picks report for Insurance on 30 Apr, 2025.

Insurance

TREND | 14 Feb 2025

Street's Nine: Big insurers submit IPO plans to IRDAI

Economic Times

The IRDAI had asked 10 large insurance companies, also including Bajaj Allianz Life, Bajaj Allianz General, Tata AIA, and Tata AIG General Insurance, to submit listing plans by the first week of February. While nine have now submitted their plans, one has asked for time until later this month to submit its proposal, the person said.

KRChoksey released a Top Picks report for Insurance on 30 Apr, 2025.