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Insurance heavyweight Aviva India is seeing a spurt in business from small and medium enterprises (SMEs) and expects the segment to come up on its own, a top official has said. Anjali Malhotra, Chief Customer, Marketing & Digital Officer at Aviva India, told that the SME line of business is trending at 6-10 per cent […]

Reliance General Insurance Company Ltd on Friday said it has signed a comprehensive Bancassurance agreement with YES Bank to distribute its various products. In a statement issued here, Reliance General – a subsidiary of Reliance Capital Ltd – said the bancassurance agreement – corporate agency agreement – has been inked to distribute insurance products to […]

Max Bupa Health Insurance (MBHI) has launched health ATMs — the first such innovation in the country. These machines will conduct non-intrusive medical tests and issue health policies for up to Rs.10 lakh without manual intervention. Health ATMs will initially be installed in branches of banks that partner Max Bupa for distribution. “This will simplify […]

Reliance Capital,Financial services arm of the Anil Ambani-led Reliance Group, is planning to launch a standalone health insurance venture. Company already offers health insurance products and the move to have a standalone offering is to increase retail presence in the already cluttered mediclaim segment.Addressing the shareholders at his maiden annual general meeting here today, Jai […]

Mumbai based digital payments company and financial exchange Ebix’s ItzCash, has partnered with non life insurance provider HDFC ERGO to offer general insurance products through its physical retail outlets. With Ebix’s major play as one of the world’s largest insurance exchange, this association will further strengthen ItzCash’s position in the Financial Exchange market. Partnership inked […]

Indian insurance companies are lagging their global counterparts in increasing investment in digital technologies and will need to adopt technology required to launch products that meet customer needs, a study by industry chamber CII said on Sunday. “Global average investment in digital technologies is increasing over the years, while the insurance industry in India is […]