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INSURANCE PROTECTION
Cabinet raises EPFO wage ceiling to Rs 25,000 from Rs 15,000The government has increased the provident fund wage ceiling to Rs 25,000 monthly. This significant move aims to expand social security cov...- EPF wage ceiling hiked to Rs 25,000: How much employees gain and what it costs the governmentIn a significant move, the government has lifted the provident fund wage ceiling to Rs 25,000 monthly, bringing over 51 lakh new employees ...
- EPFO wage ceiling raised to Rs 25000 per month; over 10 million formal sector workers to benefitThe enhanced wage ceiling, approved by the Cabinet on Wednesday, will put additional financial burden on employees and the government while...
- India Inc seeks legal safeguards as agentic AI raises liability risksWith the growing apprehension surrounding AI safety, Indian businesses are consulting legal experts about the implications of liability lin...
- Employer-funded life insurance: How group term cover, riders and keyman insurance can strengthen your protectionThe base GTL is where most organisations start. Voluntary enhancement provides affordable cover without underwriting hurdles. Riders extend...
- Oriental Insurance hopes to turn corner in FY27 assisted by NSE stake dilutionLooking ahead, Oriental Insurance Company projects a profitable turnaround by 2026-27, facilitated by a planned stake dilution in the Natio...
- AI-led payments will need strong risk checks as trust remains critical: Amazon Pay India CEOAs artificial intelligence increasingly makes digital payments more contextual and automated, strong risk checks will remain critical to ma...
- Selling insurance but not handling customer grievances: IRDAI fines IndusInd Bank Rs 1 crore; here's what policyholders should knowIndusInd Bank faces a Rs 1 crore penalty from IRDAI for failing to provide an adequate, insurance-specific grievance redressal mechanism fo...
- AI alone won’t close India’s insurance gap as NITI Aayog seeks industry help to reach the ‘missing middle’To effectively narrow the insurance gap in India, collaboration between government and private entities is crucial, as technology alone is ...
- US to issue $500 Obamacare refunds to nearly a million AmericansNearly one million Americans will receive $500 refunds from the Trump administration. These payments address overcharges on federal Obamaca...
- OBPPs pitch investor protection fund for retail bond investorsProviders of online bond platforms are advocating for the creation of a new investor protection fund. This initiative is designed to serve ...
- Safebox raises $1.11 million seed round to build India’sfamily wealth protection categorySafebox has successfully secured $1.11 million in seed funding to revolutionize wealth management for Indian families. By focusing on conso...
- Zuno Gen Insurance promises to cover damage to cars due to blended fuel useZuno General Insurance has launched a new product called Fuel Guard. This add-on covers damage to cars caused by blended fuel use. The prod...
- Shriram General Insurance inks pact with SK Finance for distribution of insurance productsShriram General Insurance has partnered with SK Finance to enhance customer access to insurance products in vital markets. This exciting co...
- LIC expects no immediate government stake sale, eyes long-term growth: CEOLIC does not expect the government to sell another stake in the insurer in the immediate future, CEO R Doraiswamy said. The state-owned ins...
- Whose bill is it when the fire spares the house but poisons the air? California just made that callCalifornia wildfire survivors gain new protections with the Smoke Damage Recovery Act. This legislation establishes the nation's first scie...
- Should homemakers buy a term plan? Here’s why their unpaid work has real financial valueThe contributions of homemakers to household management have substantial economic significance that is now being acknowledged by life insur...
- ₹1 crore health insurance for each of 18 family members at just ₹7,000 a year: Marwadi grandfather’s secret strategy to handle medical emergency goes viralMarwadi grandfather pays ₹7,000 a year to insure 18 family members for ₹1 crore: A wealth advisor’s viral X post highlights how a Marwadi g...
- Curb misselling, not agents: Insurance reform needs a scalpel, not a hammerIndian insurance regulators are rethinking intermediary payment structures to reduce misselling. Proposed reforms aim to lower distribution...
- Govindas get bigger safety net for Dahi Handi celebrationsGovindas participating in Dahi Handi celebrations now have doubled accidental hospitalisation cover. This increased protection comes with a...
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