Bajaj Allianz renews tie-up with Shamrao Vithal Co-operative Bank

Shamrao Vithal Co-operative Bank has renewed its tie up with Bajaj Allianz Life Insurance Company, one of India’s leading private life insurers, for the second consecutive term, further strengthening the relationship between the two organizations The arrangement will make available the wide array of Bajaj Allianz Life’s products to over ten lac customers spread across 7 states & 126 select branches. The wide range of product also include group insurance plans that are economically priced and are meant for covering certain class of loan borrowers of the bank. Read more

IRDA not keen to increase equity investment cap for private insurers

The Insurance Regulatory and Development Authority (IRDA) is not keen to increase the equity investment cap for private insurers. At present, the equity investment cap for private insurers is 10%, Radhakrishnan Nair, member (finance & investment) of IRDA, said. Read more

Max Life Insurance launches igenius Young Authors Hunt

Max Life Insurance, one of India’s leading life insurance companies, took its igenius programme to new heights with the announcement of igenius Young Authors’ Hunt. This new initiative aims to promote writing talent in young Indians that will culminate in a book of stories. This is an opportunity for children under 15 years to unleash their imagination and take the first step towards becoming literary geniuses. Read more

New India Assurance to pay man Rs 3.56 lakh compensation in road mishap

A man, who had been hit by a rashly-driven Honda City car and sustained grievous injuries eight years ago, has been awarded a compensation of over Rs three lakhs by a Motor Accident Claims Tribunal (MACT) here. Read more