UK-based Prudential Plc and HCL Group’s Vama have announced a health insurance joint venture in India. Learn how this partnership aims to transform the Indian insurance landscape.
The Insurance Regulatory and Development Authority of India (IRDAI) has unveiled an innovative payment mechanism, Bima-ASBA (Applications Supported by Blocked Amount), set to revolutionize premium payments for life and health insurance policies. Effective from March 1, 2025, this system allows policyholders to block funds in their bank accounts via the Unified Payments Interface (UPI), ensuring … Read more
