daily current affairs Archives

IRDAI Introduces Bima-ASBA: A New UPI-Based Premium Payment System Effective March 1, 2025

February 21, 2025 by Urvaksh

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

Is Insuring Your Bharat Series Vehicle a Costly Affair? Unlocking Affordability (2 min read)

February 29, 2024 by Urvaksh

Discover the cost dynamics of insuring Bharat Series (BH) vehicles! Learn why insurance premiums for BH series registered cars are not likely to break the bank. Compare plans online for the best deals. The Bharat (BH) series has revolutionized vehicle registration in India, offering seamless transfers across state borders. One burning question among enthusiasts is … Read more

ICICI Prudential Life Insurance Introduces Groundbreaking Annuity Plan with 100% Premium Refund Feature

January 19, 2024 by Urvaksh

Explore the features of ICICI Prudential Life Insurance’s latest offering, the ICICI Pru Guaranteed Pension Plan Flexi with Benefit Enhancer, which stands as the industry’s first annuity plan providing customers the unique option of a 100% premium refund. Learn how this innovative plan addresses retirement planning concerns and aligns with regulatory proposals for fair surrender … Read more

Tim Bailey Assumes ABI Presidency, Joined by Clare Bousfield as Deputy President.

July 5, 2023 by Urvaksh

In a recent development, Tim Bailey, the CEO of Zurich UK, has taken on the prestigious role of the president of the Association of British Insurers (ABI). The appointment of Bailey as the ABI president comes as a result of the governance changes implemented in 2021. He succeeds Barry O’Dwyer, the group CEO of Royal … Read more