Keep records, communicate: Dealing with unclaimed insurance policies

"Unclaimed life insurance funds are the unclaimed death or survival benefits from policies," says Tarun Mathur, co-founder and chief business officer, Policybazaar.com. Such funds are proceeds of insurance policies, including death or survival benefits, not claimed by the beneficiary or the policyholder.
 

“Cashless everywhere”, ease of hospitalisation initiative, runs into hiccups
Mumbai: The “cashless everywhere” initiative to ease hospitalisation woes for patients has run into difficult terrain, a little over a month after it was announced by the General Insurance Council.

Bajaj Allianz General launches GenAI-powered bot 'Insurance Samjho'

The bot aims to address the dissatisfaction of policyholders during claim settlement arising due to lack of understanding, intricate details and fine print of the insurance policy.

Acko appoints Animesh Das as CEO, elevates Sanjeev Srinivasan to board role

Das, who currently serves as the chief underwriting officer, brings more than a decade of experience in the insurance sector across product design, pricing, market strategy, and risk management.
 

International Women's Day 2024: Often pushed myself out of my comfort zone, says Shanai Ghosh of Zuno Insurance
In all my roles and interactions, I have chosen never to let gender come into the equation, even if the other person did, says Shanai Ghosh, MD & CEO, Zuno General Insurance.

Future Generali India launches new women’s health insurance plan
Future Generali India Insurance Company (FGII), a private general insurer, on Thursday announced the launch of its most comprehensive women’s health insurance plan. The plan is designed to meet women’s unique needs.

SEBI bars JM Financial from acting as lead manager to new public debt issues
Mumbai: Two days after the Reserve Bank of India asked JM Financial Products to stop financing against shares and debentures, the capital markets regulator SEBI on Thursday barred the parent company JM Financial from acting as the lead manager for any new debt public issue. As per the order, JM Financial will no longer be able to act as a lead manager for any public debt issue. However, it has been allowed to continue as lead manager for existing debt public issue mandates for another 60 days.

Zerodha onboards NPS and offers seamless access to retirement savings product for its customers
Zerodha, a leading stock broking platform, has onboarded the National Pension System (NPS) on its web app, expanding the engagement of PFRDA with fintech entities.  PFRDA Chairman Deepak Mohanty inaugurated Zerodha Broking Limited’s NPS web-app in the capital on Thursday.  The app offers seamless access to NPS to a wider subscriber base.

AMFI calls for stress test on mid, small-cap schemes
Mumbai: The Association of Mutual Funds in India (AMFI) has asked fund houses to conduct stress test on their mid- and small-cap schemes based on last month data and disclose the findings before March 15. The move comes on the back of market regulator SEBI’s concern over froth in these schemes amid relentless flow despite large fund houses restricting inflows due to lack of investment opportunity at right valuation.

Helios Mutual Fund plans to launch 6 new equity-oriented funds by March, 2025
Kolkata: Helios Mutual Fund plans to launch as many as six new equity-oriented funds by March next year to increase its assets under management (AUM). “We want to launch at least five-six more funds by March, 2025, so that the obvious big categories are completed. These would be equity-oriented funds,” Helios Capital Founder Samir Arora told businessline.

New Fund Offer: DSP Mutual Fund launches DSP US Treasury Fund of Fund – Check details
DSP Mutual Fund has announced the launch of DSP US Treasury Fund of Fund (DSP UST FoF), an open-ended fund of funds scheme investing in units of ETFs and/or Funds focused on US Treasury Bonds.

International Women's Day 2024: How can investing in a mutual fund scheme empower women financially?
World of women is evolving every day. We aspire to be self-reliant and independent. We have the potential to nurture colourful dreams and achieve difficult goals in life. And we realise that financial freedom is one of the most important things we must have to chase our dreams.

Colossa Ventures plans to raise entire Rs 500 crore for first fund in 18-24 months
Mumbai-based venture capital firm Colossa Ventures intends to raise the entire Rs 500 crore for its maiden fund in the next 18-24 months, for which it is in discussions with a host of Indian and global institutions. Separately, the firm also marked the first close of the woman-centric fund, Colossa WomanFirst Fund, at Rs 100 crore, a top executive said.

IIFL Fin may put dollar bond issue on hold amid RBI curbs
Mumbai : IIFL Finance, which had plans to sell dollar bonds, may now have to put the proposed fundraising on hold after the central bank ordered curbs aimed at de-risking its gold-loan business.
 

Look who scooped up Indian bonds since the JP Morgan move
Mumbai : Foreign banks, sovereign wealth funds (SWFs), two categories of investment managers, and broker dealers gorged on Indian debt after JP Morgan Chase & Co. greenlit Indian government bonds for its emerging market index, depository data showed.