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Long-term Third-Party, Own Damage motor insurance cover proposed: Know proposed features, price, premium [ad_1] The Insurance Regulatory and Development Authority of India (IRDAI) has proposed to introduce long-term motor insurance products comprising Third Party insurance and Own Damage cover. In August 2020, the regulator had withdrawn the mandatory purchase of long-term comprehensive insurance policies having combined features covering Own Damage ...

Govt to launch first surety bonds for road contractors on December 19 The road transport and highways ministry will launch the maiden surety bonds insurance product by general insurance companies for highway contractors on December 19, Union Minister Nitin Gadkari said on Thursday. The announcement comes two years after the ministry had requested the Insurance Regulatory and ...

Maintenance against property must be written in gift deed: Supreme Court [ad_1] (This story originally appeared in on Dec 08, 2022) NEW DELHI: The Supreme Court has ruled that parents gifting their property to children in lieu of being cared for in their old age must put this condition in writing in the gift deed. Otherwise, the property gift can’t ...

New business premium of life insurance companies rises 30% in November Life insurance companies reported a 30 per cent year-on-year (YoY) growth in new business premiums (NBP) in November due to a stellar show by state-owned Life Insurance Corporation (LIC), even as private insurers saw their premium growth moderating. Data released by the Insurance Regulatory and Development ...

EPF withdrawal: How to make a claim for final PF settlement online [ad_1] EPF withdrawal: How to make a claim for final PF settlement online [ad_2]

IndusInd Bank enters into Rs 500 crore co-lending pact with SV Credit Line Private sector IndusInd Bank announced its tie-up with non-banking finance company SV Credit Line for a co-lending agreement for Rs 500 crore loan exclusively to women borrowers. The agreement will help rural women access to affordable loans which they could use for a wide ...

6 important bank locker rules that came into effect in 2022 [ad_1] [ad_2]

Rupee gains 3 paise to close at 82.44 against dollar on positive equities The rupee consolidated in a narrow range and settled 3 paise higher at 82.44 (provisional) against the US dollar on Thursday, supported by positive domestic equities. At the interbank foreign exchange market, the local unit opened at 82.34 and touched an intra-day high of ...

UPI single block multiple debit facility coming soon: How it will help you [ad_1] [ad_2]

ADB approves $780 mn loan to expand Chennai’s metro rail network The Asian Development Bank (ADB) on Thursday approved financing of $780 million to build new lines for Chennai’s metro rail and improve the network’s connectivity with bus and feeder services. The project will construct 10.1 km of an elevated section between Sholinganallur to State Industries Promotion ...