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Author: Bfsinxt Desk
Recently on June 10, IRDAI had reduced the number of off-line returns being submitted by Life Insurers from forty to only four whereas the number of online returns would come down from eight to five. Further, three separate certification requirements have also been consolidated into one.
Khanaz’s primary responsibility will include handling Simpl’s D2C products such as pay-in-3 and formulating new strategic initiatives aime at product growth.
According to RedSeer, category-wise digital insurance penetration, has a Total Addressable Market (TAM) of 66.5 Bn USD, the life insurance category comprised close to three-fourths of the market, followed by motor insurance which has a TAM of 10 Bn USD and retail health insurance which has a TAM of 4.7 Bn USD, as of this year, FY22.
Kotak said post the increase in the rates will encourage savings behaviour among consumers and the rate changes will come into effect on June 13, 2022.
The tie-up between ICICI Bank and Zest Money is intended towards enhancing affordability of millions of customers of the bank who can use pre-approved cardless credit to instantly buy products and services using ZestMoney.
MoneyyApp would use the funding to expand its operations, work on product development and create awareness around the application. The startup’s target audience is the millions of creators making content on various social media platforms but majorly from Youtube.
Axis Bank said apart from a surcharge waiver at fuel outlets and cashback on fuel spends, the credit card comes with a host of other benefits on everyday transactions through accelerated reward points, instant discount on movie tickets, and dining delights at partner restaurants.
The co-branded credit card named ‘Bajaj Finserv DBS Bank SuperCard’ is designed to de-clutter customers’ wallets and eliminate the need for multiple credit cards
Cashfree said the fund settlement will occur through Authorized Dealer Banks, and directly go out to universities outside of the Indian Territory, ensuring a secure and smooth transaction.