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Vishal Gupta, CEO of PhonePe Insurance said, “PhonePe’s innovative approach and customer-centric solutions have played a pivotal role in reshaping the landscape of the digital insurance space. True to its ethos of positive disruption, PhonePe is revolutionizing the insurance buying experience in India. Our monthly premium plan for health insurance is another step in our commitment to providing innovative, customer-friendly solutions that truly address the needs of the modern Indian consumer. “
The tie-up with City Union Bank will enable Tata AIA Life to expand its distribution through CUB’s 700+ branches
Ensuredit aims to utilize this funding to ramp up product offerings and expand the technology team.
India’s insurance regulator, Insurance Regulatory and Development Authority of India (IRDAI) has spelled out ten problem statement for insurance ecosystem…
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.
Generali completes the transaction to become the majority shareholder in General insurance biz in India
IRDAI’s Open House is intended to invite suggestions from all the regulated entities for achieving the overall objective of increasing insurance penetration in the country and to work towards resolution of impediments hindering the process.