Tata AIA Life Insurance has announced the launch of two new fund offerings—Tata AIA Life Tax Bonanza Consumption Fund and Tata AIA Life Tax Bonanza Consumption Pension Fund. Both funds are aimed at tapping into the changing consumption patterns in India. The New Fund Offer (NFO) period is from March 24 to March 31, 2025, …
Tata AIA Life Insurance has introduced the Shubh Flexi Income Plan, a non-linked, participating life insurance savings product. The plan offers policyholders flexible payout options, which are suitable for different financial goals. Payout Options The Shubh Flexi Income Plan provides three payout options: End-of-Term Lump Sum: Under this option, policyholders receive a lump sum amount …
Bajaj Allianz Life Insurance has launched the Focused 25 Fund, a unit-linked insurance plan (ULIP) fund that aims to provide long-term capital appreciation. The fund follows a concentrated investment approach, holding up to 25 stocks across market capitalizations, with a primary focus on large-cap companies. The New Fund Offer (NFO) is open until March 20, …
Hospitals in Ahmedabad have decided to halt cashless treatment for patients covered under Star Health and Tata AIG policies, citing ongoing financial disputes with insurance companies. The move follows concerns over delayed reimbursements, arbitrary tariff structures, and the unilateral blacklisting of healthcare providers. As a result, policyholders will need to bear medical expenses upfront and …
New Delhi, Mar 10 (PTI) Regulator Irdai on Monday permitted insurance companies to undertake transactions in bond forwards as users for hedging interest rate risks. The Reserve Bank has recently issued directions specifying that any entity, eligible to be classified as a non-retail user shall be eligible to undertake transactions in Forward Contracts in Government …
ICICI Prudential Life Insurance has introduced ‘ICICI Pru GIFT Select,’ a long-term savings product designed to provide customers with guaranteed immediate income, offering much-needed liquidity. The plan includes various customisation options, allowing individuals to tailor their financial strategy according to their unique needs. Customisation Options for Financial Flexibility Customers opting for ‘ICICI Pru GIFT Select’ …
Tata AIA Life Insurance has introduced its latest New Fund Offer (NFO), the ‘Multicap Momentum Quality Index Pension Fund’, designed to provide individuals with smarter, market-linked investment solutions. This fund aims to help investors build a strong retirement corpus while maintaining control over their financial future. It utilises a quant-based investment strategy to balance market …
Bajaj Allianz Life has become the first insurer to implement the Bima-ASBA facility, aligning with the Insurance Regulatory and Development Authority of India’s (IRDAI) objective of simplifying premium payments and enhancing transparency. This initiative ensures that policyholders have greater control over their funds until the underwriting process is complete. Functionality and Benefits of Bima-ASBA Bima-ASBA …
Bajaj Allianz Life Insurance has launched a new annuity plan, Bajaj Allianz Life Guaranteed Pension Goal II, to offer flexible retirement planning options. Bajaj Allianz Life Insurance is a joint venture between Bajaj Finserv and Allianz SE. One of the features of this plan is its industry-first 30-year deferment option, allowing individuals as young as …
Axis Max Life Insurance has launched STAR ULIP (Smart Term with Additional Returns), a unit-linked, non-participating life insurance plan. The policy combines life insurance coverage with market-linked investment options, allowing policyholders to customize their financial plans based on their risk appetite and long-term goals. Coverage and Protection The plan offers protection against accidental death and …
