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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
With three tech-focused firms getting the regulator’s approval to venture into life insurance, it is hoped competition will heat up in a sector that has remained largely stagnant for over a decade.
For the first time in over a decade, India’s life insurance market will get new entrants.
Earlier this month, Fairfax-backed Digit got approval from the Insurance Regulatory and Development Authority of India to launch its life insurance business. In April, IRDAI had also given the go-ahead to Amazon-backed Acko and microfinance lender CreditAccess Grameen to set up their life insurance ventures. The expectation is that all three would formally begin operations in the current financial year.
This is a significant development.
Getting a life insurance license in India is not easy. The insurance regulator grants its certificate of registration to …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
IRDAI wants to fix a model where distributors chasing high commissions push unsuitable policies, hurting customers. The regulator should brace for a major industry pushback.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
