Veejay Shukla’s Post

Bancassurance is a partnership between banks and insurance companies to sell insurance products through bank branches. Among other measures, IRDAI has also suggested that bancassurance partners use assessment criteria developed by insurers and templates as part of policy documents, the official quoted earlier added. . . . #irdai #bancassurance #insurance #insurancecompany

"Calling all Financial Advisors! 📈 Join our team at ICICI Prudential Life Insurance and help doctors secure their financial futures. If you're passionate about finance and thrive on making a difference, we want to hear from you. #FinancialAdvisor #Insurance #ICICIPrudentialLife #doctors "

SBI Life: Lavish Rewards and Allegations of Forced Insurance Sales Persist Amid Official Restrictions Follow thekanal.in to read the complete story #SBILife #SBI #SBIBanking #SBILifeInsurance #StateBankofIndia #KanalBanking

One of the best things that happened to the insurance industry in 2023? A flurry of thoughtful regulatory changes that are poised to help India's insurance penetration reach where it rightly belongs! Read more about this in the succinct guest column authored by Sarbvir Singh, Joint Group CEO, PB Fintech. https://lnkd.in/gAjK526U #PBInsights #Insurance2.0 #India2047

Branches of LIC, Insurers to stay open on March 30, 31 as advised by IRDAI Like its banking counterpart RBI, the insurance regulator IRDAI has also made this announcement as a part of 'special measures for the current financial year'. To avoid any hardship to the policyholders, LIC will keep its branches open on the coming weekend, it said in the late hours on Thursday. LIC | Insurance Regulatory and Development Authority of India #lic #irdai #regulator #insuranceindustry #healthinsurance #lifeinsurance #generalinsurance #fy23 https://lnkd.in/gNFhGqqE

Banks still enrolling customers into Govt insurance schemes without consent, ‘creating’ paper trails - Report An investigative report on 'Article 14' portal claims to have unearthed continuing, widespread #malpractices in enrolling #customers into central government's insurance schemes Banks Want Forged Paper Trails After Taking Money Illegally From Customers For Modi Govt's Flagship Schemes Reserve Bank of India (RBI) #government #insuranceschemes #governmentinsuranceschemes #shame #report #banking #customers #cheaters #cheating #schemes #banks #India

'Bancassurance, at its core, is about banks and insurance companies joining forces in a strategic partnership. The bank becomes a conduit, offering its clientele the insurance products of a partnered insurance company.' See how you can benefit in our collaboration with banks like KCB; in our detailed take here: 👉🏿https://lnkd.in/dxFbW_49. #TutambuleFfena

Bancassurance is a partnership between banks and insurance companies to sell insurance products through bank branches. Among other measures, IRDAI has also suggested that bancassurance partners use assessment criteria developed by insurers and templates as part of policy documents, the official quoted earlier added. . . . #irdai #bancassurance #insurance #insurancecompany

Only select insurers with a strong track record of settling claims will be allowed to participate in the bancassurance business, according to the insurance regulator. The Insurance Development and Regulatory Authority (IDRA) made this announcement during a recent meeting with commercial bank CEOs at its headquarters. "Not all insurers will be allowed to participate in this bancassurance business," IDRA Chairman Mohammed Jainul Bari was quoted as saying. "We will be very selective." Mr Bari's comments suggest a gradual approach to the rollout of the bancassurance business model between banks and insurers. His comments came in response to concerns raised by bank CEOs and managing directors regarding the poor claim settlement record of some insurers, which they believe disadvantages policyholders. Bancassurance is a partnership arrangement between banks and life or non-life insurers, where banks act as corporate agents to sell insurance products to their existing customer base. Bangladesh currently has around 140 million bank customers. The IDRA recently authorized such partnerships and this meeting with banking industry CEOs marked a step towards launching the initiative. CEOs from insurance companies also attended the meeting, which was chaired by the IDRA chairman. The insurance regulator chairman recently said that some 19 life insurers have an on-time claim settlement record of between 80 per cent and 99 per cent. #Claimsettlement #Bancassurance #IDRA #DeepDive Read more: https://lnkd.in/gV9_Utpf

Navigating the complexities of motor insurance can be challenging. In an insightful interview with Amit Sureka, Joint President - Motor Business at HDFC ERGO, aired on Bano Apna Finance Minister, ET Now Swadesh, expert guidance is provided to help you choose the right coverage for your needs. Watch the interview now to gain clarity on your motor insurance options. #HDFCERGO #GeneralInsurance #MotorInsurance