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If you’re switching jobs, don’t forget to carry forward your health insurance. Most salaried employees in India are covered under a group health policy offered by their employer. While this cover may seem like a safety net, it lapses the moment you leave your job—unless you takeaction. Many employees don’t realise they can convert their…
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India’s insurance sector has increasingly become a soft poaching ground for e-commerce, quick commerce, and logistics firms, which are hiring aggressively ahead of the festive season in anticipation of a sales surge following last week’s goods and services (GST) rate cuts. The insurance industry experiences very high attrition rates at junior levels, as its young…
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Edme Insurance Brokers Ltd (formerly Aditya Birla Insurance Brokers Ltd) has acquired the Indian operations of London-based UIB Group in a strategic initiative to strengthen its value proposition. UIB Group is a privately owned international insurance and reinsurance broker. Its Indian operation, UIB Insurance Brokers (India) Pvt. Ltd, extends the group’s operations to India. Edme’s…
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The richest Ganesh mandal of Mumbai GSB Seva Mandal has bought an insurance cover of ₹474.4 crore this year. The increase in cover is because of the higher value of gold and silver ornaments adorning the Ganesh idol besides larger number of volunteers. Notably, the mandal had taken an insurance policy worth ₹400 crore last…
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With floods wreaking widespread havoc in various parts of the country, inundating large cities such as Mumbai, a comprehensive motor insurance policy alone can save you from losses arising from damage to your vehicles due to such natural calamities. The basic third-party insurance offers protection only if your car causes damage to somebody else. If…