Latest news with #IRDAI
Business Standard
3 days ago
- Business
- Business Standard
IFFCO TOKIO's Retail Play: Insure Both Home and Health Under One Roof
NewsVoir New Delhi [India], June 25: Leading general insurer IFFCO TOKIO has upped its retail game by launching a bouquet of insurance products, including Home and Health insurance, to meet customers' needs under one roof. The Comprehensive Home Protector, a home insurance policy, and Essential Health Protector, a health insurance policy, are leading company's charge into retail insurance segment. Comprehensive Home Protector policy has been designed as per guidelines of Insurance Regulatory and Development Authority of India (IRDAI), with option of fire only coverage and insured can choose other perils as add-ons which include earthquake, storm, cyclone, typhoon, tempest, hurricane, tornado, tsunami, floods, inundation, lightning, landslide, act of terrorism, riots, strikes, malicious damage, bush fire, forest fire, burglary & housebreaking etc. Policy also provides coverage for jewellery and other valuable items, artworks, breakdown of home appliances, damages to household goods while shifting, bicycle, personal accident with medical benefit, loan payment protection, baggage cover, personal and tenant liability, auto enhancement of sum insured in certain situations, data recovery expenses with various other coverages. While, IFFCO TOKIO's retail health insurance policy 'Essential Health Protector' offers unique features, such as no upper age limit for dependents, coverage to child from the day of birth (subject to conditions), dependent parents, dependent children, brother, sister, brother-in-law, sister in-law, nephew, niece or any other relation who is dependent or relatives living together with you, apart from spouse. The other highlights of policy comes are sum insured options from INR 5 to 30 Lakh, life-long renewal (if renewed without break), high coverage at low premium, co-payment option, emergency assistance services at no additional cost if you travelling with in India up to 150 kilometers or more away from home, portability (switching from similar policy of other insurer to this policy as per IRDAI guidelines), and availability of add-ons (on payment of additional premium), such as OPD, Dental, Maternity, Consumable covers. Commenting on the retail products, Boga, Executive Director, IFFCO TOKIO General Insurance Company Limited said, "Our retail products are designed based on extensive feedback and market-research and reflect changing needs to people. With these insurance products, we want our customers to enjoy a life full of happiness and peace, as we promise them to take care of their unforeseen expenses, be it a fire accident at home or a sudden health emergency. With IFFCO TOKIO, you can feel assured and relieved while we protect your home and health."
The Hindu
3 days ago
- Business
- The Hindu
IRDAI slaps ₹1 crore penalty on Edelweiss Life Insurance
Insurance regulator IRDAI has imposed a penalty of ₹1 crore on Edelweiss Life Insurance Company for violations of certain corporate governance guidelines. Insurers must avoid or mitigate any conflicts of interest while outsourcing. Insurer is responsible for all regulatory obligations and conducting proper due diligence and monitoring of the outsourced service provider. Adequate systems, policies and procedures to address potential conflicts of interest and compliance with the provisions of Companies Act, 2013 need to be established by the insurer, IRDAI said in its order. On another charge that the life insurer did not capture bank account details of policyholders at proposal stage where premium amount exceeds ₹10,000, IRDAI the cautioned the insurer for the lapse in the wake of the company's submission that preventive and corrective actions were taken. Stating the insurer's contention that the bank details of the policy holders are not required is not acceptable, the regulator directed Edelweiss Life to take all required details of the bank account of the proposer/insured in the proposal form at the proposal stage itself. Any failure in compliance in future will be viewed seriously, it said.
Fashion Value Chain
3 days ago
- Business
- Fashion Value Chain
IFFCO TOKIO's Retail Play: Insure Both Home and Health Under One Roof
Leading general insurer IFFCO TOKIO has upped its retail game by launching a bouquet of insurance products, including Home and Health insurance, to meet customers' needs under one roof. The Comprehensive Home Protector, a home insurance policy, and Essential Health Protector, a health insurance policy, are leading company's charge into retail insurance segment. IFFCO TOKIO has launched a bouquet of insurance products, including Home and Health insurance, to meet customers' needs under one roof Comprehensive Home Protector policy has been designed as per guidelines of Insurance Regulatory and Development Authority of India (IRDAI), with option of fire only coverage and insured can choose other perils as add-ons which include earthquake, storm, cyclone, typhoon, tempest, hurricane, tornado, tsunami, floods, inundation, lightning, landslide, act of terrorism, riots, strikes, malicious damage, bush fire, forest fire, burglary & housebreaking etc. Policy also provides coverage for jewellery and other valuable items, artworks, breakdown of home appliances, damages to household goods while shifting, bicycle, personal accident with medical benefit, loan payment protection, baggage cover, personal and tenant liability, auto enhancement of sum insured in certain situations, data recovery expenses with various other coverages. While, IFFCO TOKIO's retail health insurance policy 'Essential Health Protector' offers unique features, such as no upper age limit for dependents, coverage to child from the day of birth (subject to conditions), dependent parents, dependent children, brother, sister, brother-in-law, sister in-law, nephew, niece or any other relation who is dependent or relatives living together with you, apart from spouse. The other highlights of policy comes are sum insured options from INR 5 to 30 Lakh, life-long renewal (if renewed without break), high coverage at low premium, co-payment option, emergency assistance services at no additional cost if you travelling with in India up to 150 kilometers or more away from home, portability (switching from similar policy of other insurer to this policy as per IRDAI guidelines), and availability of add-ons (on payment of additional premium), such as OPD, Dental, Maternity, Consumable covers. Commenting on the retail products, Boga, Executive Director, IFFCO TOKIO General Insurance Company Limited said, 'Our retail products are designed based on extensive feedback and market-research and reflect changing needs to people. With these insurance products, we want our customers to enjoy a life full of happiness and peace, as we promise them to take care of their unforeseen expenses, be it a fire accident at home or a sudden health emergency. With IFFCO TOKIO, you can feel assured and relieved while we protect your home and health.'
The Wire
3 days ago
- Business
- The Wire
IFFCO TOKIO's Retail Play: Insure Both Home and Health Under One Roof
New Delhi, Delhi, India (NewsVoir) Leading general insurer IFFCO TOKIO has upped its retail game by launching a bouquet of insurance products, including Home and Health insurance, to meet customers' needs under one roof. The Comprehensive Home Protector, a home insurance policy, and Essential Health Protector, a health insurance policy, are leading company's charge into retail insurance segment. Comprehensive Home Protector policy has been designed as per guidelines of Insurance Regulatory and Development Authority of India (IRDAI), with option of fire only coverage and insured can choose other perils as add-ons which include earthquake, storm, cyclone, typhoon, tempest, hurricane, tornado, tsunami, floods, inundation, lightning, landslide, act of terrorism, riots, strikes, malicious damage, bush fire, forest fire, burglary & housebreaking etc. Policy also provides coverage for jewellery and other valuable items, artworks, breakdown of home appliances, damages to household goods while shifting, bicycle, personal accident with medical benefit, loan payment protection, baggage cover, personal and tenant liability, auto enhancement of sum insured in certain situations, data recovery expenses with various other coverages. While, IFFCO TOKIO's retail health insurance policy 'Essential Health Protector' offers unique features, such as no upper age limit for dependents, coverage to child from the day of birth (subject to conditions), dependent parents, dependent children, brother, sister, brother-in-law, sister in-law, nephew, niece or any other relation who is dependent or relatives living together with you, apart from spouse. The other highlights of policy comes are sum insured options from INR 5 to 30 Lakh, life-long renewal (if renewed without break), high coverage at low premium, co-payment option, emergency assistance services at no additional cost if you travelling with in India up to 150 kilometers or more away from home, portability (switching from similar policy of other insurer to this policy as per IRDAI guidelines), and availability of add-ons (on payment of additional premium), such as OPD, Dental, Maternity, Consumable covers. Commenting on the retail products, Boga, Executive Director, IFFCO TOKIO General Insurance Company Limited said, 'Our retail products are designed based on extensive feedback and market-research and reflect changing needs to people. With these insurance products, we want our customers to enjoy a life full of happiness and peace, as we promise them to take care of their unforeseen expenses, be it a fire accident at home or a sudden health emergency. With IFFCO TOKIO, you can feel assured and relieved while we protect your home and health.' (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). This is an auto-published feed from PTI with no editorial input from The Wire.
Business Upturn
5 days ago
- Business
- Business Upturn
Vakrangee partners with Ageas Federal Life Insurance to expand life insurance access across India
By Aman Shukla Published on June 23, 2025, 15:08 IST Vakrangee Limited (IRDAI Registration Code: CA0249) has announced a strategic distribution partnership with Ageas Federal Life Insurance Company Limited , one of India's fastest-growing private life insurers. This collaboration aims to improve life insurance accessibility and drive financial inclusion across the country. Under the partnership, Vakrangee will distribute Ageas Federal's wide range of life insurance products through its extensive network of 22,986 Vakrangee Kendras. These Kendras are present across 32 States, 609 Districts, and 5,835 Postal Codes, enabling deep penetration into underserved and rural markets. This move is expected to play a critical role in addressing India's insurance protection gap while aligning with the government's vision for inclusive financial growth. Vedant Nandwana, Managing Director of Vakrangee Ltd., stated: 'We are proud to partner with Ageas Federal Life Insurance to extend life protection and financial services across India. Our extensive last-mile distribution network empowers citizens with convenient access to essential insurance products, right at their doorstep. This partnership enhances our commitment to improving the financial well-being of millions of Indians.' Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
