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Are you a Varishtha Pension Bima scheme holder? If yes, then it’s time to make sure that you possess an Aadhaar card.

The parent of Paytm Payments Bank, One97 Communications is all set to distribute the insurance policies of various insurers. As per some reports, the company had applied to Insurance Regulatory Development Authority of India (IRDAI) for a corporate agency license to carry out their new venture. The same seems to have been approved by the insurance regulator and the company which is currently leading in India in terms of mobile banking will start selling both life and general insurance products.

Raheja QBE has recently launched its first ever Health Insurance Product. As claimed, the product has some unique features and is specifically designed keeping in mind the requirements of the High Net Worth Individuals (HNIs).

As per the new guidelines issued by the Insurance Regulatory Development Authority of India (IRDAI), the automobile dealers who distribute car insurance will have to surrender their existing license and become MISPs to be eligible to sell insurance to customers. The new guidelines are expected to come into force from Nov 1, 2017.

Earlier, OneInsure informed you about government’s decision of transferring the money that has been lying unclaimed for more than 10 years to the Indian government's Senior Citizens Welfare Fund. As per the latest development on the subject, the hitherto calculation of the unclaimed money that lies with the insurance companies, including both life and general insurance in India, has reached about ₹12,000 crore.

Manipal Group that is of prime importance in India’s education, IT and financial services sectors is all set to procure TTK’s stake in ManipalCigna health insurance joint venture– the standalone health insurer. Manipal Group after establishing its presence in the aforementioned sectors looks forward to penetrating the insurance sector. However, an approval from the insurance regulator – Insurance Regulatory Development Authority of India (IRDAI) is yet to be received. If the development takes place, Manipal Group will be holding 51% of the total stake in the joint venture while Cigna will increase its stake from 26% to 49%. This will eventually raise the former’s share capital from ₹250 crore to ₹350 crore.

The Supreme Court of India on Thursday passed a law under which all the Delhi-NCR vehicle owners will now have to compulsorily provide with PUC (Pollution-under-Control) certificate if they wished to renew their vehicle insurance.

General Insurance Corporation of India (GIC) and New India Assurance (NIA) are to file for an initial public offering (IPO) in the coming couple of weeks.