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Insurance is going to be mandatory from 1st of August 2017 for all ECR (i.e. Emigration Check Required) passport holders who travel to 18 notified countries for employment.
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In 2015, road accidents increased by 2.5%. In the same year, the number of people killed and injured in road accidents saw a rise
by 4.6% and 1.4% respectively. If reports are to be believed, road accidents take away one lifein every four minutes. -
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Earlier, we reported about SBI’s executive committee reaching a consensus of divesting its stake from SBI Life Insurance and offering 80 million shares for an Initial Public Offering (IPO). The latest reports state that furthering its plan, yesterday i.e. on 17th of July 2017, SBI Life has filed with Securities and Exchange Board of India (SEBI) its draft red herring prospectus for an IPO.
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The insurance sector witnesses a new advancement as the Bajaj Allianz General Insurance resorts to blockchain technology to fasten its claim settlements for travel and motor divisions through 'Travel Ezee' & 'Motor On The Spot'.
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