India's insurance regulator fines Policybazaar 50 million rupees for lapses, ETLegalWorld

India’s insurance regulator fines Policybazaar 50 million rupees for lapses, ETLegalWorld

India insurance industry (Image for representation) India’s insurance regulator has fined PB Fintech‘s online insurance aggregator arm, Policybazaar, 50 million rupees (around $570,000) for regulatory lapses including directorships held by key managerial personnel, the company said on Tuesday. Policybazaar helps users select insurance coverage. The regulator had inspected Policybazaar in June 2020, following which PB…

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LIFE INSURANCE COMPANY

JOB OPPORTUNITY AT LIFE INSURANCE COMPANY

About the Opportunity The selected candidate will be responsible for providing legal advisory, managing litigation, and ensuring regulatory compliance for the organization. The role involves both strategic and hands-on responsibilities across legal domains in the insurance industry. Position Role: Deputy Manager – Legal Industry: Life Insurance Location: Chennai Experience Required: 5 – 8 Years Compensation:…

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Transforming Insurance and Wealth Access through FinTech Innovation

Transforming Insurance and Wealth Access through FinTech Innovation

INTRODUCTION The rise of Fintech has disrupted the financial industry and changed consumer behaviour from conventional to more flexible and modern approaches. The wealth, asset management, and insurance advisory services are going through a massive change, and the evolving technology is shaping the developments in the industry. Once marked by specialized human advisors and accessible…

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Rising Data Breaches in Financial and Insurance Sectors: HDFC Data Breach

Rising Data Breaches in Financial and Insurance Sectors: HDFC Data Breach

INTRODUCTION In today’s digital world, data is one of the most valuable assets; with that value comes increased risk of exploitation through cyberattacks and unauthorized data breaches. Data breaches have become alarmingly common across industries, with organizations from global tech giants to local banks facing attacks that expose sensitive personal, financial, or health information. These…

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Realization Of Insurance Amount Due To Two Different Claimants Not ‘Economic Abuse’ Under Domestic Violence Act: Patna High Court

The Patna High Court held that the realization of the insurance amount due to two different claimants cannot be said to be an ‘economic abuse’ under Section 3(d)(iv) of the Protection of Women from Domestic Violence Act, 2005 (DV Act). The Court held thus in a Criminal Miscellaneous Case in which an Application was filed…

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558478 calcutta high court.webp

Appeal On Service Classification Under ‘Insurance Auxiliary Service’ Not Maintainable Before High Court: Calcutta High Court

The Calcutta High Court stated that an appeal on service classification under ‘insurance auxiliary service’ not maintainable before the High Court. Chief Justice T.S. Sivagnanam and Justice Chaitali Chatterjee (DAS) was addressing the appeal filed by the department/appellant under Section 35G of the Central Excise Act, 1944 read with section 83 of the Finance Act,…

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