News Updates Archives

Ageas Federal Life Insurance Clinches No. 1 in FY26 with Record 99.82% Claim Settlement Ratio

By Donald Gonsalves|2026-07-03T08:09:46+05:30July 3, 2026|

Ageas Federal Life Insurance has secured the #1 position in the industry for its Retail (Individual) Claim Settlement Ratio (CSR), posting an unprecedented 99.82% for the 2025–2026 financial year (FY26). "Every claim we settle is a promise honoured," said Jude Gomes, Managing Director & CEO of Ageas Federal Life Insurance. "Being recognised as the industry's leader in Individual Claim Settlement Ratio reflects the trust our customers place in us and the dedication of our teams to stand by them when they need us the most." Since 2022, Ageas Federal is the first life insurance company in India to see its foreign partner control a full 74% stake, the absolute maximum allowed under the country's Foreign Direct Investment (FDI) regulations.

BREAKING | Upstox Sends Account Freeze Emails to Customers, Then Retracts Them

By Donald Gonsalves|2026-07-01T16:33:57+05:30July 1, 2026|

Upstox customers received emails warning that their Upstox accounts had been frozen and would soon be closed in 30 days. Hours later, the brokerage sent another message saying the notice had been sent in error.

I Fought Niva Bupa & Won My Claim – Mumbai Man Wins Year Long Battle

By Donald Gonsalves|2025-08-25T19:20:07+05:30August 25, 2025|

A Mumbai resident fought a year-long battle with Niva Bupa after his mother’s hospital claim was delayed and partly rejected. With persistent follow-ups and help from the Insurance Ombudsman, he finally recovered the full ₹3.17 lakh in July 2025.

Bima Central Alerted Policyholder Over Nominee Data Discrepancy in Term Insurance

By Donald Gonsalves|2025-07-12T12:38:31+05:30July 12, 2025|

A Reddit post has spotlighted a hidden risk in term insurance: incorrect nominee relationship data. Bima Central alerted the user to this discrepancy. This incident underscores the vital role of digital repositories like CAMSRep in safeguarding insurance records.

Will Bima Sugam be the End of Insurance Agent – A Detailed Report

By Donald Gonsalves|2025-07-05T18:56:39+05:30July 5, 2025|

The article explores how the upcoming unified insurance platform could disrupt traditional agent-led models by offering direct, transparent, and digital access to policies and claims. While the platform threatens to make transactional agents obsolete, it also opens new doors for those willing to upskill and transition into advisory or digitally empowered roles. Ultimately, the report concludes that agents won’t disappear—but only those who adapt quickly and add genuine value will remain relevant in the post-Bima Sugam era.

Top 17 Common Scams in India: Don’t Fall Prey to These Scamsters

By Donald Gonsalves|2025-06-07T11:36:15+05:30June 6, 2025|

This list of top 17 common scams in India can save you or someone you know from falling a prey and getting dupped. This comprehensive guide breaks down the top scams in India targeting the public today, explaining how they work and how you can protect yourself and your family from falling victim.

Anil Ambani’s Reliance Power: Resilient Comeback or Speculative Surge?

By Donald Gonsalves|2025-06-03T21:07:32+05:30June 3, 2025|

Anil Ambani's Reliance Power show promise, investors must be cautious amid legal and market volatility. 2024–25 has brought a resurgence, particularly through Anil Ambani's Reliance Power and Reliance Infrastructure. Is this comeback real or fleeting? Let’s explore the full story.

Waqf in a Nutshell: Legacy, Purpose & the 2025 Amendment

By Donald Gonsalves|2025-04-06T11:12:05+05:30April 6, 2025|

Waqf represents the concept of permanently dedicating property for an Islamic charitable cause, with the idea that the benefits of the asset will serve the community indefinitely. Here we discuss its Legacy, Purpose & the 2025 Amendment in a nutshell.

How ‘Free’ YouTube Finfluencers Advice Costs Investors

By Donald Gonsalves|2025-01-04T20:12:58+05:30January 4, 2025|

Finfluencers / Financial influencers on social media and easy-to-use investment apps have made stock market trading more accessible, often promoting high-risk investments with promises of quick wealth. While these influencers excel at storytelling, many lack formal financial expertise, and their advice can lead investors into volatile stocks, especially penny stocks, which are more likely to result in losses. Despite the ease of investing, experts warn that most investors lose money, and caution that wealth is built through long-term, disciplined strategies rather than speculative, high-risk trades.

Insurance Premiums Could Drop if GST Rates are Reduced, says Finance Minister

By Donald Gonsalves|2024-12-03T10:27:56+05:30December 3, 2024|

Finance Minister Nirmala Sitharaman has suggested that a reduction in the Goods and Services Tax (GST) on health and life insurance could result in lower premiums for policyholders. Speaking in the Lok Sabha on Monday, she confirmed that the GST Council is set to deliberate on this matter during its meeting on December 21, 2024. Currently, these policies attract an 18% GST rate, but proposed changes include exemptions for term life policies, senior citizens’ health insurance, and plans with coverage up to ₹5 lakh.

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