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Future of Work: PolicyBazaar CTO on one radical change insurance sector needs

Tech can take insurance to the next level by making it more personalised, said Saurabh Tiwari at YourStory's Future of Work event. ....

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Info Edge corrects on profit booking

Info Edge (India) fell 1.96% to Rs 5392.75 as the counter witnessed some bit of profit taking after a recent steep surge.
The stock gained 15.72% in two sessions to end at Rs 5,500.80 yesterday, from its recent closing of Rs 4,753.70 recorded on 1 January 2021.
In the past six months, the scrip has zoomed 93.57% while the benchmark Sensex has added 32.70% during the same period.
On the technical front, the stock s RSI (relative strength index) stood at 77.591. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.
The stock is trading above its 50-day, 100-day and 100-day daily simple moving average placed at 4208.37, 3819.21 and 3249.88, respectively. These levels will act as crucial support zones in near term. ....

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Catering to consumers in coronavirus times, IRDAI pushes new products, easier KYC norms

Catering to consumers in coronavirus times, IRDAI pushes new products, easier KYC norms
NEW DELHI, Dec 28:From Corona Kavach to Corona Rakshak, insurance regulator IRDAI made intense efforts throughout the pandemic-disrupted 2020 to ensure adequate choice of insurance policies for individuals that cover treatment costs for coronavirus-related health issues.
This year, the regulator’s noteworthy initiatives include introduction of standard products with a view to enhance consumer confidence as well as easier Know Your Customer (KYC) norms.
As COVID-19 started spreading in March, the watchdog asked insurers to expeditiously settle hospitalisation claims concerning treatment related to coronavirus infections.
And the Insurance Regulatory and Development Authority of India (IRDAI) also directed insurance companies to design specific products to cover the cost of treatment related to coronavirus. Soon, short-term Corona Kavach policy was launched. ....

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