V-Pay add-on cover has 22 inbuilt features that provide a balanced solution for the insured’s vehicle, catering to both conventional risks as well as addressing emerging risks
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The Value of New Business stands at Rs 438 crore, accompanied by a VNB margin of 30.0 per cent for Q1-FY2024
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Participating or savings life insurance plans are popular amongst customers as they offer three key features - safety, liquidity and returns
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Newer use cases will emerge for mobile wallets in the next 2 years; wallets will be interoperable; and new use cases like mass transit, employee benefits, expense management, corporate gifting, rewards and recognition, banking for teenagers, etc. will grow over 3X in the next 2 years
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This will drive deep penetration with users being able to pay in monthly subscriptions with a much lower financial burden, says Hemant Gala, Vice President - Financial Services at PhonePe
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A meeting between FM Nirmala Sitharaman and her Indonesian counterpart, Sri Mulyani Indrawati, involved discussions about digital technology, payment systems used by central banks, and the utilisation of local currency
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The concession is applicable on regular home loans, Nri, flexipay, non-salaried, privilege and Apon Ghar
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The bank's net profit also experienced substantial growth, increasing from Rs 9,196 crore in the corresponding quarter last year to Rs 11,951 crore in Q1FY24
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