News Update

UPI transactions cross Rs 10-trillion mark in May 2022

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UPI transactions cross Rs 10 trillion mark in May UPI transactions cross Rs 10-trillion mark in May

UPI transactions cross Rs 10-trillion mark in May 2022, Unified Payments Interface (UPI), National Payments Corporation of India Unified Payments Interface (UPI) transactions are continued to grow in May 2022 with the platform processing transactions of Rs 10 trillion during the month. In terms of volume, transactions were at 5.95 billion during the month, according … Read more

IRDAI’s Use-and-file framework could mean better products, but policyholders should exercise caution

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Use-and-file framework

IRDAI’s Use-and-file framework could mean better products, but policyholders should exercise caution. Use-and-file mechanism will mean more flexibility for insurers in designing products and shorter timelines for introducing innovative plans. Very soon, health and general insurance companies in India will be able to launch their products without waiting for prior approval from the Insurance Regulatory … Read more