Bankers insurance phone number

Last week, private life insurance company HDFC Life announced that it had completed the process of acquiring Exide Life Insurance. The two companies had announced the Rs 6,687-crore acquisition deal in September 2021. Exide Life will operate as HDFC Life’s wholly-owned subsidiary until the formal merger is completed. However, since ownership and management have changed, it is but natural for Exide Life’s existing customers to have some questions regarding the transition. Here’s a guide to help you understand the transition nitty-gritties. I am an Exide Life policyholder. How will the acquisition by HDFC Life affect my existing policy’s terms and conditions? Your life insurance company’s management may have changed. But your policy contract, which in the case of life insurance is long-term in nature, will not be affected. “There will be no changes in Exide Life's existing policy terms and conditions. HDFC Life will not issue new policy documents to existing customers of … [Read more...] about HDFC Life completes acquisition of Exide Life: Here’s what policyholders must know

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A ALL eyes are on RHB Banking Group’s newly minted group managing director (MD) and group CEO Mohd Rashid Mohamad as he steers the fourth-largest banking group by assets forward in a tough operating landscape. “It’s very challenging, especially now in a fast-changing market environment, and as we face potential risks such as geopolitical and inflationary,” acknowledges Rashid in his first exclusive interview as group MD/CEO. Competition has intensified, given new entrants into the market, which are not just new banks but also technology companies that compete for the same pie. Rashid adds that this has partly affected the profitability of the industry, along with many other factors. He notes that banks globally no longer see “high ROEs” as before. For RHB Bank Bhd, its return on equity (ROE) in the past 10 financial years hit a high of 13.4% in FY2012 before … [Read more...] about Cover Story: RHB’s Game Plan in ‘fast-changing’ new normal

- A + A (June 30): It was an unusually frigid December weekend when Cheng Wei summoned his inner circle to his Beijing office. The founder of Didi Global Inc, dressed entirely in black, told his lieutenants to slash spending by a fifth in 2022 and begin layoffs after staff return from Lunar New Year vacations. He delivered his bombshell flanked by a giant Powerpoint slide that read: “Don’t live with illusions. Face reality.” “We had a tough year,” said the reserved billionaire known as Will, who that day seemed even gloomier than normal, according to people briefed on the gathering. “But next year will be even tougher.” That sombre gathering encapsulated what many in the room already suspected — the ride-hailing champion once feted for running Uber Technologies Inc out of China was no more. In its place was a defeated shell worth a fifth of its value at the peak, bleeding users, blocked from raising funds for cherished projects — and whose executives were constantly … [Read more...] about Inside Didi’s US$60b crash that changed China tech forever

Indian corporates may face an elongated receivable cycle, or even default on payments by Russian importers due to the sharp fall in Russian Rouble , bankers said. The Russian Rouble fell nearly 30% on Monday against the US dollar after the country’s premier Vladimir Putin on Sunday ordered his nuclear forces to be on high alert in view of the evolving Russia-Ukraine conflict . Separately, in view of the steep depreciation of its currency, the Bank of Russia on Monday decided to increase the key rate to 20% per annum from 9.50%, the sharpest rate hike since 2014, to compensate for the increased depreciation and inflation risks. “This is needed to support financial and price stability and protect the savings of citizens from depreciation,” the central bank said. Indian companies have a significant presence in Russia. As per data by Indian embassy in Russia, bilateral trade between the two countries between April 2020-March 2021 amounted to $8.1 billion. Indian exports … [Read more...] about Indian corporates brace for delay in receivables, defaults as Russian rouble tanks

T Rabi Sankar has taken over as the new deputy governor at the Reserve Bank of India (RBI). Following this, the central bank has redistributed the portfolios of the deputy governors. RBI has four deputy governors. Rabi Sankar, who was serving as an executive director, has been given important portfolios such as  department of currency management, external investments and operations, government and bank accounts, Information Technology and Payment and Settlement Systems. Besides, he has also been given foreign exchange department, internal debt management department and right to information, the RBI said. Rabi Sankar has been appointed for a period of three years. On May 2, the Appointments Committee of the Cabinet cleared the name of T Rabi Sankar as a Deputy Governor. This was after B Kanungo retired on April 2. RBI has four deputy governor posts, one of which fell vacant due to Kanungo's retirement. The other three deputy governors are Mahesh Kumar Jain, Michael Patra and … [Read more...] about T Rabi Sankar takes over as deputy governor, RBI reshuffles portfolios

Flying Fourth of July weekend or later this summer? Pack your patience and this game plan. Y ou know travelers are in for a bumpy Fourth of July weekend when airlines and the U.S. government begin pointing fingers at each other in the days ahead of the holiday. For months, travelers have been dealing with above-normal levels of flight delays and cancellations, with airlines chopping more than 15% of scheduled summer flights due to staffing shortages and other operational issues. Unfortunately, experts see more of the same on the horizon. “Looking at the past few weeks, I don't think there's any reason to think that things are going to go especially smoothly this weekend,” says Scott Keyes, co-founder of Scott’s Cheap Flights , an airfare deals newsletter with more than two million subscribers. “With 11 million travelers expected to fly over July Fourth, we are expecting a busy holiday weekend and travelers should be prepared for potential disruptions,” says Hayley … [Read more...] about The Smart Traveler’s Survival Playbook For Summer Flight Cancellations

In February, Dave Asprey will cut the ribbon on his first-ever Bulletproof café. After nearly five years, it seems like a logical step for a guy whose butter-infused coffee inspired a cult following. Read on for the story of how Asprey went from experimenting with "biohacking" his own body to building a thriving business. (And check out more stories in our Built From Passion series.) Where the Idea Came From At 20, Dave Asprey was depressed, overweight, and eating to cope with his emotions, which veered from clear and decisive to stricken with fear. After buying disability insurance, "because I got to the point where I wouldn't hire myself," he told Inc . last summer, the former project manager and software entrepreneur became obsessed with his health, from the quality and duration of his sleep to the fat content of foods he consumed. The more he studied himself, the more he realized he wasn't after a quick pick-me-up but the feeling of being on , … [Read more...] about Turning the ‘Bulletproof’ Coffee Craze Into a Big Brand

In response to the spread of the Delta variant of Covid-19, the Public Health Ministry plans to decrease the time between the first and second AstraZeneca vaccines for people. The Delta variant is more contagious and spreads more quickly than the original Coronavirus so the decision was made to accelerate the vaccination process to protect against it. Just a few days ago, plans to stretch the gap between first and second doses of the AstraZeneca vaccine to 16 weeks were scrapped. The plan was thought to buy time for the government to give more first doses to push up the number of (partially) vaccinated people in Thailand more quickly. It was called off as no clinical data exists on whether a second vaccine that far after the first would still be effective at all. After conceding the 16 week plan and dropping the gap to 10 to 12 weeks, they are hastening the process further, to just 8 weeks between vaccines. The longer spacing had been chosen based on British research, but that … [Read more...] about Gap between AstraZeneca vaccines cut from 16 to 12 to 8 weeks

171 new coronavirus-related deaths were reported by the Centre for Covid-19 Situation Administration. Since the start of the pandemic last year, 15,124 people infected with Covid-19 have died. 15,030 of those deaths were during the country’s latest and most severe wave of virus, which was first recorded on April 1. In the 24-hour period since the last count, 14,555 new cases and 13,691 recoveries. Thailand now has 129,421 active cases. Since the start of the pandemic last year, the CCSA has reported a total of 1,448,792 confirmed Covid-19 infections. The latest wave has accounted for 1,419,929 of those cases. Vaccine update… 43.3 million doses of the Covid-19 have been administered through the Thai government’s mass immunisation campaign since February 28. Around 37% to 38% of residents in Bangkok have received both doses of the Covid-19 vaccine. The capital needs to hit the target of 70% of residents fully vaccinated in order to reopen to travellers from overseas. New … [Read more...] about Friday Covid Update: 14,555 new cases; provincial totals