Bajaj Finance Reports 27% Loan Surge During Festive Season, Driven by Tax Reforms

Bajaj Finance Ltd. disbursed approximately 63 lakh consumer loans during the festive season (September 22-October 26), marking a 27% volume increase and 29% value increase year-over-year. The surge reflects the impact of recent GST reforms and personal income tax changes aimed at boosting consumer purchasing power. The company acquired 23 lakh new customers, with 52%…

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ICICI Prudential Life Insurance Reduces Premiums: GST Benefit Passed on to Policyholders

ICICI Prudential Life Insurance has fully passed on the GST exemption benefit to its customers, effectively reducing the cost of life insurance products including term plans. This move comes after the Government of India announced reforms exempting all insurance policies from 18% GST, lowering premiums and making financial protection more accessible. Earlier, customers paid Rs….

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Bajaj General Insurance has lodged an FIR at Porompat Police Station in Imphal

Bajaj General Insurance has lodged an FIR at Porompat Police Station in Imphal, Manipur, after uncovering a sophisticated NEFT forgery linked to medical reimbursement claims processed during the COVID-19 pandemic. The company flagged irregularities when internal checks revealed discrepancies in multiple claims settled via NEFT. According to the insurer, 12 claims were submitted under different…

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