BajajCapital Insurance Broking Ltd.’s Post

#YourMoney | Mis-selling in bancassurance remains a concern, with banks often pushing unsuitable insurance products disguised as high-return FDs or mandatory loan add-ons. Seniors are particularly vulnerable, facing high-cost plans with unclear terms, leading to financial strain and eroded trust in the sector. Shifting to online banking and scrutinising insurance offerings can reduce these risks. https://mybs.in/2daYsgk

Users Can Make Spends Rewarding with Credit Cards on Bajaj Markets #Bajaj #BajajMarkets #BajajMarketsapp #BajajMarketswebsite #Cards #credit #CreditCardsonBajajMarkets #IndiakaFinancialSupermarket #markets #News8PlusPressRelease #Rewarding #spends #users

A satisfying six months so far. We’ve stayed the course toward our goal of being a financial lifecycle partner to every Indian, by creating financial #access and building financial resilience for customers, underpinned by increasing use of #technology.   During this period, we saw strong top-line #growth across almost all our businesses. Profit growth was more moderate as we balanced risk with growth. But at the core of it, is a deeper narrative of continuing business #transformation and deepening customer trust. My Half Yearly letter to Shareholders (enclosed) sums up our performance and how we view our businesses. #financialresults Bajaj Finserv Bajaj Housing Finance Limited Bajaj Allianz General Insurance Bajaj Allianz Life Insurance Bajaj Finserv Health Bajaj Markets Bajaj Broking Bajaj Finserv Asset Management Ltd

*Finance Minister Urges Banks to Review Insurance Sales Practices* In a recent address at an SBI event, Finance Minister Nirmala Sitharaman emphasized the need for banks to reassess their insurance sales practices. *Key Highlights:* - Mis-selling of insurance products raises customer costs and concerns - Bancassurance model has contributed to increased insurance penetration, but also instances of mis-selling - Banks must prioritize transparency, ethical practices, and clear communication - Ensure customers are not burdened with unnecessary insurance products *FM Sitharaman's Quote:* "Banks will have to look at it with a lot more emphasis on their core banking activities and not burden customers with insurance which they don't require." #insurance #bancassurance #mis-selling #customerprotection #bankingreforms #financialinclusion #transparency

RBL Bank and Bajaj Housing Finance Limited decided to stop issuing new Co-Branded Credit Cards. This Partnership helped RBL Bank to issue over 34 Lakh Credit Cards with Bajaj Finance. Existing Cards will be serviced by RBL Bank. https://lnkd.in/gPkRkpHy

2024 saw the total number of credit cards in circulation reach the milestone figure of 100 million! - Credit card spends had another big year with 17% growth, despite regulatory pressures. #RBI has proactively campaigned for safe payments and user awareness in 2024 and that will be something you’ll see more of in 2025. - Another good news is that Tier-2 cities in India have witnessed increased adoption of credit card as a payment option! #YearInReview #Insights #LessonsLearned

NO Directive given to insurers on bank assurance business capping. Any directive will only be after public consultation and press release would be issued. Alert : Recently FM Nirmala Sitaraman and IRDAI chairman raised concern about insurance misselling through bank assurance channels. Business through Banking channel in FY24 LIC : 3.61% of the total New Business Premium HDFC Life : 65% total APE through bancassurance SBI life : 52% of New Business Premium through bancassurance ICICI Pru life : 28.7% Business through bancassurance sources unknown. please note it.

Customer Lifetime Value A metric that indicates the cumulative revenue or profit generated by a customer throughout their entire relationship with the business. . . #bankbcservices #csp's #BankServices #BC #CSP #banking #nis #nishkarshit #nishkarsh #home #location #bank #business #bankbusiness #Finance #bankfinance #bankandfinance #banking #It #itwork #publishing #government #retail #healthcare #education #telecom #pharma #insurance

2024 saw the total number of credit cards in circulation reach the milestone figure of 100 million! - Credit card spends had another big year with 17% growth, despite regulatory pressures. #RBI has proactively campaigned for safe payments and user awareness in 2024 and that will be something you’ll see more of in 2025. - Another good news is that Tier-2 cities in India have witnessed increased adoption of credit card as a payment option! #YearInReview #Insights #LessonsLearned