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With hindsight on the impact of COVID 19, many MSMEs are actively pursuing affordable and robust employee benefits. This effort aims to cultivate an environment where employers are perceived as responsible, prioritizing measures to minimize non compensation attrition. Additionally, it fosters a sense of loyalty among employees, directly influencing the productivity of any organization.   In the fiscal year 2022, nearly two in three Indian start-ups and MSMEs embraced comprehe

IBAI has urged the government to create a single, technology driven platform to streamline claim settlements and grievance reddressal accross insurers. The proposal was presented during a meeting with Finance Minister Ms Nirmala Sitharaman in New Delhi. A unified digital platform improves speed, transparency, and data flow across the value chain, raising customer satisfaction, lowering operating costs, and enabling better fraud control and analytics. Already, India's regulato

By value, credit cards are the second most-used retail lending product (by active loans), holding an 18.5% market share, with personal loans taking the lead at 20.8%. Since 2020, new card growth has surged by approximately 69%, with 10.45 million cards now in circulation. The credit uptake for consumption in India is growing at a phenomenal rate, primarily driven by private banks, which hold over 70% of the market. The average number of POS transactions per credit card per mo

The cost burden of group health insurance for corporations is rising with no sunset in sight. With medical inflation rising, it will soon be impossible for employers to fully cover employees' hospitalization costs. It's imperative that this cost burden is shared, and employees need to be proactive about securing personal health coverage for themselves and their families. Employers can diversify coverage by providing income protection covers. These protect employees from incom

In the last decade, India has seen a sharp rise in credit dependency among consumers. Since FY2012, consumer loans as a percentage of private final consumption expenditure have nearly doubled to 19.5%. On the surface, this reflects greater access to credit and aspirations driving consumption. But dig deeper, and an unsettling trend emerges: the growth rate of private final consumption expenditure has been consistently slowing down since FY22. What does this mean? - More house