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Walmart-owned PhonePe has secured an additional $100 million investment from General Atlantic, a leading global growth equity firm, at a pre-money valuation of $12 billion. This new funding is part of PhonePe’s ongoing fundraise of up to $1 billion in capital, following its domicile shift to India last year. With this tranche, the company has raised a total of $850 million from several global investors. This includes a total of $550 million from General Atlantic alone. PhonePe plans to use the funds to scale its payments and insurance businesses in India. It will also launch and aggressively scale new businesses like lending, stock broking and Open Network for Digital Commerce (ONDC)-based shopping over the next few years.
What is the primary function of a reinsurer?
Percentage of each premium rupee that goes to insurers expenses including overhead, marketing and commissions is called ____.
Which of the following is NOT a factor considered by insurers while determining premium rates for motor insurance?
What is the purpose of "mitigation of loss"?
A person named in a life insurance contract to receive the benefits of the policy if other named beneficiaries are not living is referred as ________.
Which of the following is NOT a conventional classification of general insurance under the Insurance Act, 1938?
The role of a risk engineer in the insurance process is to:
Agriculture Insurance Company of India Limited was incorporated with an authorised share capital of INR ______ billion.
Which of the following institution was setup with the objective of promoting exports from the country by providing credit risk insurance and related ser...
What is a life insurance policy that remains in force for the policyholder’s lifetime?
