Innovative Motor Insurance by Zuno, Mutual Funds Recognition, and New Banking Services

Zuno General Insurance introduced a motor insurance product that adjusts premiums based on driving behavior monitored through a mobile app. AMFI launched a recognition program for mutual fund distributors. DBS Bank India unveiled a priority banking scheme, while Capital Small Finance Bank and HSBC announced tie-ups for distributing insurance products.

Zuno General Insurance on Tuesday launched a groundbreaking motor insurance product that determines premiums based on driving behavior. This pioneering usage-based offering utilizes a mobile app to monitor drivers and adjust premiums accordingly at renewal time.

The Association of Mutual Funds in India (AMFI) unveiled a program to acknowledge the contributions of mutual fund distributors and registered investment advisors. A total of 165 individuals and entities will be honored based on several criteria, including attracting new investors.

DBS Bank India introduced the 'DBS Golden Circle,' a priority banking program with various benefits such as special overdraft rates against fixed deposits and complimentary lifetime debit cards.

Capital Small Finance Bank announced a partnership with Edelweiss Life Insurance to distribute insurance products, aiming to cement its position as the main banker for middle-income customers.

HSBC revealed a collaboration with SBI General Insurance to offer a comprehensive range of non-life insurance products, including health, property, motor, and travel insurance, to its clientele.

(With inputs from agencies.)