• Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
Friday, July 25, 2025
26 °c
Agartala
enewstime
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    4th Test: Pant's injury a 'body blow' for India, will affect the dressing room, says Shastri

    4th Test: Pant's injury a 'body blow' for India, will affect the dressing room, says Shastri

    4th Test: Sudharsan making maiden Test fifty means India wants to back a youngster at number three, says Patel

    4th Test: Sudharsan making maiden Test fifty means India wants to back a youngster at number three, says Patel

    DC Open: Sakkari reaches QFs, Venus Williams's doubles campaign ends

    DC Open: Sakkari reaches QFs, Venus Williams's doubles campaign ends

    Football: Liverpool completes signing of Frankfurt forward Ekitike

    Football: Liverpool completes signing of Frankfurt forward Ekitike

    4th Test: Sudharsan’s 61 takes India to 264/4 against England

    4th Test: Sudharsan’s 61 takes India to 264/4 against England, Pant suffers foot injury

    4th Test: It's good to be feisty, you need to have an identity as a captain, says Karthik on Gill

    4th Test: It's good to be feisty, you need to have an identity as a captain, says Karthik on Gill

    Uncapped Eyman Fatima named in Pakistan women squad for Ireland T20Is

    Uncapped Eyman Fatima named in Pakistan women squad for Ireland T20Is

    Women's Euro: Michelle Agyemang says SF celebrations will 'live in her heart forever'

    Women's Euro: Michelle Agyemang says SF celebrations will 'live in her heart forever'

    Venus Williams becomes second-oldest woman to win tour-level singles match

    Venus Williams becomes second-oldest woman to win tour-level singles match

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
  • More
    • Old Archive
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    4th Test: Pant's injury a 'body blow' for India, will affect the dressing room, says Shastri

    4th Test: Pant's injury a 'body blow' for India, will affect the dressing room, says Shastri

    4th Test: Sudharsan making maiden Test fifty means India wants to back a youngster at number three, says Patel

    4th Test: Sudharsan making maiden Test fifty means India wants to back a youngster at number three, says Patel

    DC Open: Sakkari reaches QFs, Venus Williams's doubles campaign ends

    DC Open: Sakkari reaches QFs, Venus Williams's doubles campaign ends

    Football: Liverpool completes signing of Frankfurt forward Ekitike

    Football: Liverpool completes signing of Frankfurt forward Ekitike

    4th Test: Sudharsan’s 61 takes India to 264/4 against England

    4th Test: Sudharsan’s 61 takes India to 264/4 against England, Pant suffers foot injury

    4th Test: It's good to be feisty, you need to have an identity as a captain, says Karthik on Gill

    4th Test: It's good to be feisty, you need to have an identity as a captain, says Karthik on Gill

    Uncapped Eyman Fatima named in Pakistan women squad for Ireland T20Is

    Uncapped Eyman Fatima named in Pakistan women squad for Ireland T20Is

    Women's Euro: Michelle Agyemang says SF celebrations will 'live in her heart forever'

    Women's Euro: Michelle Agyemang says SF celebrations will 'live in her heart forever'

    Venus Williams becomes second-oldest woman to win tour-level singles match

    Venus Williams becomes second-oldest woman to win tour-level singles match

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
  • More
    • Old Archive
No Result
View All Result
enewstime
  • Home
  • News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
  • More
Home Business

Paytm enters general insurance sector, acquires Raheja QBE

ENEWSTIME Desk by ENEWSTIME Desk
July 6, 2020
in Business
30
VIEWS
Share on FacebookShare on Twitter

Leading digital payments platform Paytm along with its founder Vijay Shekhar Sharma on Monday announced the acquisition of Mumbai-based private sector general insurance company Raheja QBE, to democratize general insurance services in the country.

ADVERTISEMENT

Raheja QBE, which started its operations in 2009, is a joint venture between Prism Johnson Limited and QBE Insurance Group, one of Australia’s largest insurers.

Prism Johnson Ltd approved divestment of its entire holding of 51 per cent in Raheja QBE General Insurance Company Limited (RQBE) to QORQL Private Limited, a technology company with majority shareholding by Sharma and the remaining held by Paytm (owned by One97 Communications Limited), for an aggregate consideration of Rs 289.68 crore.

“It is an important milestone in Paytm’s financial services journey and we are very excited to welcome Raheja QBE General Insurance into the Paytm family,” Amit Nayyar, Paytm president, said in a statement.

“Its strong management team will help us accelerate our journey of taking insurance to the large population of India with the aim to create a tech-driven, multi-channel general insurance company,” he added.

ADVERTISEMENT

The acquisition is subject to customary conditions, including, approval from the Insurance Regulatory and Development Authority of India (IRDAI).

Raheja QBE said that all its employees would continue working at Mumbai and other locations.

“The announcement marks both a continuation of QBE’s strategy to simplify our business and the beginning of a new and exciting chapter for our strong team at Raheja QBE,” said Vivek Bhatia, QBE Australia Pacific CEO.

Paytm would leverage its user base to innovate insurance products and services to accelerate its reach and adoption.

“This move will help the insurance business scale up to new heights by leveraging the large customer base and innovative products offered by Paytm,” said Vijay Aggarwal, managing director, Prism Johnson Ltd.

Related Posts

ACC's net profit rises 4.35 pc to Rs 375 crore, revenue jumps 18 pc
Business

ACC's net profit rises 4.35 pc to Rs 375 crore, revenue jumps 18 pc

July 24, 2025
Most Indian leaders believe GenAI can modernise treasury operations, drive efficiency at scale
Business

Most Indian leaders believe GenAI can modernise treasury operations, drive efficiency at scale

July 24, 2025
India’s edge data centre capacity projected to triple to 200-210 MW by 2027
Business

India’s edge data centre capacity projected to triple to 200-210 MW by 2027

July 24, 2025
IndiaAI Mission: 34,381 GPUs onboarded from 14 empanelled service providers
Business

IndiaAI Mission: 34,381 GPUs onboarded from 14 empanelled service providers

July 24, 2025
SC rejects KAL Airways, Maran’s pleas seeking Rs 1,300 crore damages from SpiceJet
Business

SC rejects KAL Airways, Maran’s pleas seeking Rs 1,300 crore damages from SpiceJet

July 23, 2025
15.45 lakh households benefit from rooftop solar installation: Union Minister in LS
Business

15.45 lakh households benefit from rooftop solar installation: Union Minister in LS

July 23, 2025
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
D-2050 D-2050 D-2050
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

About us

Enewstime.in is run by an individual – a Journalist by profession of Tripura with the active help of several journos including senior journalists of the State. On top of that, Enewstime.in being a subscriber of IANS news agency, we have plenty of multi-choice topics to offer to our esteemed readers. Enewstime.in is a venture reach global audience from a tiny State Tripura.

Latest News

Govt boosting health infra, addressing social determinants to build Viksit Bharat: Anupriya Patel

Will deliver over 1,100 Arogya Mandirs by March 2026: Delhi CM

Saurabh Sachdeva reveals ‘Maalik’ director was once his student

ACC's net profit rises 4.35 pc to Rs 375 crore, revenue jumps 18 pc

Maldives occupies 'special place' in India's Neighbourhood Policy: High Commissioner (IANS interview)

It’s more than just puppy love for British envoy Caroline Rowett

Contact us

19, Old Thana Road. Banamalipur. PO. Agartala. Pin code 799001. Tripura (West), India.

Email: enewstime2017@gmail.com

Wa: 8794548041

  • Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use

© 2025 Designed & Developed with ❤️ by Provibe Media LLP

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
  • More
    • Old Archive

© 2025 Designed & Developed with ❤️ by Provibe Media LLP