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INSURANCE NEWS
Govt moves to streamline insurance sector compliance ahead of 100% FDI
Tue, Feb 18, 2025     Source : Economic Times
The government is looking to streamline compliance and enhance ease of doing business in the insurance sector.
INSURANCE NEWS
Insurance cover for bank deposits to be raised
Tue, Feb 18, 2025     Source : Financial Express
On February 13, the RBI prohibited NICB from issuing new loans and suspended deposit withdrawals for six months and superseded the board and appointed an administrator.
INSURANCE NEWS
Why you shouldn’t depend solely on corporate health insurance
Mon, Feb 17, 2025     Source : Financial Express
While employer-provided medical coverage is a valuable benefit, it often comes with limitations that may leave you vulnerable to rising he
INSURANCE NEWS
Purchasing term insurance: Choose a policy that balances coverage and price
Sat, Feb 15, 2025     Source : Business Standard
CSR represents the percentage of claims settled by an insurer within a financial year
INSURANCE NEWS
Street's Nine: Big insurers submit IPO plans to IRDAI
Fri, Feb 14, 2025     Source : Economic Times
Nine insurers including HDFC Ergo and SBI General have submitted their plans for initial public offering to the Insurance Regulatory and Development Authority of India (IRDAI), following the regulator's pu...
INSURANCE NEWS
Irdai steps up scrutiny of insurers exceeding expenses cap
Wed, Feb 12, 2025     Source : Economic Times
The Insurance Regulatory and Development Authority of India (Irdai) has begun quarterly monitoring of insurers exceeding their 30% expenses of management (EoM) limits to enforce financial discipline that c...
INSURANCE NEWS
Irdai seeks IPO road map from 10 general and life insurance companies
Wed, Feb 12, 2025     Source : Business Standard
To list on an Indian stock exchange, an insurance company must meet several performance parameters
INSURANCE NEWS
IRDAI takes 856 regulatory actions in FY24
Wed, Feb 12, 2025     Source : Economic Times
The Insurance Regulatory and Development Authority of India (IRDAI), the insurance sector regulator, took 856 regulatory actions, including penalties against insurers, in FY24, the government informed the ...
INSURANCE NEWS
Despite hike in premiums, demand for health cover intact as millennials see greater need
Wed, Feb 12, 2025     Source : Business Line
According to industry estimates, the health cover premiums increased in the range of 10 to 15 per cent across various general and standalone health cover providers in the last one year
INSURANCE NEWS
Life insurers revise commissions tied to persistency to protect margins
Tue, Feb 11, 2025     Source : Business Standard
The companies had to launch all their products as per the new norms by December 31, 2024
INSURANCE NEWS
Tax arbitrage on GIFT City Ulips for NRIs
Mon, Feb 10, 2025     Source : Financial Express
12.5% tax on gains from Rs 2.5L + premium Ulips for residents.
INSURANCE NEWS
Life insurance new business premiums fall 8.15% to Rs 30,825 cr in Jan
Sat, Feb 08, 2025     Source : Business Standard
According to data published by the Life Insurance Council, LIC's premium dropped 13.89 per cent Y-o-Y to Rs 16,292.67 crore
INSURANCE NEWS
Goal is for Axis Max Life Insurance to become a listed entity: MD
Thu, Feb 06, 2025     Source : Business Standard
In first nine months, we have grown at 25 per cent versus private sector growth of 19 per cent and overall industry growth of 14 per cent.
INSURANCE NEWS
Public sector general insurance employee union oppose 100% FDI move
Thu, Feb 06, 2025     Source : Business Standard
The proposed introduction of 100 per cent FDI in the insurance sector and other amendments to insurance laws by the Central Government were also discussed
INSURANCE NEWS
LIC gets GST demand notice of Rs 101.95 crore
Wed, Feb 05, 2025     Source : Economic Times
Life Insurance Corporation of India (LIC) on Tuesday said tax authorities have slapped a demand notice of about Rs 101.95 crore on it for short payment of Goods and Services Tax (GST) for five financial ye...
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