Indian News

Rs 70,000 cr package announced for exports, realty sectors to boost growth

Eco/Invest/Demography, Non-Life       Sep 14, 2019

New Delhi: Finance Minister Nirmala Sitharaman on Saturday announced an over Rs 70,000 crore package for the exports and real estate sectors, including setting up of a stressed asset fund, as the government continued with firefighting measures to pull the economy out of a six-year...

IRDAI penalises Bagic and Go Digit for violating its norms 

Non-Life, Regulation, Technology       Sep 13, 2019

  Hydearbad: The insurance regulator IRDA has slapped a penalty of Rs 7 lakhs against Bajaj Allianz General  Insurance Company(BAGIC) for violating various regulatory norms including provisions of the guidelines on Motor Insurance Service Provider(MISP) enforced since 31st August, 2017.   IRDAI had conducted an onsite inspection...

R M Vishakha, MD & CEO, IndiaFirst Life, Sujay Banarji,member, distribution,IRDAI and Randip Singh Jagpal, CGM,IRDAI at ‘Curtain Raiser and Workshop on Regulatory Sandbox’ organised by IRDAI and CII in Mumbai on Friday

Regulatory Sandbox a win-win position for regulators and Start-ups:IRDAI

Life, Non-Life, Regulation, Technology       Sep 13, 2019

  Mumbai:  Launching the  Regulatory Sandbox Sujay Banarji, member, distribution, Insurance Regulatory & Development Authority of India (IRDAI), said “Regulatory Sandbox will foster collaboration and further the interests of all stakeholders -regulator, insurance companies, start-ups and end consumers.   Banarji, urged insuretech firms to use the facility...

Mutual funds add around 5 lakh folios in August, total tally reaches to 8.53cr

Eco/Invest/Demography, Wealth Management       Sep 12, 2019

Mumbai: The mutual fund industry has added around 5 lakh investors' account in August, taking the total tally to 8.53 crore, amid volatile market conditions. In comparison, the industry had added 10.29 lakh new folios in July.   Folios are numbers designated to individual investor accounts....

IRDA forms panel to link motor premium with traffic violations

Eco/Invest/Demography, Non-Life       Sep 06, 2019

  Hyderabad  The insurance regulator IRDAI has asked the insurance companies to undertake a pilot project in NCT, Delhi to implement the premium escalation formula for registered owners/drivers of motor vehicles involved in traffic offences.   The regulator has constituated a  working group under the chairmanship of...

Anup Rau. Managing Director & CEO,Future Generali India Insurance

Anup Rau to head Future Generali India Insurance

Non-Life       Sep 04, 2019

  Mumbai: Future Generali India Insurance Company Limited (FGII), the general insurance arm of the joint venture between Future Group and global insurer Generali, has appointed Anup Rau as the Chief Executive Officer and Managing Director on  Wednesday. . He joins Future Generali India from Edelweiss...

Amit Shah assures Rs 2 lakh insurance for J&K panchayat members

Eco/Invest/Demography, Non-Life       Sep 03, 2019

  New Delhi: In a major decision in the first meeting with a delegation from Jammu and Kashmir after removal of Article 370 and bifurcation of the state, Union Home Minister Amit Shah on Tuesday assured of providing Rs 2 lakh life insurance cover to each...

Sensex suffers its biggest fall of this year,Investors lose Rs 2.55 trillion

Eco/Invest/Demography, Wealth Management       Sep 03, 2019

  Mumbai: Investor wealth dropped Rs 2.55 trillion on Tuesday following a sharp plunge in the equity market as investor sentiment went for a toss amid concerns related to economic crisis and trade issues.   The BSE benchmark Sensex tumbled 769.88 points, or 2.06 per cent, to...

C Vikas Rao, zonal manager, Western Zone,LIC 

LIC western zone sets 11% growth in new premium mop-up in FY20

Life       Sep 03, 2019

  Mumbai: National insurer Life Insurance Corporation's western zone is looking to sell 39.75 lakh new policies worth Rs 11,375 crore in premium income this financial year, almost 11 percent over the past fical year.   The western zone consists of Maharashtra, Gujarat, Goa and the Union...

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