Indian News

Interim Finance Minister Piyush Goyal

Interim Budget 2019-20: Rs 3,000 monthly pension for unorganised sector workers, no tax on income up to Rs 5 lakh 

  New  Delhi: With the Lok Sabha election round the corner, Interim Finance Minister Piyush Goyal in his Budget speech today unveiled  mega sops for middle class, farmers and unorganised workers in the Narendra Modi government's sixth and final budget before the polls.  .  Finance Minister...

National Insurance to manage Ayushman Bhart scheme for Maharashtra in 2019

Health, Non-Life       Feb 01, 2019

  Mumbai: Kolkata based National Insurance Company(NIC) has managed to retain the Ayushman Bhart account of Maharashtra, that generates second largest health insurance premium after Tamil Nadu.   The state has paid a premium of Rs 713 crore for the scheme, starting from Jan 1, for six...

Nearly 50% cancer patients are uninsured, study

Health, Life, Non-Life       Jan 31, 2019

  Mumbai: With healthcare expenses touted to rise in coming years, a grim reality has come to the fore as doctors believe almost 50 per cent of cancer patients pay out of their pockets for treatment, an Edelweiss Tokio Life Insurance study shows.     Edelweiss Tokio Life...

Ashish Srivastava , MD &CEO, PNB Metlife with PV Sindhu, India’s top-ranked professional badminton player

PNB plans to dilute minor stake in life insurance JV

Banking & Bancassurance, Life       Jan 31, 2019

  Mumbai: State-run Punjab National Bank will be diluting a minor stake in its life insurance joint venture PNB Metlife and own over 26 percent of the venture, a top official said on Thursday.   There was no word from the management on a media report of...

Subhash Chandra Khuntia, chairman, IRDAI

IRDAI expresses concern over insurers  paying illegal commissions to dealers to grab motor biz

Non-Life, Regulation       Jan 31, 2019

   MUMBAI: Irdai chief Subhash Chandra Khuntia went public with the watchdogs concerns on the motor insurance service providers(MISP), wherein the quantum of commissions given by insurers is higher than the one set by the regulator for insuring private cars and two wheelers in own damage(OD)...

No commission can be paid to intermediaries on insurers' direct biz:IRDAI

      Jan 30, 2019

Hyderabad: Exposing the illegal nexus between insurers and intermediaries, the insurance regulator IRDAI has said, the business procured directly by insurers from clients should not be routed through intermediaries and commission paid on them    ``It has come to the notice of the Authority that insurers...

Interim Budget 2019: Modi may counter Rahul with universal basic income

      Jan 29, 2019

  New Delhi: With Rahul Gandhi throwing down the gauntlet at the ruling BJP dispensation saying that he will usher in a minimum income guarantee scheme if he comes to power, Prime Minister Narendra Modi may be compelled to roll out a Universal Basic Income scheme...

PolicyBazaar aims to collect Rs 3,500 crore premium in FY19

Intermediaries, Life, Non-Life       Jan 28, 2019

New Delhi: Insurance portal Policybazaar which has recently raised around Rs 1,360 crore through a fresh round of investment, has said it aims to collect Rs 3,500 crore premium by the end of the current fiscal, a senior company official said. It collected premium of...

Congresss President Rahul Gandhi

Rahul Gandhi promises minimum income guarantee to poor if Congress returns to power

Eco/Invest/Demography       Jan 28, 2019

  RAIPUR: Congress president Rahul Gandhi announced Monday that his party would ensure "minimum income guarantee" for every poor person in the country if it is voted to power in the coming Lok Sabha polls.    The announcement comes ahead of the Union Budget, the last to...