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Budget-2023-24: Tax incentive to promote Home Insurance

Budget-2023-24: Tax incentive to promote Home Insurance

by AIP Online Bureau | Dec 15, 2022 | Articles, Health, Non-Life, Policy

Rakesh Jain, CEO, Reliance General Insurance In spite of pandemic, the health insurance penetration in our country is very low. Due to such a low coverage, the cost of insurance becomes high. In order to bring down its cost, GST rate should be reduced to 5% from 18%....
Budget-2023-24:Zero-rated GST for protection products

Budget-2023-24:Zero-rated GST for protection products

by AIP Online Bureau | Dec 15, 2022 | Articles, Life, Pandemic, Policy

Vighnesh Shahane, MD & CEO, Ageas Federal Life Insurance The insurance industry wish-list for the annual Budget has been largely the same for the last four-five years with the aim of driving insurance penetration in the country. A few of our recommendations...

Tata AIA Life Insurance expands new fund Offering Suite

by AIP Online Bureau | Dec 15, 2022 | Briefs, Life, Wealth Management/ Philanthropy

Tata AIA Life Insurance (Tata AIA) has announced range of new funds including Emerging Opportunity Fund, that will invest in mid-cap companies and emerging market leaders with the potential to generate significant future growth. The applications for ULIP plans with...

Vaccine against cervical cancer to be included in national immunisation programme by mid-2023: NTAGI chief

by AIP Online Bureau | Dec 15, 2022 | Eco/Invest/Demography, Facts, Health, Policy

India is home to about 16 per cent of the world’s women and accounts for about a quarter of all cervical cancer incidences and nearly a third of global cervical cancer deaths. Indian women face a 1.6 per cent lifetime cumulative risk of developing cervical...
Govt notifies IRDA’s new regulations on `Registration of Indian Insurance companies” facilitating larger PE investment

Govt notifies IRDA’s new regulations on `Registration of Indian Insurance companies” facilitating larger PE investment

by AIP Online Bureau | Dec 15, 2022 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life

-Investment through Special Purpose Vehicle (SPV) has been made optional for Private Equity (PE) Funds enabling them to directly invest in insurance companies, providing more flexibility, Now, subsidiary companies are also allowed to be promotors of insurance...
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