by AIP Online Bureau | Jan 31, 2022 | Indian News, Life, Non-Life
As of 2020, the penetration for life insurance in India is 3.2 per cent and nonlife insurance penetration is 1 per cent New Delhi: Though, India is at par with international average in terms of insurance penetration for life insurance, the country lags behind in...
by AIP Online Bureau | Jan 31, 2022 | Articles, Health, Non-Life, Pandemic, Workplace/Employee Benefits
Satish Gidugu, CEO, Medi Assist Healthcare Services There is a need to reduce the GST rates on insurance premiums, allow input credit on GST paid towards employee health insurance and eliminate perquisite tax on employee medical reimbursements The COVID-19 pandemic...
by AIP Online Bureau | Jan 31, 2022 | Briefs, Workplace/Employee Benefits
The government has given Rajesh Verma, secretary, ministry of corporate affairs the additional charge of department of financial services(DFS) after Debasish Panda retired as the secretary, DFS on Monday. Panda has been heading the DFS since March...
by AIP Online Bureau | Jan 31, 2022 | Briefs, Life, Pension & Social Security
Life Insurance Corporation(LIC) has revised its annuity rates for Jeevan Akshay and New Jeevan Shanti with effect from 1st Feb 2022.The modified version of these plans with revised annuity rates shall be available for sale from 1st Feb .The annuity amount under both...
by AIP Online Bureau | Jan 31, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy
Vinod Nair, head of research at Geojit Financial Services, said taking positive cues from global markets and favourable takeaways from the Economic Survey report, the market rallied ahead of the Budget day Mumbai: Investors’ wealth on Monday gained over Rs 3.33...
