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Majority of Indian car buyers prefer decisions through physical dealerships

by AIP Online Bureau | Dec 23, 2024 | Data, Eco/Invest/Demography, Technology

According to the survey, nearly 9 out of 10 car buyers in India are more inclined to visit a physical dealership, highlighting the critical importance of in-person visits in shaping their overall buying behaviour, it stated Majority of car buyers in India still prefer...

India witnessing 30 mn new demat accounts annually, 1 in 4 now a women investor

by AIP Online Bureau | Dec 23, 2024 | Data, Eco/Invest/Demography, Non-Life

“This year, the number of new demat accounts may cross the 40 million mark,” said Dr Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI, adding that apart from a few states, the participation of women increased more than national average in FY25 as compared to...

India’s savings rate shoots past global average: SBI report

by AIP Online Bureau | Dec 23, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography

“Due to various measures, India’s financial inclusion improved significantly and now more than 80 per cent of adults in India have a formal financial account, compared to about 50 per cent in 2011, which is improving the financialisation of the savings rate of...
India’s insurance penetration falls further from 4% to 3.7% in FY 24

India’s insurance penetration falls further from 4% to 3.7% in FY 24

by AIP Online Bureau | Dec 23, 2024 | Indian News, Life, Non-Life, Policy, Regulation

According to the latest IRDAI annual report for Fy 23-24, released today after its ratification in the winter session of Parliament the insurance penetration for life insurance industry has again marginally declined from 3 per cent in the previous year to 2.8 per cent...

Shriram General Insurance settles Rajasthan accident claims in 24 hours

by AIP Online Bureau | Dec 23, 2024 | Briefs, Non-Life

Shriram General Insurance Company (SGIC) has settled the motor insurance claims within 24 hours of the incident in Jaipur (Rajasthan).On Friday, December 20, 2024, a truck loaded with chemicals collided with a tanker carrying LPG and other vehicles including a CNG...
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