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Budget 2024: TDS reduced on life insurance policy payout from 5% to 2%, receives positive responses from insurers

by AIP Online Bureau | Jul 23, 2024 | Health, Indian News, Life, Non-Life, Policy

The introduction of a clause pertaining to non-deductible expenses in Section 37 for life insurance companies may lead to tax litigation. The proposed hike in Capital Gain Tax is expected to impact the tax liabilities for ULIP policyholders Rushabh Gandhi, MD &...

Govt to release financial sector vision, strategy document for 5 years, rules for FDI to be simplified

by AIP Online Bureau | Jul 23, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Regulation

Shailaja Lall, Partner, Insurance & Reinsurance, Shardul Amarchand Mangaldas & Co, commented the budget has announced that there will be some simplification of the rules and regulations pertaining to FDI, which will be keenly awaited by foreign investors in...
ICICI Pru Life Q1 PAT up 9% to Rs 224.34 cr

ICICI Pru Life Q1 PAT up 9% to Rs 224.34 cr

by AIP Online Bureau | Jul 23, 2024 | Indian News, Life

Anup Bagchi, Managing Director and Chief Executive , ICICI Pru Life The company said it registered nearly an 8 per cent growth in the value of new business (VNB) to Rs 472 crore and the VNB margin stood at 24 per cent Mumbai: ICICI Prudential Life Insurance on Tuesday...
IRDAI slaps a fine of Rs1cr on Care Health, orders it to buy back Rashmi Saluja’s exercised stock options and cancel others

IRDAI slaps a fine of Rs1cr on Care Health, orders it to buy back Rashmi Saluja’s exercised stock options and cancel others

by AIP Online Bureau | Jul 23, 2024 | Health, Indian News, Intermediaries, Regulation

Rashmi Saluja, non-executive chairperson cum director, Care Health Insurance The issuance of stock options of Care Health Insurance to Rashmi Saluja in her capacity as the chairperson of Raligare Enterprises Ltd(REL), the holding company Care Health Insurance, is in...

US, European regulators sign joint statement on effective AI competition

by AIP Online Bureau | Jul 23, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

Generative AI has rapidly evolved in recent years and the “technological inflection points” could introduce new means of competing, catalyzing opportunity, innovation and growth, the statement said Regulators in the United States, European Union and...
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