Individual underwriters will price risk and rates differently, but...
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Term Insurance: Women’s preferred financial product
Bajaj Allianz Life Women Term Survey highlights a significant shift...
US spends nearly $1 trillion on disaster recovery and other climate-related needs over last one year
Overall, increased climate costs from insurance premiums, power...
Russia threatens West as Turkey seeks grain deal extension
While Russian food and fertilizer exports are not under sweeping Western sanctions, Moscow says restrictions on payments, logistics and insurance industries are a barrier ANKARA: Russia on Friday threatened to bypass the UN-brokered grain deal unless obstacles to its...
Mutual funds invest Rs 1.82 lakh cr in equities in FY23 on strong push from retail investors
The Indian retail investors have warmed up to equity mutual funds and in fact, these have become their preferred investment option in volatile times. SIPs (Systematic Investment Plans) continue to be a popular investment method among retail investors Mumbai: Mutual...
Post office savings schemes compete with bank FDs after 3 hikes in rates by govt
The return on post office term deposits of two years under the small savings schemes is 6.9 per cent, the same as offered by most banks on deposits of similar maturity New Delhi: Post office term deposits, which were fetching lesser returns than bank FDs in the recent...
Munich Re won’t extend Nord Stream 1 coverage when it expires this year
Sources told Reuters that Allianz and Munich Re were among the European insurers that had previously renewed coverage for the damaged Russian-controlled Nord Stream 1 gas pipeline Munich Re will not proactively extend coverage for the Nord Stream 1 pipeline when it...
After Munich Zurich Insurance quits Net-Zero Insurance Alliance
Zurich’s departure will raise further questions about the workability of voluntary industry associations targeting emissions reductions. While GFANZ, as the biggest finance sector initiative with sub-groups covering insurance to banking, has raised the awareness among...
FPIs dump Indian equities worth Rs 37,631 cr in FY23; trend likely to reverse in FY24
The massive selling by FPIs from the Indian market has been absorbed by domestic institutional investors (DIIs), including mutual funds and insurance companies. This is a reflection of the rising clout and maturity of domestic investors Explaining the sectoral...
6,155 fresh Covid infections in India, active cases climb to 31,194
Union Health Minister Dr Mansukh Mandaviya In view of increasing cases of Covid-19, Union Minister Mansukh Mandaviya, who chaired a review meeting with states on Friday, asked them to stay alert and remain prepared for the management of the disease The latest preprint...
74% of Indians concerned about their personal financial situation: PwC Report
"Consumers will continue to demand world-class buying experiences in both physical and digital channels with work cut out for brands to reduce costs, enhance availability, and for 'going local'. The silver lining here remains the unequivocal growths in adoption of...
Daily Covid cases cross 6000-mark in India, positivity rate at 3.39 pc
New Delhi: India has logged 6,050 fresh coronavirus cases, the highest in 203 days, while the active cases have increased to 28,303, according to Union health ministry data updated on Friday. On September 16 last year, 6,298 cases were recorded. The death toll has...
India & China to account for half of global economic growth in 2023, says IMF chief
The period of slower global economic activity will be prolonged, with the next five years witnessing less than 3 per cent growth, “our lowest medium-term growth forecast since 1990, and well below the average of 3.8 per cent from the past two decades,'' IMF managing...