Revenue from operations rose nearly 43 per cent to Rs 871 crore as...
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BAGIC net rises 3% to Rs 281 cr in Q3
Tapan Singhel , MD & CEO, Bajaj Allianz General Insurance The...
LIC’s $30 billion market rally gives IPO investors chance at redemption
Gains in India’s broader equity market have been a boon to LIC,...
Govt mulls to amend PFRDA Act; to separate it from NPS Trust: FM Sitharaman
“Necessary amendments would be carried out in the Pension Fund Regulatory and Development Authority Act. It will also facilitate separation of NPS Trust for government employees from PFRDA,” Sitharaman said while presenting the Union Budget 2020-21 in Parliament on Saturday.
Budget-2020:FM unveils disinvestment plans for LIC
On the the IPO size and timeline for the LIC disinvestment plans, Rajeev kumar, finance secretary cum secretary department of financial services(DFS) said the detaisl are being worked out.
“It will be finalised in the next fiscal.The required measures and the processes,including the consultations with the Law ministry,for the disinvestment of LIC, have already been initiated” said Kumar.
3 PSU general insurers to receive Rs 6,950 cr capital
According to the budget papers, a sum of Rs 6,950 crore has been allocated towards recapitalisation of the government-owned general insurers – the National Insurance Company Ltd, the Oriental Insurance Company Ltd and the United India Insurance Company Ltd – so that they can maintain the required solvency ratio.
LIC may become biggest firm by m-cap; valuation can hit Rs 10 trn: Experts
“LIC is likely to become the country’s biggest company by market capitalisation on the day of the listing given that it is the largest company in terms of assets under management (AUM),” Kajal Gandhi, Analyst, ICICI Direct said.
New I-T regime to curb investments, will impact market negatively: Experts
It can be noted that household savings have been steeply declining over the years. According to government data household savings have dropped to 17.2 per cent of GDP in FY18 from 23.6 per cent in FY12.
1.5 lakh Ayushman Bharat Health & Wellness Centres to be set up by 2022: Survey
“The focus of healthcare is on four important pillars – preventive healthcare, providing affordable healthcare, building medical infrastructure and mission mode interventions for maternal health, child health and to combat communicable and non-communicable diseases…,” it added.
Swadeshi Jagran Manch asks PM’s to stall mergers of 3 PSU general insurers
Among other issues, SJM in its letter to PM has argued that the merger of public sector insurance companies is likely to endanger growth of insurance sector in the country in general and would hamper the successful implementation of socially important flagship insurance schemes like like Pradhan Mantri Fasal Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Aarogya Yojana,
India forecasts faster economic growth, warns of fiscal challenge
“Going forward, considering the urgent priority of the government to revive growth in the economy, the fiscal deficit target may have to be relaxed for the current year,” Krishnamurthy Subramanian, chief economic adviser to the finance ministry, said in the report.
IRDAI fines ICICI Lombard Gen and TATA AIG Gen Rs 1 crore each for violating regulations
“it is noted that ICICI Lombard General Insurer continued selling issuing Group Personal Accident policies with policy term of more than one year even after 1st July, 2013 and individual Personal Protect policies with policy term of more than 3 years even after 1st October, 2013, in spite of both the products not meeting the maximum policy term criteria as prescribed in the IRDA (Health Insurance) Regulations, 2013 and even after taking a certificate based approval from the IRDAI on modifying the product term in accordance to the IRDA (Health Insurance) Regulations,2013,’’ said IRDA in its rulings against the company.
Mathur panel suggests ovehauling of Microinsurance Regualtions
The committee has suggested Index Based Products that are utilized by other developing countries like Kenya in Africa for insuring against calamities like drought