Apprehending that this frequent change in trajectory might impact...
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LIC receives GST notice for Rs 806 crore
LIC will file an appeal before the Commissioner (Appeals), Mumbai,...
Gujarat govt issues guidelines for liquor law exemption rules in GIFT City
Any unit situated in GIFT City, desiring to obtain an FL-III...
Rs 70,000 cr package announced for exports, realty sectors to boost growth
Besides, a Rs 1,700 crore annual dole will allow Export Credit Guarantee Corp (ECGC) to offer higher insurance cover to banks lending working capital for exports, she said. This will enable reduction in the overall cost of export credit including interest rate, especially for MSMEs, she added
Regulatory Sandbox a win-win position for regulators and Start-ups:IRDAI
Banarji, urged insuretech firms to use the facility to test new products and services and added that IRDAI will start receiving applications under regulatory sandbox from 15 September to 14 October 2019
IRDAI penalises Bagic and Go Digit for violating its norms
In one of the findings, the IRDAI has said that the number of offices (financial year wise) indicates that the actual number of offices as per the records of Bagic varies with the number of offices as per the records of the IRDAI and public disclosures. There is noticeable increase in the number of offices and staff after MISP guidelines have come into effect.
IRDA forms panel to link motor premium with traffic violations
It is perceived that linking Insurance premium to traffic violations committed could reduce road accidents and change driver behavior said IRDAI.
Anup Rau to head Future Generali India Insurance
Rob Leonardi, Regional Officer for Generali Asia said, “We view India as an important and fast-growing market for our business in Asia. Anup’s vast experience and understanding of retail, combined with his expertise in strategic digital initiatives within the industry, will be a huge asset for Future Generali India.”
Delhi Police issues 3,900 challans on first day of newly amended Motor Vehicles Act
Parliament had in July passed the Motor Vehicles (Amendment) Bill, 2019, which seeks to tighten road traffic regulations such as the issuance of driving licence and imposes stricter penalties for violations in an attempt to improve road safety.
LIC western zone sets 11% growth in new premium mop-up in FY20
“For the current year, we have a target of selling 39.75 lakh policies or a premium collection of Rs 11,375 crore. We have already sold 9,75,000 policies with a total premium of Rs 4,600 crore in the first five months of the fiscal,” zonal manager C Vikas Rao told reporters.
Amit Shah assures Rs 2 lakh insurance for J&K panchayat members
Jammu and Kashmir has been under restrictions since then with clampdown on mobile and internet communications.
FPIs pulled out Rs 38,930 cr in FY19 due to weak market sentiments: Sebi
“Despite heavy capital infusion by FPIs in last two months, the Indian capital market suffered a net outflow to the tune of Rs 38,930 crore in 2018-19 as macroeconomic headwinds weighed on investor sentiment through the year,” the report said.
Fintech panel suggest legal framework to protect digital services consumers
The panel has also recommended that insurance companies and lending agencies be encouraged to use drone and remote sensing technology for crop area, damage and location assessments to support risk reduction in insurance/lending business.