As per the policy on COVID-19 testing, directed by the management,...
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All in a year: Equity market investors turn richer by Rs 80.62 lakh crore in 2023
Experts said India's strong macroeconomic fundamentals, political...
LIC wants more investment avenues, ‘in active discussion’ with RBI for access to debt data via CRILIC: Chairman
Siddhartha Mohanty,chairman,Life Insurance Corporation According to...
PM Modi says 12,000 Ayush centres to be set up across India
The prime minister also asserted that if the healthcare system of the country has to be transformed, it has to be approached in a holistic manner by strengthening the combined power of traditional and modern medicines.
100% FDI in insurance intermediaries notified
The FDI limit was set at 49 per cent till now. Industry had said the move to allow 100 per cent FDI for insurance intermediaries is a positive one and will help in the long-term and holistic development of the industry.
Insurance broking body opposes 100% FDI in the sector
In an earlier missive to the chairman of the insurance regulator IRDAI SC Khuntia, the IBAI has said, “ An online survey of brokers was conducted where a slight majority (51%) were against FDI being increased and a significant majority (49%) were in favour. The IBAI work on the basis of the majority view and it is this context that the IBAI would like to reiterate the stand that it has consistently taken which is that FDI at this stage is not recommended for the industry.
D Srivastava to head GIC Re, M Poddar selected as AIC CMD
Similarly, the governmemt has filled up two posts of managing directors at Life Insurance Corporation by appointing Mukesh Gupta, executive director, LIC and Raj Kumar, CEO, LIC Mututual Fund to these posts.
Bank recapitalisation unlikely to deliver much, says S&P
“Fragile financial markets, rising risk aversion, and weakness in some highly leveraged corporate sectors will continue to stress the asset quality and growth,” the agency said, adding the key to banking recovery is the resolution of legacy weak assets.
EPFO to launch e-inspection system to simplify process
The proposal to double minimum monthly pension Rs 2,000 under the Employees’ Pension Scheme, 1995, was deferred as employees’ representative demanded for higher amount, the source added.
Foreign investors pull out Rs 3,014 cr from capital markets in Aug so far
“One can now expect reversal of the FPI selling. The market is likely to look up from now on. However, sustained rally in the market will happen only when we have visibility on good earnings growth and reversal of the slowdown underway in the economy which requires more reforms.The Finance Minister has announced that she will come back with more reforms soon. So, there is hope,” said V K Vijayakumar, chief investment strategist at Geojit Financial Services.
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Face-to-face distribution remains the primary mode of buying insurance in India:PwC report
A focus efforts on three areas of productivity, assistance and enablement along with exceptional customer experience and user friendliness, will ensure higher engagement and adoption from sellers.
IRDA begins pilot projects to boost auto insurance
Last year, the life insurance segment has grown by 11 per cent, general insurance segment has grown by 12 per cent and health segment has grown by 20 per cent, while standalone health insurers have grown by 37 per cent
India to achieve most of COP 21 climate change goals in next 1.5 yrs Modi
The country had decided to better adapt to climate change by enhancing investments in development programmes in sectors vulnerable to climate change, particularly agriculture, water resources, Himalayan region, coastal regions, health and disaster management.