Neerja Kapur, CMD, New India Assurance ``The insurer is taking lot...
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Panda urges key stakeholders to collaborate to tap massive Indian Surety Bonds market
``India is expected to spend around Rs 100 trillion on...
Govt should consider bringing in age limit for use of social media: HC
MeiTY had under Section 69A of the Information Technology Act...
Chola MS records PBT of Rs. 347 crores, up 16.7 % in 2017-18
During the year, Combined Ratio (CoR) has improved to 100.79 per cent in FY 2017-18 from 101.25 per cent in the previous year.
Subhas Khuntia, a retired top bureacrat,appointed as new IRDAI chairman
Ministry of finance sources pointed out while selecting Khuntia, the government has kept in mind its priorities for the insurance sector.With Khuntia’s appointment, government after gap of five years, when Vijayan was the chairman of IRDAI between 2013-18-has once again picked up a bureaucrats over the insurers.
Bringing eco-friendly vehicles in India an issue due to lack of policy: Honda
“We (Honda) have declared that two-thirds of our production by 2030 will be non-conventional, either hybrid or plug-in or electric or fuel cell. So in line with that we have all the technologies available,” Honda Cars India Ltd (HCIL) Senior VP and Director Marketing and Sales Rajesh Goel told here.
Reinsurers hike prms & tighten terms in Apr 1 renewals
` The GIC Re consolidated its leading market position in proportional property despite imposing tightened terms and reduced commissions. The foreign branches of global reinsurers remain largely passive or absent in this arena . Risk and event capacity purchased remained broadly stable with some instances of modest retention uplift.’’ Will Re
Corporate frauds: Govt to encourage whistle-blowers to report suspicious activities
Embarking on multi-pronged efforts to clamp down on illicit fund flows, the corporate affairs ministry has already struck off the names of 2.26 lakh companies from the official records for not carrying out business activities for long besides ordering probes into the affairs of many such entities.
UP plans 1,000 hospitals; Ernst & Young asked for detailed project report
“As an extension of the central government’s Ayushman Bharat scheme,we are in the process of identifying two community health centres in each district. Their land, about three acres each, will be given on a long-term lease to private company which will construct a 100-bed hospital, along with an operation theatre and diagnostic centre,” he said. The project is likely to begin from November this year.
Cashback to businesses, price benefit to consumers for digital transactions on anvil
As per the proposal being worked out by the Revenue Department, consumers paying through the digital mode would be offered a discount over the maximum retail price (MRP). The discount would be capped at Rs 100.
Businesses, on the other hand, could get a cashback based on the quantum of turnover through the digital mode.
Govt to remain flexible in fixing NHPS premiums
“We want all the participating players including insurers, hospitals and other health care providers to have moderate amount of profit but not brutal profiteering at the cost of state exchequer.I think for this mission to be successful it has to be viable business and the intent is that we should have package rates and costing which is fair for the health sector as a whole and it is fair national exchequer,’’ said Paul
Long list of promoted GMs hints at delay in merger of 3 PSU general insurers
“ Obviously, the number of promotions indicate the merger is not happening in a hurry. The public sector general insurnace industry doesn’t need such large number of GMs after the merger of three insurers. Some of the newly appointed GMs have residual services of three to four years,’’ said sources in the industry
SBI Life’s net profit rises 13.33 % to Rs 381.21 cr in q4FY2018
Company’s Assets under management(AUM) have increased by 19 per cent from Rs 977.4 billion as of March 31, 2017 to Rs 1,162.6 billion as of March 31, 2018