Epicentre of the quake was near the Afghanistan-Tajikistan border and occurred at a depth of around 190 kilometres,” an official said in Srinagar.There were no reports of any damage in India due to the earthquake.

Various studies state that medical inflation has been rising on an average of 10-12% each year. Unfortunately, health insurance in India is bought for tax exemption and not as per need of the individual or the family. An increase in the 80 D limit will assist customers in opting for health insurance keeping future health emergencies in sight. 

 “Our growth continues to be along the expected lines. Our profit stood at Rs. 359 crs YTD ‘Dec 17 v/s Rs. 25 cr YTD Dec ’16. This comprises a one-time reinsurance arrangement of Rs. 170 cr. Even if we were to exclude that, we have still secured a sustainable profit of Rs. 132 cr. Furthermore, we saw an underwriting profit of Rs 69 crores in Q3 FY17-18,Cost optimization and initiatives towards cost control has led to a reduction in operating expenses for SBIG,’’ said Pushan Mahapatra, MD & CEO, SBI General Insurance.

despite the robust economic growth, savings and investment as a ratio of GDP generally declined. The major reduction in investment rate occurred in 2013-14, although it declined in 2015-16 too. Within this the share of household sector declined, while that of private corporate sector increased

“The A rating  by A M Best an international agency is a reiteration of the financial strength of New India Assurance and its dominance in the Indian Market. No other indian direct insurer has this rating and we are proud of this, We are expecting a rating upgrade during 2018.” said G Srinivasan, CMD, New India Assurance

“We are expecting Rs 1,000 crore of net profit by the fiscal-end.We are planning to go for IPO somewhere during September – December  period , We also want to bring down its  underwriting loss to Rs 1000-1500 crore by fiscal-end,’’’ said Sarma.

“Post demonetisation, there has been a net inflow of Rs 19 lakh crore of financial savings into bank deposits, mutual funds and life insurance put together. “If we look at the 18 month period from April 2016 onwards, the net inflow into financial savings in the country has been about Rs 28 lakh crore which is equivalent to the GDP of an entire country like Thailand,” she said.