Chief Economic Adviser V Anantha Nageswaran said microfinance...
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FSSAI issues notices to Dr Reddy’s, Nestle Health Science, Amazon, Flipkart for misleading claims
The regulator further said that the claims printed on the pack...
Govt caps trade margins at 30 pc of MRP for anti-cancer drugs
The move addresses excessive trade mark-ups and aims to improve...
HC can enhance compensation even without claimant appeal: Lucknow bench
The court made the observation while dismissing an appeal filed by the National Insurance Company Ltd against an award of the Faizabad Motor Accident Claims Tribunal. The tribunal had awarded ₹7.20 lakh to the family of one Sabhajeet Tadmali. The high court enhanced...
Insurance and bank stocks erase $14 billion on IRDAI’s fee cap plan
PB Fintech, which owns Policybazaar, plunged as much as 34%, while Turtlemint dropped 20%. Shares of HDFC Life, Bajaj Finserv, the holding company for Bajaj Life and Bajaj General Insurance and Max Financial Services, the holding company of Axis Max Life Insurance...
India’s insurance sector sees resilient growth, but profitability, productivity remain key challenges: McKinsey
Between fiscal years 2017 and 2025, the number of in-force individual life insurance policies has remained essentially flat, at around 330 million,” which further indicates insurance has yet to fully benefit from the country’s wider financial inclusion gains. The...
IRDAI’s Distribution Reforms: Commission on general insurance products proposed to be slashed from 30% to 20%, to 12.5% for life over 5 yrs
Greater transparency would be required from insurers and large distribution entities, which would have to disclose commission policies and structures in a simple and accessible manner. Specified commercial insurance policies would also carry commission disclosures,...
FSSAI starts penal action against Amazon, Swiggy, BigBasket, others
In a social media post, the Food Safety and Standards Authority of India (FSSAI) informed that it has launched a "major crackdown on e-commerce platforms, including Amazon, Swiggy Instamart, BigBasket, Flipkart India and Zepto over regulatory non-compliances". The...
Karnataka govt constitutes SIT to probe fraudulent insurance claims
The government order directed the SIT to conduct a comprehensive investigation into all fraud complaints received from insurance companies and submit investigation reports to the government without delay through the Director General and Inspector General of Police....
Banks to remain open on next Sunday, ahead of proposed 3-day strike, Sept salaryof govt employees to be paid on 25th: MoF
The release said the decision was aimed at ensuring that the banking needs of customers are not adversely affected for an extended period due to the strike and the preceding holidays. New Delhi: Public sector banks and regional rural banks will remain open and...
Record savings on medical expenses under Ayushman Bharat: PM Modi
“Today, more than 60 crore beneficiaries have access to Rs 5 lakh annual health cover making it the largest healthcare scheme in the world,” he said in his post.It has enabled record savings on medical expenses, thus benefitting the poor and middle class.Ayushman...
Patient safety top priority, working with authorities on counterfeit-medicine probe: Pfizer
The Karnataka health regulator on Sunday said it has cancelled 16 drug licences of retailers and wholesalers and suspended eight others in connection with the alleged distribution and sale of spurious medicines. New Delhi: Pfizer on Tuesday said patient safety and...
Star Health settles 2.77 lakh insurance claims worth Rs 1,370 cr since starting ops in Rajasthan
The company is focusing on expanding access to health insurance as well as digital consultations and home-based healthcare services,said Vijay Arora, business head at Star Health Insurance Jaipur:Star Health and Allied Insurance Company, the largest exclusive health...