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Atal Pension Yojana design best guarantees minimum 8 pc return says Sitharaman rebuts Cong charges
"Atal Pension Yojana is designed based on best practice choice...
After pricing, IRDAI now allows general insurers freedom of wordings in corporate policies from Apr 1
Now, the insurers can change terms, conditions, clauses,...
SBI Life’s net profit rises by 5% to Rs390 crore in June quarter
The listed life insurer,though has seen its new business premium falling by three per cent y-o-y to Rs 3060 crore,has increased its gross premium income by 14 per cent y-o-y to Rs 7640 crore in Q1 FY 2021 mainly due to strong growth in renewal premium that has expanded by 30 per cent y-o-y to Rs 4580 crore in the reporting quarter.
Floods kill scores in India’s tea-growing Assam; nine rhinos drown
“It’s hard to enforce social distancing when people are being ordered to move away from the rising waters,” said Sanghamitra Sanyal, a member of the northeastern state’s flood management force.
“Allow the merger of 3 PSU general insurers”:Officers’association urges Sitharaman
The proposed mega company,would have faced the the challenges posed by the private companies,who are indulging in unhealthy trade practices.The competitors – particularly from the private sector,had launched vilified campaign of ‘possible short-comings’ in the services rendered by these PSGI companies on account of proposed merger so as to en-cash the situation for expanding their market, said Confederation
Record single-day spike of 40,425 COVID-19 cases; India’s tally crosses 11 lakh
The death toll due to the disease rose to 27,497 with 681 fatalities reported in one day.India’s COVID-19 tally crossed the 11-lakh mark, just three days after it crossed the ten-lakh mark.According to the ICMR, a cumulative total of 1,40,47,908 samples have been tested up to July 19 with 2,56,039 samples being tested on Sunday.Of the 681 deaths reported in the last 24 hours, 258 were reported from Maharashtra, 91 from Karnataka, 78 from Tamil Nadu, 56 from Andhra Pradesh, 38 from Uttar Pradesh, 36 from West Bengal, 31 from Delhi, 20 from Gujarat and 15 from Madhya Pradesh.
Corona Kavach health insurance policy evokes good response: Insurers
“The response has been tremendous as people are quite eager to buy these plans. Since these plans have gone live on the PolicyBazaar’s website, the company has been selling 300-500 policies per day,” said Amut Chhabra, Head-Health Insurance, Policybazaar.com.
Most customers buying these plans are young individuals, he said, adding that “the policies are very much affordable like Rs 208 monthly, which is a fairly cheap amount.” Observing that the response to the Corona Kavach is from across the country, he said, the policy is “following the same trend as the corona situation right now in the country with people from Maharashtra, Tamil Nadu, Karnataka, Delhi NCR showing massive interest in the newly launched plans”.
India plans to reduce number of state-owned banks to just five: sources
The first part of the plan would be to sell majority stakes in Bank of India, Central Bank of India,Indian Overseas Bank, UCO Bank, Bank of Maharashtra and Punjab & Sind Bank, leading to an effective privatisation of these state-owned lenders, a government official said.
Aditya Puri highest paid banker for FY20 with Rs18.92cr in remuneration
Second largest private sector lender ICICI Bank’s managing director and chief executive Sandeep Bakhshi’s gross earnings stood at Rs 6.31 crore in his first full year as the head of the lender, the bank’s annual report said.
Policybazaar to raise $150 million in third quarter
Growth over the last year is between 70 per cent and 100 per cent depending on insurance product, he said, adding, “this year we should be profitable. We were profitable in FY18, while FY19 and FY20 we were not quite profitable. So this (growth in business) will help us to become profitable from this year onwards.”
Covid-19 spread may spike in monsoon with fall in mercury: IIT-AIIMS study
According to the study,there is a likelihood of an increased transmission of the coronavirus during winter,which may be a major challenge for health workers and policymakers to enforce mitigation and control measures.
India received 6% more rainfall than normal so far this monsoon, says IMD
But the northwest India division, which covers Jammu and Kashmir, Ladakh, Uttarakhand, Himachal Pradesh, Uttar Pradesh, Haryana, Punjab, Delhi and Rajasthan, has recorded a 19 per cent deficiency, according to the IMD.