"And insofar as presumptive tax cases, about 97 per cent of the...
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IRDAI to come out with new regulations on industry’s commission structure soon:Seth
Ajay Seth, chairman, IRDAI ``We are working on the regulations...
Budget 26-27:Ensuring macro stability, policy clarity and gowth opportunity
As India moves confidently towards its vision of Viksit Bharat,...
IRDAI tightens fraud control measures for re/insurers and distribution partners, to be implemented from next Apr 1
All insurers have to share with Insurance Information Bureau (IIB) the details of distribution channels, hospitals, third party vendors and fraud perpetrators blacklisted and IIB will have to maintain the caution repository concerning all such details in order to...
Widening Protection Gap: Role of Specialty Brokers
“Specialty brokers are the connective tissue of the global insurance market. They act as strategic advisers — identifying emerging risks, building the data to make them insurable, aggregating demand for new solutions and uniting diverse sources of capital. In doing...
Canara HSBC Life IPO sees tepid response; subscribed 6 pc on day 1
The retail individual investors (RIIs) category was subscribed 9 per cent, and the portion for non-institutional investors received 3 per cent. The qualified institutional buyers (QIBs) category did not see any participation so far. Canara HSBC Life Insurance Company...
Bajaj Finserv rebrands insurance businesses as Bajaj General Insurance and Bajaj Life Insurance
Sanjiv Bajaj, chairman & managing director, Bajaj Finserv "The acquisition of shares in accordance with the terms of the Share Purchase Agreement( SPA), is expected to be completed in the coming months, making both insurance entities wholly owned by the Bajaj...
IBAI meets Sitharman, submits proposals for insurance inclusion
Lto R- Narendra Kumar Bharindwal, president, IBAI,Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, Rashmi Iyer, director, IBAI Nirmala Sitharaman, Union Minister, Finance & Corporate Affairs Embed suitable insurance covers with Mudra Loans,...
HDFC Life launches ‘First Call’ term campaign
HDFC Life, has unveiled a new term insurance campaign titled “First Call.” The campaign ‘First Call’ has two evocative films which portray how moments of vulnerability naturally direct individuals to reach out to those closest to them. It also reminds viewers that...
Zero GST Impact: Pvt sector general and health insurers slash commission to brokers and agents by 18% from Oct 1
ICICI Lombard General Insurance, Tata AIG General insurer, Star Health Insurance, niva Bupa Health Insurance, Aditya Birla Health Insurer and Care Health Insurer have already announced their decisions to reduce commission All the general insurers and stand health...
FSIB recommends R Chander as MD of LIC
The Financial Services Institutions Bureau (FSIB) interviewed five candidates for the positions. LIC has four managing directors besides CEO and MD who heads the life insurance giant. Mumbai: FSIB, the headhunter for directors of state-owned banks and financial...
LIC sees Rs 1,100 crore premium inflows on first day of GST relief
Industry experts said that the removal of GST has made traditional life insurance policies more affordable and attractive for individual buyers, which is expected to push up sales in the coming months Mumbai: Life Insurance Corporation of India (LIC) attracted strong...
100% FDI: Indian Govt issues norms to ease compliance for foreign investment in insurance
The proposed changes to the Amended 2015 Rules make it clear that the government’s intent is not limited to encourage foreign investment in the insurance sector, but it extends to provide a more friendly regulatory environment to both the new foreign entrants, as well...