The proceeds will be injected into state-controlled firms including...
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EC work: LIC field workers move HC for protection of their service conditions
Petitioner National Federation of Insurance Field Workers of India,...
Insurance sector remains constrained by a high-cost distribution model inflating protection cost:Economic Survey
Nirmala Sitharaman Union Minister for Finance and Corporate Affairs...
Expanding Life and Health insurance can boost ASEAN growth, says a Study
In partnership with PwC, the study evaluates the social and economic impact of insurance in six ASEAN countries: Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. A 50 per cent growth in non-life insurance coverage is projected to yield up to 3.1...
Govt plans disinvestment of more PSUs: DIPAM Secretary
Some of the names where the government will like to disinvest include a few PSU banks like UCO Bank and Bank of Maharashtra and Life Insurance Corporation of India New Delhi, Sep 22 (IANS) India is set to surpass its Rs 47,000 crore disinvestment target for the...
Insurers start passing on full benefits of zero GST on retail Life and Health covers
``The net outgo for individual consumers has been reduced for products like Health Insurance, Personal Accident & Travel Insurance, maintaining the same policy coverage and claims servicing standards'' Naveen Chandra Jha, MD and CEO, SBI General Insurance New...
Domestic investors buy record Rs 5.3 lakh crore worth equities in 2025 to date, Insurers and pension funds add more than Rs 1 lakh crore
Foreign institutional investors (FIIs) remained net sellers, dumping Rs 1,80,443 crore so far in 2025 after selling Rs 1.21 lakh crore last year New Delhi: Even with a quarter remaining in 2025, domestic institutional investors have net bought a record Rs 5.3 lakh...
‘GST bachat utsav’: Taxes on wide range of goods, services to be reduced starting Monday
Underlining that the mantra of ‘Nagarik Devobhava’ is clearly reflected in the Next Generation GST reforms, the PM highlighted that when the income tax relief and GST reductions are combined, the decisions taken over the past year will result in savings exceeding ₹2.5...
IRDA chairman asks insurers to pass on full benefits of zero GST to customers
Ajay Seth,chairman,IRDAI Seth asked the insurers to strengthen and establish service standards for market conduct, compliance, risk management, and internal audit functions, along with creating a standing forum at the Life Council to examine Court awards and derive...
Irdai chairman Ajay Seth launches Bima Sugam website
``The launch of the website today is an important milestone, and I am confident that with collective industry commitment, the vision of 'Insurance for All by 2047' — as part of the Prime Minister's mission of Viksit Bharat 2047 — will become a reality. Ajay...
Sebi to engage with govt to allow banks, pensions funds to invest in non-agri commodity derivatives
"We will also engage with the government to consider banks, insurance companies and pension funds to trade in these (non-cash, non-agricultural) markets," chairman Tuhin Kanta Pandey said Mumbai:Sebi will "engage" with the government to allow banks, insurance...
Govt asks insurers to pass on full benefits of 18% GST exemption to both existing and prospective retail Life and Health policyholders
M. Nagaraju, secretary, Department of Financial Services Further, the insurers have been directed M. Nagaraju, secretary, Department of Financial Services(DFS) to proactively undertake outreach campaigns to publicize the reforms and highlight their prospective...
Life Insurance: Current offerings do not align with financial priorities of next-gen customers
The life insurance industry is facing a critical challenge as its next generation of customers redefines their major life milestones The World Life Insurance Report 2026, conducted jointly by the Capgemini Research Institute and LIMRA, shows that even though 68% of...