Doug Brown, CEO Insurance, Wealth & Retirement, Aviva...
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IRDAI sets higher targets for insurers in revised norms on `Rural, Social Sector and Motor Third Party Obligations’
Insurance business pertaining to Government social security schemes...
House panel recommends reduction of GST on health, term and micro insurance policies
Jayant Sinha, chairman, Parliamentary Standing Committee on Finance...
Deposits in Jan Dhan accounts cross Rs 1 lakh crore
Enthused by the success of the scheme, the government enhanced the accident insurance cover to Rs 2 lakh from Rs 1 lakh for new accounts opened after August 28, 2018. The overdraft limit has also been doubled to Rs 10,000.
Govt document proposes 74% FDI in insurance
Sitharaman did not provide many details about the proposals, but there are plenty of clues about the directions the government may be heading in a government document, dated May 3, seen by Reuters. And they may be more ambitious than those made public on Friday.
K Ganesh appointed as member, Life,IRDAI
Budget 2019-20 allows 100 % FDI in insurance broking
“The FDI limit from 40 per cent to 100 per cent is has been done to encourage higher overseas investment into the country,’’ said Sitharaman while presenting Budget 2019-20 in the Lok Sabha ,
Insurers hail “Growth Oriented” Budget 2019-20
However, Karthik Srinivasan,senior vice president and group head, financial sector ratings,ICRA Ltd, said the absence of any capital infusion plan for the public sector general insurance companies, most of whom require capital to avoid breaching regulatory solvency ratio
Global insurance prms exceed a record $5 trillion in 2018, to grow by 3% in 2019/20:Swiss Re Study
The non-life sector faces a fundamental structural shift over the next decades,with a possible decline in premiums from motor, the dominant line of business today. This potential decline will come as a result of the ongoing evolution of advanced driver-assistance systems and self-driving car technologies, which are expected to lead to lower claims, and so also lower premium rates and volumes in motor.
Retirement age set to rise due to higher life expectancy: Eco Survey
“Since an increase in the retirement age is perhaps inevitable, it may be worthwhile signalling this change well in advance perhaps a decade before the anticipated shift so that the workforce can be prepared for it,” the Economic Survey for 2018-19, tabled in Parliament by Finance Minister Nirmala Sitharaman Thursday, said.
Mumbai paralaysed after incessant rain; Maharashtra toll rises to 35
Twenty one people were killed and 78 injured in a wall collapse in the northern suburb of Malad in Mumbai early Tuesday following heavy rains
FWD buys Thai insurance unit for $3 billion, in top SE Asian sector deal
BANGKOK: FWD Group is acquiring the life insurance business of Thailand’s Siam Commercial Bank (SCB) (SCB.BK) for 92.7 billion baht ($3 billion) in Southeast Asia’s biggest insurance M&A deal, broadening a rapid Asian expansion by the Hong...
Indians still buy insurance for “tax-saving and investment”
A whopping 98 per cent of those surveyed purchased health insurance remains financial protection against medical expenses, even as 24% gave additional weightage to a combination of factors that include tax saving, personal events such as marriage, birth of child etc.