COC, in an official communication, through its lawyer Luthra and...
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SBI Life Insurance partners with Lucknow Super Giants as ‘Lead Helmet Partner’
SBI Life Insurance has announced its association with the Lucknow...
Canara HSBC Life partners with Tripura Gramin Bank
Canara HSBC Life Insurance Company Limited announces a new...
LIC new premium more than doubles in June; pushes industry collection to Rs 32,241 cr
Private sector players witnessed an increase of 14.10 per cent in their collective new year business premium at Rs 6,211.17 crore in June, as compared to Rs 5,443.75 crore collected in the year-ago month.
Cabinet approves Occupational Safety, Health and Working Conditions Bill, 2019
The proposed code enhances the coverage of workers manifold as it would be applicable to all establishments employing 10 or more workers, where any industry, trade, business, manufacture or occupation is carried on, including IT establishments or establishments of service sector, the release said.
Top 10 states have 83% penetration of outstanding portfolio: Equifax-SIDBI study
The SIDBI-Equifax quarterly study revealed 20 per cent growth of volume in loan disbursements. Highest number of loans as of FY19 are disbursed in 20,000-30,000 ticket size category followed by 30,000-40,000 ticket size category whereas ticket size category of 50,000-60,000 saw the highest increase by 67% from FY18 to FY19.
Pakistan examines ways to bolster insurance penetration
Sabzwari said he will:-consider a request by brokerages for minimum commissions, while taking into account the views of all stakeholders after mutual funds objected to similar proposals earlier,
-reduce barriers for startups and small to medium-sized companies to tap capital markets; he targets a few listings this year
make it compulsory for companies to have group life insurance, third-party automobile liability coverage, and occupational health insurance before March.
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.