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Health report indicates significant growth in non-communicable diseases across India
On average, at least one in three Indians today were pre-diabetic,...
S Africa’s Sanlam hikes stake in 2 Shriram insurance JVs, TPG to exit insurance cos
Sanlam has already entered into a share purchase deal to buy 6.29...
Insurance subsidiaries of DHFL are in a comfortable position:IRDAI
“The insurance companies (of DHFL) are safe. I don’t see any problem in the insurance companies. We monitor the performance and their solvency is adequate and there is nothing to worry,” Khuntia said on the sidelines of centenary year celebration of New India Assurance on Tuesday
LIC offering Rs 1.25 trillion by 2024 for highway projects, says Gadkari
“LIC has offered us Rs 25,000 crore in a year and Rs 1.25 trilion in five years They have agreed in principle. We will rope in these funds in highways construction,” Gadkari told PTI in an interview here.
IRDAI cautions Reliance Nippon Life on expense management
-According to the IRDAI rulings on Friday , the insurer has neither furnished the Certificate from the appointed actuary nor demonstrated that the interest of the policyholders was not affected due to the excess of expenses over the prescribed limits.
-The insurer is found to have contravened provisions of section 40B of the Insurance Act, 1938 with respect to non-compliance of the limits prescribed for expenses of management, said IRDAI.
Government to prepare national data on unorganised sector
There is no separate published data for unorganised sector as a whole. “However, the shrinking of unorganised sector is a positive indicator of development,” Labour and Employment Minister Santosh Kumar Gangwar said
Relaxing foreign-ownership laws will benefit Indian insurers:Fitch
“We believe increased international involvement, particularly from developed markets, will contribute positively to the development of distribution networks, use of technology in distribution as well as bring in expertise in areas such as marketing and client-servicing,” said Fitch.
Time for your first Term Plan
Providing financial protection to your family often forms the basis and first step of financial planning. It is in this circumstance that a simple form of insurance called a Term Plan becomes very crucial. A term plan is an insurance tool that offers financial protection in the form of a sum assured to your family members if something unexpected happens.
Life insurers to refund premium in a yr old policy in case policyholder commits suicide:IRDAI
In case of non-linked policy, the nominee or beneficiary of the policyholder shall be entitled to at least 80 per cent of the total premiums paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in force, said IRDAI in its revamped life insurance regulations that will be effective from Monday.
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.