Tuhin Kanta Pandey,Chairman,SEBI In his statement on Monday,...
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Finance Ministry notifies 100 pc FDI in insurance sector, amends FEMA Rules
While 100 per cent foreign investment will be allowed in insurance...
Temasek, LIC, Canadian pension fund in line-up to sell stakes in India’s NSE IPO
Major state-owned insurers with significant stakes in the NSE as of...
Dip-stick Survey:DFS Secy takes up unsatisfied closed complaints with banks and insurers
M Nagaraju, secretary, Department of Financial Services Till date eighteen such meetings have been conducted and 360 grievances have been reviewed. The objective of such an exercise is to assess the efficacy of grievance resolution through a 'dip-stick survey' at the...
Financial literacy a “core life skill” to secure savings, says Shamika Ravi
Shamika Ravi, Member of the Economic Advisory Council to the Prime Minister, explained that while increased digitalization has simplified access through phones, it has not necessarily improved understanding of sophisticated products. She questioned why traditional...
NHRC notice to IRDAI over specially-abled children’s kin facing difficulty in getting life insurance
Taking cognisance of the complaint, the bench of the Commission headed by Priyank Kanoongo has issued a notice to Insurance Regulatory and Development Authority of India (IRDAI), directing it to take appropriate action in this matter and submit a response to the...
Chinese Insurer Ping An’s offshore unit reconsiders US exposure
Ping An Overseas Holdings is building a portfolio of around $60 billion overseas, with some of that going to investment assets in the US, Tung said. “Now, we think about whether we should trim down a bit, even though the overall portfolio is still very small anyway.”...
Women & Financial Independence:Navigating insurance and long term planning
In terms of product preferences, women increasingly opt for a mix of protection and long- term savings solutions. Term insurance for financial protection, savings-oriented life insurance plans for wealth creation, and retirement solutions such as annuities are among...
Public Insurance Registry to modernise information architecture of insurance sector:Seth
Ajay Seth, chairman, IRDAI `By enabling standardised, consent-based access to structured insurance data, the Public Insurance Registry seeks to enhance transparency, strengthen consumer confidence, and support more effective regulatory oversight. This reform is...
Government to expand insurance coverage to 25,000 gram panchayats: Sitharaman
25,000 gram panchayats will be covered this time, with gram panchayat being at the focal centre and looking at coverage of insurance in and around that area," Finance Minister Nirmala Sitharaman said New Delhi:The central government is set to extend insurance coverage...
IRDAI reconstitutes Insurance Advisory Committee
The IAC advises the Irdai on framing regulations, protecting policyholder interests, and fostering the orderly growth of the insurance sector. Comprised of industry experts, it reviews policies, ensures regulatory efficiency, and recommends measures to improve market...
Modernising Indian Insurers: Technology route to transformation
Organisations that are moving towards modular systems and AI-enabled decision tools are seeing faster product development, better pricing accuracy and stronger fraud detection, says a Deloitte India’s report India’s insurance sector is entering a new phase of...
Young Indians: From aspirational spending to aspirational planning
The shift is evident on social media, where conversations increasingly centre on insurance coverage, SIPs, credit scores, and early retirement, rather than unchecked consumption. In this environment, sharply focused financial products such as term insurance are being...