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UK’s Prudential forms JV with IT major HCL for Health Insurance foray in India
Anil Wadhwani, Chief Executive Officer, Prudential plc The health...
Need safeguard measures before raising FDI limit to 100 pc in insurance: Par Panel
Bhartruhari Mahtab,chairman, Standing Committee on Finance The...
4 PSU general insurers to implement organisational restructuring from Monday, Unions to protest
``As we enter the New Year, we are excited to announce the introduction of this new organisational design starting from 13th February on pilot basis,''said Suchita Gupta, CMD, National Insurance Company in a letter to the company's employees Similar letters have been...
New tax regime to leave higher disposable income in hands of people: Sitharaman
Nirmala Sitharaman,Finance Minister Sitharaman said the new tax regime announced in the Budget is ''very attractive'' as the tax exemption limit has been hiked to Rs 3 lakh, from Rs 2.5 lakh earlier. Besides, a standard deduction of Rs 50,000 too has been allowed...
Raj Budget: Medical cover under Chiranjeevi health scheme increased
Ashok Gehlot, Chief Minister,Rajasthan The chief minister said families other than those below poverty line (BPL) and EWS can also avail benefits of the state's ambitious Chiranjeevi Swasthya Bima Yojana by paying a fixed yearly premium of Rs 850 Gehlot also announced...
4.34 crore hospital admissions costing Rs 51,749 crore authorised under govt’s health insurance scheme: Minister
Mansukh Mandaviya,Union Health Minister According to Mandaviya, a total of 23.07 crore beneficiaries have been verified under the scheme for issuance of Ayushman cards as of February 2, 2023 New Delhi: A total of 4.34 crore hospital admissions entailing an expenditure...
Integrative Medicine Centres will start at govt medical sites: Mansukh Mandaviya
Union Health Minister Mansukh Mandaviya "Opening such Centres will help in initiating co-location of practitioners of the Indian system and modern medicine, thus harmonizing both medical systems and providing joint multidisciplinary care to the patients," Union Health...
Budget-2023-24:Beyond tax-saving-driven insurance sales
Bhargav Dasgupta – MD & CEO, ICICI Lombard For a sector such as general insurance, where the industry has sought tax support for increased spend on home insurance or health, there is a message that they will have to strive for growth beyond tax-saving-driven...
New tax regime won’t endanger country’s savings rate: Revenue secretary
Sanjay Malhotra,Revenue Secretary "I would also like to point out that the savings through tax exemptions is actually a very small portion of the total savings of our country, which are about Rs 25 lakh crore for households. Savings through tax (saving) instruments...
‘Substantial changes’ made in personal I-T in Budget, new tax regime now more attractive: Sitharaman
Union Finance Minister Nirmala Sitharaman In what is being seen as a push for the salaried class to switch to the new tax regime where no exemptions on investments are provided, the finance minister in her Budget for 2023-24 allowed a standard deduction of Rs 50,000...
Budget 2023-24: Health sector allocation sees 13 pc hike, mission to eliminate sickle cell anaemia announced
Among these central sector schemes, the budget allocation for the National Health Mission has been increased from Rs 28,974.29 crore in 2022-23 to Rs 29,085.26 crore in 2023-24, and for Pradhan Mantri Jan Arogya Yojna (PM-JAY), it has been hiked from Rs 6,412 crore to...
IRDAI retains reinsurance `Obligatory Cession’ at 4% for general insurers in FY2023-24
The government has notified move on Tuesday saying that the entire Obligatory Cession is to be placed with General Insurance Corporation of India (GIC Re) only. Mumbai/New Delhi: Disappointing the private sector general insurers and foreign reinsurers which are having...