by AIP Online Bureau | Jun 13, 2024 | Articles, Eco/Invest/Demography, Regulation, Risk Management
The Indian life sector has been marred with tax-rate changes (on high-ticket non-par policies) in the budget last year (2023). Investments in smaller tickets, growth in interiors, higher payouts and the ULIP wave (over non-par) have kept margins muted. In this...
by AIP Online Bureau | Jun 12, 2024 | Indian News, Life, Regulation
We note that the final guidelines are somewhat more favorable than the earlier draft. Based on our preliminary calculations, surrender income could decrease by approximately 55-70%. It’s too early to quantify the impact on the Value of New Business (VNB) margin,...
by AIP Online Bureau | Jun 12, 2024 | Eco/Invest/Demography, Indian News, Risk Management
“The monsoon has slowed down after reaching Maharashtra and may take a week to regain momentum,” an official of the India Meteorological Department (IMD) told Reuters New Delhi: India’s monsoon rains have lost momentum after covering western regions...
by AIP Online Bureau | Jun 12, 2024 | Eco/Invest/Demography, Indian News, Policy
Nirmala Sitharaman, Union Finance Minister She also stated that the reforms undertaken since 2014 will continue, which will further provide macroeconomic stability and growth for India. She also highlighted India’s commendable growth story in recent years amidst...
by AIP Online Bureau | Jun 12, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management
As soon as temperatures breached 43.6C in Ahmedabad, Makwana and thousands of other women were told that ICICI Lombard, an insurance company, would pay them a portion of their daily wages. The Self-Employed Women’s Association labour union runs the insurance...
