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Insurers allowed to sell stand-alone OD auto covers from Sep 1
Consequently, effective from 1st September, 2019, the issuance of bundled policies for cars and two-wheelers will not be compulsory.Further, insurers will have the option to offer package policies, in addition to stand-alone OD and third party (TP) policies. Long term stand-alone OD policy will not be permitted for the present.
Govt may raise income-tax threshold in Budget to revive economy
Finance Minister Nirmala Sitharaman may raise the tax exemption limit for working-age individuals to Rs 300,000 ($4,316) of their annual income, up from the current Rs 250,000, the people said, asking not to be identified as they aren’t authorised to speak publicly about the proposals. The tax measures haven’t been finalised yet.
New scheme to provide social security pension to farmers
10 foreign reinsurers record an Indian premium of Rs 9500 crore, up 50 %,in FY 2018-19
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