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SBI Life’s PAT at Rs 310  cr, rises by 13 % in Q1FY 2019    

The Value of New Business (VoNB) of the life insurer stood at Rs  2.2 billion for Q1 FY2019 and the company’s VoNB margin, a measure of the expected profitability of new business,increased by 80 bps from 16.2 per cent for FY2018 to 17.0 per cent for Q1 FY2019

Mathur panel to check `exclusions’ in health insurance policies

The committee, headed by S Mathur, executive director, IRDAI, will deliberate issues like, exclusions that are prevalent in the health insurance policies. rationalise the exclusions by minimising the number, so as to enhance the scope of health insurance coverage granted. rationalise the exclusions that disallow coverage with respect to new modalities of treatments and technologically advanced medical treatments.

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