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Govt to give incentives to boost electric vehicles

“We would like to support electric vehicles by providing vast range of initiatives such as lower road taxes. And the government will act as a catalyst so that automobile sector continues to play a major role in India’s GDP and job creation as well as in exports,” Amitav Kant,CEO,Niti Aayog

Non-life insurers’ gross premium up 9% at Rs 10,012 cr in Nov

As of November 30, 2017, the New India Assurance Co Ltd has the highest market share in the non-life insurance market at 15.6 per cent, followed by National Insurance Company (11.17 per cent), United India Insurance (10.82 per cent), ICICI Lombard (8.81 per cent), Bajaj Allianz (6.22 per cent) and AIC (6.18 per cent)

Private bill in RS proposes health to be made a fundamental right

Bill.states that state shall provide a system of health protection to all citizens, including prevention, treatment and control of diseases and access to essential medicines.all citizens should also have access to basic health services, emergency medical treatment and mental healthcare.

IRDAI Panel suggests competitive returns for life insurance customers

Panel has suggested to “lower the mandatory proportion of ‘G-Secs’ in the Life Fund and the Pension and General Annuity Funds and allow for higher exposure in alternative higher yielding assets (like equity or property) or high rated corporate bonds” to help insurers generate a high gross return on investments so that insurance savings products can compare favourably in the financial savings space

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