Insurance industry
INSURANCE INDUSTRY NEWS
Efforts on to make India a global reinsurance hub: IRDAI Chairman Debasish Panda
May 25, 2023 3:27 pm
“We are making efforts towards building a reinsurance landscape which will enable India to become a global reinsurance hub,” Debasish Panda said.
‘Technical issue’: Motor third party cover hike to be delayed and revised rates may come into effect after May 15
April 01, 2022 5:36 am
Further, in a bid to promote environment friendly vehicles, the draft notification has proposed a 15 per cent discount for electric private cars, electric two wheelers, electric goods carrying commercial vehicles and electric passenger carrying vehicles.
Not expecting significant growth for insurance industry this year due to COVID-19: Bajaj Allianz
May 21, 2020 4:33 pm
"I think this is an year of survival, not everybody is likely to invest (in policies) when the GDP (gross domestic product) is not likely to do good. This year will not be an year of significant growth," Tarun Chugh, MD and CEO of Bajaj Allianz Life Insurance, told PTI in an interview.
Insurance industry expecting more tax incentives in Union Budget
January 24, 2020 5:29 pm
In a pre-budget memorandum, the Life Insurance Council has sought a separate deduction in personal taxes or an increase in the present limit for the premium paid for individual life policies.
Limit agents’ share, says IRDA
January 14, 2016 1:49 am
According to insurance sector officials, earlier individual agents used to get up to 35-40 per cent as commission in the first year.
Foreign partners go for more stakes in insurance JVs
December 08, 2015 1:19 am
AIA Group hikes equity stake in Tata Life to 49%; more stake sales in the offing.
13/11 may push more medium firms to go for terror cover
November 18, 2015 1:34 am
Officials said that the Indian Market Terrorism Risk Insurance Pool, formed as an initiative by all the non-life insurance firms in India in April 2002, is adequate to tackle any eventuality.
FDI in insurance: Slugfest on between local, global brokers
June 16, 2015 3:25 am
When the Parliament allowed 49 per cent FDI in insurance, the government framed the rules in such a way that FDI in broking is restricted to 49 per cent.
Policy paralysis has hurt growth of general insurance
December 10, 2013 3:48 am
The state of policy paralysis in India has hurt the general insurance industry significantly,says managing director and chief executive officer of HDFC Ergo
Insurance industry to grow below 5% in FY'14: CII
June 23, 2013 9:07 pm
50 per cent of surveyed life insurance companies are projected to clock negative growth this fiscal.
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