insurance sector

Insurance cos to focus on IPOs, consolidation in 2018

Insurance cos to focus on IPOs, consolidation in 2018

The insurance industry is witnessing growth and is projected to have great times in the years to come.

Dec 30, 2017, 12:48 PM IST
GST: Insurance policies to get dearer from July 1

GST: Insurance policies to get dearer from July 1

Buying an insurance cover will become an expensive proposition from July 1 with the GST Council deciding to club it with the financial services sector and taxing it at 18 percent under the GST regime.

May 20, 2017, 10:27 AM IST

Give govt employees freedom to choose fund managers: PFRDA

Insurance regulator PFRDA wants government employees to be given freedom to choose their fund managers and investment pattern for money invested in Atal Pension Yojana.

Apr 12, 2016, 20:35 PM IST

Most Indians don't buy health insurance on high premium: Study

People across all age groups in India do not buy health insurance due to high premium cost, a survey released on the occasion of World Health Day revealed on Thursday.

Apr 07, 2016, 20:14 PM IST

Irdai ask insurers for compliance details on Ombudsman orders

Taking note of delay by insurers in implementing orders and awards of Ombudsmen, insurance regulator Irdai today directed companies to furnish details of cases pending for compliance for the last three years.

Apr 01, 2016, 20:34 PM IST
Govt mulling 49% FDI in insurance sector via automatic route

Govt mulling 49% FDI in insurance sector via automatic route

Government is considering a proposal to permit 49 percent FDI through automatic approval route in the insurance sector with a view to attracting more overseas inflows.

Feb 21, 2016, 14:37 PM IST
Insurance FDI: Indian promoters to decide on directors, CEO

Insurance FDI: Indian promoters to decide on directors, CEO

With 49 percent FDI being allowed in insurance sector, regulator IRDAI Monday said Indian promoters will have control over appointment of majority of directors and that of key management persons, including CEOs.

Oct 19, 2015, 23:27 PM IST

Strengthening network key to insurance sector growth: Report

Insurers should embrace the digital space with a resilient cyber security framework to disrupt the traditional business structures, it said, adding that cyber-security is a key risk area for insurance.

Aug 30, 2015, 13:15 PM IST

Mastek shares crash 67.5% on demerger of insurance business

The stock tumbled 67.45 percent to Rs 142.50, its 52-week low at the BSE. On the NSE, it crashed 67.46 percent to hit its one-year low of Rs 142.50.

Jun 12, 2015, 14:46 PM IST

Insurers want sops to start catastrophe pool

General insurers have urged the government to offer them some incentives for providing subsidised catastrophe cover to the poor under the proposed natural catastrophe pool.

May 29, 2015, 22:36 PM IST

Panel suggests a new disclaimer for use in insurers' ads

The report has also recommended that there should be greater transparency and clarity to enable policy holders to understand the boundaries of coverage in their policies.

May 24, 2015, 11:55 AM IST

IRDAI seeks suggestions on proposed amendments to its rules

Insurance sector regulator IRDAI has sought public comments on proposed amendments to its existing norms pursuant to the introduction of Insurance Laws (Amendment) Act, 2015.

May 11, 2015, 22:18 PM IST

RBI notifies hike in FDI cap in insurance sector to 49%

With this, RBI has included a new term 'Other Insurance Intermediaries appointed under the provisions of Insurance Regulatory and Development Authority Act, 1999' under the definition of 'Insurance'.

Apr 08, 2015, 21:58 PM IST

Passing IRDAI prescribed exam must to become insurance agent

Insurance sector regulator IRDAI has made passing an examination based on its syllabus a must for becoming an insurance agent.

Apr 02, 2015, 17:43 PM IST

Insurance set for valuation upgrade; may get $8-10 bn in FDI

Indian insurance sector is set for a major upgrade in its valuation and foreign players may infuse USD 8-10 billion (over Rs 60,000 crore) of capital with the passage of a new bill enhancing the FDI cap.

Mar 22, 2015, 12:39 PM IST

Insurance sector to get lot of foreign investment: Jaitley

With the passage of three key economic legislations in Parliament, Finance Minster Arun Jaitley on Friday exuded confidence that the insurance sector is expected to get a lot of foreign investment.

Mar 20, 2015, 19:24 PM IST

Insurance penetration in India at 3.9%, below world average

Insurance penetration in India at 3.9 percent was below the world average of 6.3 percent in 2013, Parliament was informed Tuesday.

Mar 10, 2015, 18:36 PM IST

Aditya Birla Group plans to foray into health insurance biz

Diversified conglomerate Aditya Birla Nuvo Ltd (ABNL) is planning to enter health insurance business in the country.

Feb 11, 2015, 22:27 PM IST

Norms tightened for appointment of agents by insurers

Under the newly promulgated Ordinance, insurers cannot appoint any "principal agent, chief agent and special agent", neither they can transact any insurance business through them.

Jan 04, 2015, 16:43 PM IST

Insurance Ordinance to help firms raise funds: Fin Min

The Finance Ministry on Saturday said the Ordinance for insurance sector reform will help companies raise capital through new and innovative instruments, besides promoting economic growth and job creation.

Dec 27, 2014, 21:19 PM IST