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Insurance sector News

06 Jul 2024

Hike Deduction Limit For Health Insurance Premiums, Demands Insurance Sector

Although dates have not been announced officially, reports have said that FM Sitharaman could present the Union Budget on July 24.

Interim Budget 2024

30 Jan 2024

Interim Budget: Exempt Insurance Policies From GST, Demands Insurance Sector

Insurance sector has also demanded the government to increase the tax exemption limit under 80C, which will encourage savings, promote insurance coverage, and stimulate economic growth.

27 Jun 2023

DNA: If you use more phone then pay more insurance premium

DNA: If you spend more time on social media on your mobile, then you may have to pay more insurance premium in future. Because now your social media profile will decide how much your insurance will be.

16 Mar 2021

Now insurance companies to protest against privatisation

The four PSU non-life insurers are National Insurance Company Ltd, The New India Assurance Company Ltd, The Oriental Insurance Company Ltd and United India Insurance Company Ltd. The two-day Nationwide bank strike caused a lot of inconvenience to the customers on services such as cash withdrawals, deposits, cheque clearances, remittance services. However, branches of private-sector lenders like ICICI Bank, HDFC Bank and Axis Bank are open as they are not part of the strike.

Interim Budget 2019

30 Jan 2019

Interim Budget 2019: Government may announce various sops for insurance sector

The Interim Budget (2019-20) will be presented on February 1.

18 Mar 2018

Hiring activity sees 6% growth in February 2018: Report

The demand to hire seasoned professionals in senior management roles with experience of over 16 years saw 16% YoY growth.

New India Assurance

03 Feb 2018

New India Assurance net profit zooms to Rs 617 crore in Q3

For the quarter under review, the firm has earned a total income of Rs 5,900.68 crore up from Rs 4,729.18 crore earned during the corresponding quarter of the previous year.

Union Budget 2018

29 Jan 2018

Union Budget 2018: Insurance sector and expectations from the Modi govt

Pradhan Mantri Fasal Bima Yojana farmers pay a very nominal premium and get a full claim for the crop damage.

Insurance Companies

30 Dec 2017

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.

20 May 2017

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.

insurance regulator

12 Apr 2016

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.

insurance sector

07 Apr 2016

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.

01 Apr 2016

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.

FDI in insurance

21 Feb 2016

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.

19 Oct 2015

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.

insurance sector

30 Aug 2015

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.

12 Jun 2015

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.

General insurers

29 May 2015

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.

insurance sector

24 May 2015

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.

11 May 2015

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.

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