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It’s heartening to note that the budget addresses the headline issues and tries to provide the required sense of direction for higher growth trajectory. We welcome Finance minister’s move to introduce the banking, insurance and pension bills. We are sure this will stimulate growth in the sector and economy as a whole. Read more
“The Budget has kept a fiscal deficit target of 4.6% for next year. This could translate into bringing the stimulus package down from last year, considering the economy is in a good shape. This will keep inflation in check, add to this the proposal of spending more on infrastructure and education will keep our economy on track to the targeted growth.  Read more
Key announcements relating to insurance Read more
The budget is positive in its reform direction. The FM clearly stated that the new legislations regarding Insurance, Pensions and Banking would be tabled in this session of the Parliament. This is a welcome move considering that it took lot of time for evolving the consensus on the proposed reform especially about insurance. Read more
You can read the latest stories on insurance that have been published in various media.
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The Insurance Times, a leading group of Insurance Publications in India has announced the launch of preparatory Guidebooks for the Officers appearing in promotional exam exercise of 4 Public Sector General Insurance Companies. Read more
The 13th Global Conference of Actuaries (GCA) organised by the Institute of Actuaries of India (IAI) and the International Actuarial Association [IAA] was inaugurated by Mr. N Rangachary, former Chairman of IRDA. Mr. Peter Akers, Chairperson – 13th GCA Organizing Group welcomed Mr. Rangachary and the delegates. Read more
The insurance industry is looking forward to support from the Government in spreading the benefits of insurance across more and more Indians. The tax incentives should clearly distinguish between short term and long term savings and offer a differential benefit to all those who choose long term of over 10 years. Read more
Swiss Re reports strong results for 2010, reflecting the sustained earnings power of its business and the strength of its client franchise. The company achieved full-year net income of USD 863 million and earnings per share of USD 2.52.
Read moreReference is drawn to circular ref. IRDA/CAD/GDL/AGN/016/02/2011 dated 11th February, 2011 prescribing certain guidelines relating to individual agents in respect of life insurance, which, among others, include prescription of minimum business requirements for individual agents by insurance companies and prohibition of relatives of Read more