BUDGET 2013 HIGHLIGHTS
- No changes in Income Tax rates or slabs, Rs 2000 credit for those earning up to Rs 5 lakh per annum. Read more
Month: February 2013
Budget 2013 Reaction in Insurance Industry
Mr. Nirakar Pradhan, Chief Investment Officer, Future Generali India Life Insurance Co Ltd Read more
Distinguishing attributes of actuarial science
There are several distinguishing attributes of actuarial science : Read more
Budget 2013: OPPI wants increase in deduction with respect to health insurance premium
Organisation of Pharmaceutical Producers of India (OPPI) in its budget 2013 wish-list has asked the government to government to increase the deduction to an individual or HUF under Section 80D with respect to health insurance premium paid. Read more
70% insurance customers’ loyalty at risk as retention challenges escalate
With an average of only 30% of customers globally reporting having positive customer experiences with their insurers, insurers will need to address multi-distribution and customer experience, concludes the sixth annual World Insurance Report 2013 (WIR 2013) released by Capgemini and Efma. Read more
Life insurance premiums may come down from April 1
Life insurance premiums may come down as the number of deaths per person (mortality rate) has reduced, according to the new mortality table released by the Insurance Regulatory and Development Authority (IRDA). Read more
In times of blight, govt falters on insurance
– Off-budget expenses drain cash needed to pay premium for scheme for potato farmers
The cash-strapped state government has defaulted on paying its share of premium for a potato crop insurance, putting farmers in a spot at a time blight has infected the vegetable in large parts of West Midnapore and Burdwan. Read more
Insurance: Big push to traditional products
Insurance is one of the most happening sectors today and on the threshold of rapid growth, thanks to a series of developments in the last two decades. Read more
The future of the insurance sector is pension and health products: D K Mehrotra
Life Insurance Corporation of India has planned to get into the banking sector through its subsidiary, LIC Housing Finance. D K Mehrotra, chairman of Life Insurance Corporation of India, the government-owned giant, talks of their plans with Business Standard. Read more
Tips to plan your life insurance needs
Financial products are sold- not bought, and insurance products stand first in this category. This is because people trust the recommendations of the commission- based sales force and forget to analyse their individual needs. Read more