IRDA in India Insurance sector needs Rs. 50000crore each year; Insurers need to plough back profit: Panda February 17, 2023 admin 211 Views 0 Comments Insurance, INSURERS, PANDA, PLOUGH, sector India’s insurance industry will need to infuse Rs 50,000 crore of capital every year in order to double penetration in Read more
IRDA in India Insurers get IRDAI nod for FRN auto-renewal of cross-border reinsurers February 16, 2023 admin 297 Views 0 Comments FRN, INSURERS, irda, reinsurers, renewal In order to conduct reinsurance arrangements with Global reinsurers, which do not have an office in India (called “Cross border Read more
Health Insurance News Health cover sales up in rural areas February 16, 2023 admin 219 Views 0 Comments areas, cover, health, rural Sale of health insurance policies in semi-urban and rural markets is increasing with private insurers seeing a spike in the Read more
Health Insurance News General insurers bet on health, insurtech to drive growth in 2023 February 15, 2023 admin 273 Views 0 Comments General insurers, growth, health, InsurTech For the general insurance industry, 2022 was a year of regulatory changes, innovation and the rise of insurtech and health-based Read more
Health Insurance News Insurers want GST cut to 5% on health cover February 15, 2023 admin 191 Views 0 Comments GST, health, INSURERS Reduction of GST on health cover to 5 percent, hike in 80D limit and tweaking of norms on pension/annuity products Read more
Health Insurance News Universal health cover may bring down costs February 14, 2023 admin 228 Views 0 Comments costs, health, universal India’s uninsured population could get cover at Rs 2,000 for a sum insured of Rs 5 lakh if universal health Read more
Health Insurance News Health Insurers hopes for better health infrastructure to support growth February 14, 2023 admin 235 Views 0 Comments growth, health, health Insurers, infrastructure, INSURERS The Covid pandemic brought with it greater awareness regarding the need for health insurance boosting business for such insurers in Read more
Life Insurance News Insurers seek hike in tax deduction limit February 13, 2023 admin 207 Views 0 Comments deduction, hike, INSURERS, limit Ahead of the Union Budget 2023, insurers are hoping that the Centre will act on their recommendations, which includes increasing Read more
Life Insurance News Gadkari wants surety bond insurance for infra projects February 11, 2023 admin 188 Views 0 Comments bond, Gadkari, infra, Insurance, projects, surety Gadkari recently launched India’s first surety bond insurance product for highway contractors, from Bajaj Allianz Insurance. Seeking rapid growth for Read more
Life Insurance News Wealthy Indians under scanner over foreign Life Insurance Policies February 11, 2023 admin 190 Views 0 Comments foreign, Indians, life insurance, policies, Wealthy Many rich Indians, some belonging to the community of diamantaires, are under probe by the income tax department for holding Read more