Finance Minister
Finance Minister introduces Insurance Amendment Bill 2021
Micro-insurance trips on claims
Finance minister P Chidambaram’s Budget proposal to allow business correspondents to sell micro-insurance products in rural India is well-intentioned, as it would get more uninsured people on board. Read more
New insurance, pension bills soon
In a move that will boost sectors hobbled by lack of capital, the finance minister has indicated that the government is confident of getting the Insurance and Pension Bills passed in the ongoing Budget session of Parliament. Read more
2013 likely to be a year of transition for insurance industry: Yateesh Srivastava, AEGON Religare Life Insurance
In an interview Yateesh Srivastava, Chief Marketing Officer & Head – Talent, AEGON Religare Life Insurance discusses his outlook for the insurance industry and measures that the government can take to bring the industry back on track. Read more
Genuine step to widen insurance mkt: Sunil Godhwani
The finance minister has been able to deliver a balanced and inclusive budget with focus on poor, women and employment generation for youth. He has also steered clear of any large dollops of populism though the temptation would have been high, given that this was the last full-fledged Budget ahead of the 2014 general elections. Read more
Life insurance industry needs to tackle mis-selling of policies
The life insurance industry continues to face the menace of mis-selling. Even the finance minister publicly admonished insurers on the practice. The industry recorded a degrowth of insurance premium in 2011-12, while insurance penetration slipped to 3.40 from 4.60 in 2009. It is evident that no serious attempt has been made to find a way out. Read more
Second-generation insurance reforms on horizon
The government appears to be gearing up for second-generation reforms in the insurance sector.
When he resumed charge of the finance ministry, P Chidamabaram held a slew of meetings with the insurance regulator and captains of the industry in October 2012. Read more
Central Bank gains 3% on approval for preferential issue
Public sector lender Central Bank of India gained as much as 2.7 percent to touch an intraday high of Rs 83.85 recently after the board’s approval for preferential issue. Read more
Insurance firms being probed for evasion of service tax
Several insurance firms and companies are being probed for suspected evasion of service tax and recoveries have been made in some cases, Finance Minister P Chidambaram told Lok Sabha. Read more