Recently, I went to give a lecture on Insurance at a local school in Muscat. The lecture was, in fact, intended to tell basics about insurance. All went well. Couple of days later, I received this following mail from a girl called Ms. Priya. This girl has asked a very innocent question. The answer tests our understanding of Insurance. I am imperfect. However, I tried my best to answer her.
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The Petroleum & Natural Gas Ministry is willing to pool in half the amount into the Rs 2,000-crore proposed fund to provide insurance to domestic refiners which process Iranian crude oil.Read more
Shriram Group has said that it will seek a banking licence for a new group entity which will focus small-ticket loans and will have a low-cost model. Read more
MRPL and Chennai Petroleum Corporation are facing a crisis situation with reinsurers stating that their coverage will not be available to any company processing Iranian crude. While both these refiners process Iranian crude oil, Chennai Petroleum Corporation is worse affected as the Iranian oil companies have a 15% stake. Read more
Financial services major Reliance Capital group has begun talks to sell 26 per cent equity in its general insurance arm to a foreign partner, and is open to selling further stake in life insurance and mutual fund units.Â “We are in talks for sale of 26 per cent stake in general insurance business to a foreign strategic partner,” Reliance Capital CEO Sam Ghosh told in an interview. Read more