IRDA in India Insurers get IRDAI nod for FRN auto-renewal of cross-border reinsurers February 16, 2023 admin 287 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 Insurers want GST cut to 5% on health cover February 15, 2023 admin 184 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 Health Insurers hopes for better health infrastructure to support growth February 14, 2023 admin 227 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 201 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 Life insurers’ premium growth eases to 10% February 10, 2023 admin 196 Views 0 Comments growth, INSURERS, Life, premium The life insurance companies reported moderation in new business premium (NBP) growth in December. From a 30 per cent uptick Read more
IRDA in India Insurers to get flexibility in allocating commissions January 10, 2023 admin 205 Views 0 Comments allocating, commissions, Flexibility, INSURERS IRDAI said that removal of cap on commission of insurance intermediaries like agents and brokers will make insurance policies more Read more
General Insurance News Insurers ask govt to sort ‘GST evasion lapses’ January 2, 2023 admin 237 Views 0 Comments evasion, GST, INSURERS, lapses Under pressure in the ‘GST evasion’ issue, the insurance industry has approached the government to sort out the issue without Read more
General Insurance News Premiums of Non-life insurers up 15.5% in Oct December 26, 2022 admin 242 Views 0 Comments INSURERS, non-life, premiums The non-life insurance industry bounced back in October, as premiums grew at 15.51 per cent year-on-year (YoY) and marked a Read more
IRDA in India IRDAI proposes allowing insurers to invest in unlisted firms December 17, 2022 admin 209 Views 0 Comments firms, INSURERS, INVEST, IRDAI, unlisted India’s insurance regulator has proposed to the government that insurers be allowed to buy over 10% of unlisted firms without Read more
Life Insurance News LIC has edge over pvt insurers: Gains market share in FY23 December 13, 2022 admin 248 Views 0 Comments edge, Gains, INSURERS, LIC, market, SHARE Life Insurance Corporation (LIC) of India has gained almost 4.5 percentage points market share in the current financial year (2022-23, Read more