18% GST on premium is brutal: Nilesh Sathe, IRDAI member
The levying of an 18% tax on insurance premiums is detrimental to improving the penetration of insurance in the country Read more
Nilesh Sathe
Insurers may have to lower agent commission for certain products
Insurers may soon have to lower commissions to insurance agents in certain product categories, such as participating products even as Read more
IRDA: Govt should drop tax on insurance maturity proceeds
Insurance regulator Irda will take up with the government the issue of 2 per cent income tax Read more
LIC Nomura to float offshore ETFs soon
The coming fiscal will be an event-filled one for LIC Nomura Mutual Fund, which has on its priority list new offshore index-linked exchange-traded funds (ETFs), tapping the existing customer base to the hilt and introducing unique timely schemes. The CEO, Nilesh Sathe, in an interview, weighs in on future prospects, the strong areas and the issues to tackle. Read more
LIC Nomura Mutual Fund re-launches ULIS with more features
LIC Nomura Mutual Fund has re-launched its open ended Unit-Linked Insurance Scheme (ULIS) recently with additional features aiming at Rs 500 crore assets under management (AUM) by the end of FY13, with one lakh new investors. Read more
