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INSURANCE NEWS
Reduction in TDS for life insurance payouts draws mixed reactions
Sat, Jul 27, 2024     Source : Business Standard
TDS will be reduced from current rate of 5% to 2% from October 1
INSURANCE NEWS
Life insurers tweak products, incentives to protect margins after IRDAI's new surrender rules
Fri, Jul 26, 2024     Source : Economic Times
Private sector life insurers in India are working on ways to navigate new guidelines from the Insurance Regulatory and Development Authority of India (IRDAI), which mandate paying surrender value from the ...
INSURANCE NEWS
Maintaining premium growth, sustained margins key for ICICI Prudential Life
Thu, Jul 25, 2024     Source : Business Standard
The agency growth was driven by the addition of more than 12,000 agents, plus the launch of new products
INSURANCE NEWS
IRDAI orders Care Health Insurance to revoke Rashmi Saluja's Stock Options
Wed, Jul 24, 2024     Source : Economic Times
The Insurance Regulatory and Development Authority of India (IRDAI) has directed Care Health Insurance Ltd.
INSURANCE NEWS
Group insurance for startups: Policies to consider
Fri, Jul 19, 2024     Source : Mint
The group programmes can be customized to specific requirements of a company.
INSURANCE NEWS
Irdai imposes penalty of Rs 2 crore on Bajaj Finance, Aegon Life Insurance
Wed, Jul 17, 2024     Source : Business Standard
Bajaj Finance said that the decision does not have any material impact on its financial, operational, or other activities, the company said in an exchange filing
INSURANCE NEWS
Irdai may consider implementing risk-based supervision model: Keki Mistry
Tue, Jul 16, 2024     Source : Business Standard
India's overall insurance penetration reduced to 4% in FY23 from 4.2% in FY22
INSURANCE NEWS
33 major health insurers live on new national claims exchange
Tue, Jul 16, 2024     Source : Economic Times
Around 33 big health insurance companies have joined the NHCX or National Health Claims Exchange - a centralised platform developed by govt to exchange insurance claims-related information.
INSURANCE NEWS
Combi products offering life, health insurance soon; will insurers sell mutual funds?
Tue, Jul 16, 2024     Source : Economic Times
The government plans to introduce a Bill seeking amendments to the Insurance Act, of 1938, during the upcoming Budget session, sources told the ET Wealth Online.
INSURANCE NEWS
Insured Declared Value in motor insurance cover: How is it calculated, is lower IDV better?
Mon, Jul 15, 2024     Source : Economic Times
What is Insured Declared Value? In vehicle insurance, insured declared value is the maximum amount that the insurer will pay you in case of theft or total loss of your car or bike.
INSURANCE NEWS
LIC regains market in new business premium; private peers cede ground
Fri, Jul 12, 2024     Source : Business Standard
LIC's market share had peaked at 68.25 per cent in Q3FY23 and gradually declined over subsequent quarters
INSURANCE NEWS
IRDAI puts Care Health Insurance on notice over ESOPs to Saluja
Fri, Jul 12, 2024     Source : Economic Times
India's insurance regulator has issued a show cause notice to Religare Enterprises subsidiary, Care Health Insurance (Care), in relation to the grant of stock options to Rashmi Saluja, the Religare chairpe...
INSURANCE NEWS
Term insurance premium up 2-3%
Fri, Jul 12, 2024     Source : Economic Times
Major life insurance companies have increased term insurance premiums for the current fiscal year.
INSURANCE NEWS
Top private life insurance firms hike term policy premium by 4-7%
Thu, Jul 11, 2024     Source : Business Standard
HDFC Life, Bajaj Allianz Life, ICICI Prudential Life, Max Life increase by 4-7%
INSURANCE NEWS
Non-life insurance companies report 13.7% growth in premiums in Q1 FY25
Wed, Jul 10, 2024     Source : Business Standard
Non-life insurers include general insurance companies, standalone health insurance companies, and specialised PSU insurers
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