Page 2 - Insurance

RBI rate cut, Government borrowing & spending, Foreign investment, Insurance employees demand pay hike, MSMEs see growth

Goal is for Axis Max Life Insurance to become a listed entity: MD

In first nine months, we have grown at 25 per cent versus private sector growth of 19 per cent and overall industry growth of 14 per cent. So we are gaining market share as we go along, the MD said

India's ad industry may grow at 6.5% to hit Rs 1.1 trillion by year-end

Digital media has emerged as the largest platform for advertising spending, accounting for 49 per cent, that is Rs 49,251 crore, of the Indian advertising industry

Draft bill seeking 100% FDI in insurance to be sent to Cabinet soon: DFS

The finance ministry will soon send the draft bill seeking to increase FDI limit in the insurance sector to 100 per cent to the Union Cabinet for its approval, Financial Services Secretary M Nagaraju said on Monday. "Finance Minister has already given her approval and announced in the Budget. Now we will prepare a draft bill with the help of the law ministry," he said in an interaction with media here. Thereafter, the draft bill will be sent to the Cabinet for approval. The intent of the Department of Financial Services (DFS) is to get the bill introduced during the current Budget session, he said. Finance Minister Nirmala Sitharaman in her Budget speech proposed to raise the foreign investment limit to 100 per cent from existing 74 per cent in the insurance sector as part of new-generation financial sector reforms. "This enhanced limit will be available for those companies which invest the entire premium in India. The current guardrails and conditionalities associated with foreig

Ulips post-Budget: Assess suitability, examine costs before investing

Investors prioritising liquidity and flexibility should stick to a term plan-MF combo

Budget 2025: How 100% FDI will benefit the Indian insurance industry

The government seeks to fully unlock the potential of India's insurance industry, and has announced opening up of the sector to 100 per cent FDI

Budget 2025: Charting a new growth path amid excess capacity, FDI concerns

Net FDI inflows are plummeting due to repatriation by foreign firms, coupled with increased outbound foreign investment by Indians

Charting a new growth path: Budget highlights falling insurance penetration

Limited choice of insurance products and absence of people-friendly claim settlement mechanism is leading to lower insurance coverage in rural India

Budget 2025: Govt allows 100% FDI in insurance, easing foreign entry

The jury is divided on whether this move has led to the expected inflow of investments

Budget 2025: Ulip tax confusion sends insurance stocks into tailspin

Changes positive for industry, clarify experts; growing appeal of new tax regime may act as headwind for sector

Gift City gains traction as more entities explore redomicile opportunities

GIFT City started with the concept that we could pull an international financial centre in India

Irdai caps senior citizens' health premium increase at 10% per annum

Steep rise in health insurance premium of senior citizens has been engaging the attention of Irdai and is a regulatory concern, Irdai said

Need policy framework to help states fund parametric insurance: Surbhi Goel

Parametric (or index-based) insurance is a type of coverage that focuses on the likelihood or probability of a loss-causing event occurring, rather than indemnifying the actual losses sustained

Restrictions on bancassurance may not be a great step: HDFC Life's Padalkar

Bancassurance is a partnership between banks and insurance companies to sell insurance products through bank branches

Retired bank manager loses 2.2 cr in scam: Here's how to remain protected

Experts advise that if someone claims to be an authority, like police, an insurance regulator, or a ministry official, verify their identity by consulting contacting official helplines

Resolve insurance disputes efficiently with Bima Bharosa & ombudsman

If the grievance system misses resolution deadlines, don't hesitate to follow up frequently. Consistent follow-ups ensure your issue remains a priority and that delays are addressed

Buying Term Insurance? Here are the best plans for you to consider

Term insurance is a must for young professionals who are looking to provide a cushion for their dependants

Budget 2025 expectations: Insurers seek GST cut, Section 80D hike, more

Budget 2025: Key demands include reducing GST on premiums, revising tax exemptions under Section 80D, and introducing a health regulator to counter rising medical inflation

Demand buoyancy pushes services PMI to 4-month high of 59.3 in December

The higher demand supported output growth and prompted firms to recruit additional workers

Risk appetite: How Indians are diversifying their savings portfolios

Expectedly, urban households display a greater inclination to adapt their investment choices to dynamic economic conditions