Insurance watchdog IRDAI says 'yet to get' proposal from LIC on IPO; announcement made during Budget 2020
Khuntia said only LIC has undertaken efforts on micro-insurance and exhorted others to fasten up on the same given the needs in India
Budget 2020: Insurance industry expects more tax incentives to increase penetration of life, general cover among public
The insurance industry is expecting more tax incentives to increase the penetration of life and general cover among the public in the upcoming Union Budget
Despite low penetration, the ongoing economic slowdown will impact insurance premium collections over the next two to three years, global ratings agency Moody's Investors Service said on Tuesday
Union Budget 2019: Consolidation of PSU general insurers may require capital infusion of Rs 13,000 cr
The government may need to shell out close to Rs 13,000 crore to improve the financial health of public sector general insurers before initiating their consolidation, sources said
In 2017, state-owned New India Assurance Company and General Insurance Corporation of India were listed on the bourses.
Reliance Capital claims stake sale to halve firm's debt over next 3-4 months; lines up non-core assets for monetisation
Reliance Nippon is valued at over Rs 5,000 crore and sale of controlling stake is expected to be at a significant premium to market, the statement claimed.
Insurance penetration in India grows just 1% in last one and half decade; These six charts explain why
Despite healthy growth, India’s share in the global insurance market was meagre 2.0 percent during 2017
Regulator IRDAI on Friday slapped a penalty of Rs 5 lakh on United India Insurance Co for violating norms regarding the settlement of motor claims.
Axis New Opportunities AIF-I and PI Opportunities Fund-I, an AIF of Premji Invest, will purchase 1.65 percent and 2.35 percent stake, respectively, from SBI.
Kerala floods: PSU general insurers promise quick settlement of car, bike claims; set up camps across state
In the case of the Kerala floods, the loss will be higher under the motor insurance portfolio as the state has a sizeable number of costly vehicles.
While the DP Jindal Group will hold 26 percent, Enam Securities will hold 25 percent in the new Liberty General Insurance Company, in which the foreign partner Liberty Mutual Insurance Group of the US will continue to hold 49 percent
The government should focus more on creating awareness on crop insurance with farmers through training about the benefit of the scheme at Krishi Vikas Kendra and rural NGOs
New India Assurance shares fall over 9% in debut trade; stock listed at Rs 748.90, down 6.38% on BSE
During the day, New India Assurance stock tumbled 10.28 percent to Rs 717.75.
New India Assurance's Rs 10,000 cr IPO to hit market in first week of November; more insurers to follow
The offer comes soon after the Rs 11,370 crore IPO of General Insurance Corp. of India Ltd (GIC Re), which will be listed on 25 October. It has already been oversubscribed by over 1.35 times.
Statistics reveal that around 80 percent of expenditure on health is through personal, out of pocket resources in India, which is an inefficient way of dealing with healthcare expenses.
The government should take steps to create awareness about the importance of insuring home
Anil Ambani also said the group may look at separate listing of various businesses, including life insurance, general insurance and commercial finance at an appropriate time
From being a humongous loss-making operation, crop insurance is becoming marginally profitable. But the vast bulk of India's vulnerable farmers are not covered by it.
Life insurance companies have sought a separate tax deduction limit of Rs 1.5 lakh in an effort to make this asset class more taxpayer friendly.