Insurance 2019

Insurance 2019 News

Relaxing FDI limit in insurance intermediaries to strengthen distribution capabilities: Fitch Ratings
Business

Relaxing FDI limit in insurance intermediaries to strengthen distribution capabilities: Fitch Ratings

The Budget proposal of relaxing foreign investment limit in insurance intermediaries will strengthen distribution capabilities and increase international involvement, particularly from developed markets, Fitch Ratings said on Monday

Union Budget 2019: Consolidation of PSU general insurers may require capital infusion of Rs 13,000 cr
Business

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

Govt plans to merge all four state-run insurers to form single, mega entity under New India Assurance Co
Business

Govt plans to merge all four state-run insurers to form single, mega entity under New India Assurance Co

The government is reportedly planning to form a single, mega entity by merging all four state-run insurers - New India, Oriental National, United India and New India Assurance

Union Budget 2019: Industry lobby FICCI for increasing FDI cap in insurance sector to 74%
Business

Union Budget 2019: Industry lobby FICCI for increasing FDI cap in insurance sector to 74%

The government needs to increase foreign direct investment cap in the insurance sector and multi-brand retail trading for products manufactured and sourced from India for attracting overseas inflows, industry chamber FICCI said on Thursday

Budget 2019: Startup LetsMD seeks incentives for healthcare sector; demands measures to boost insurance penetration
Business

Budget 2019: Startup LetsMD seeks incentives for healthcare sector; demands measures to boost insurance penetration

Healthcare startup LetsMD on Friday sought incentives in the forthcoming Budget for setting up hospitals in smaller towns and cities, and also demanded measures to boost insurance penetration

Budget 2019: Govt may provide Rs 4000-cr capital infusion for public sector general insurers to strengthen financial health
Business

Budget 2019: Govt may provide Rs 4000-cr capital infusion for public sector general insurers to strengthen financial health

The Department of Financial Services sought Rs 4,000 crore in the Budget for fund infusion in three insurance companies

Budget 2019: Announce accidental insurance, concessional credit for traders, CAIT asks Narendra Modi
Business

Budget 2019: Announce accidental insurance, concessional credit for traders, CAIT asks Narendra Modi

Traders' body CAIT on Wednesday demanded an incentive package from Prime Minister Narendra Modi for traders such as accidental insurance coverage, credit at concessional rates and rationalisation of GST slabs

Insurance sector to witness strong growth on robust GDP expansion, evolving regulatory regime: Moody's
Business

Insurance sector to witness strong growth on robust GDP expansion, evolving regulatory regime: Moody's

During fiscal 2018, total gross premiums for the non-life and life insurance sectors grew 11.5 percent to Rs 6.1 lakh crore ($94 billion), bringing the 5-year compound annual growth rate (CAGR) to 11 percent.

Finance Minister should consider liberalising Section 80C, and increase tax exemption limit
Business

Finance Minister should consider liberalising Section 80C, and increase tax exemption limit

Senior citizens have their own geriatric needs. Unfortunately, section 80C doesn’t cater to them.