Insurance Sector

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

Union Budget 2020-21: Nirmala Sitharaman may announce second round of capital infusion for non-life insurers

Finance Minister Nirmala Sitharaman may announce second-round capital infusion for public sector general insurance companies in the upcoming Budget to improve their financial health

Economic slowdown to hit insurance premium collections over next 2-3 years: Moody's

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

Govt to set up unified regulator for IFSCs; bill to be introduced in Lok Sabha after withdrawal from Rajya Sabha

Currently, the banking, capital markets and insurance sectors in IFSC are regulated by multiple regulators—the RBI, SEBI, IRDAI

Union Cabinet to consider relaxing FDI norms in single brand retail, digital media today

FDI helps in improving the country's balance of payments situation and strengthen the rupee value against other global currencies, especially the US dollar.

Online hiring activity up 9% in July; auto, real estate, construction and BFSI continue to lead the growth: Report

Online hiring activity saw 9 percent jump in July primarily driven by banking, insurance sector and going forward, employers are expected to be "cautiously optimistic"

Ex-bureaucrat Subhash Chandra Khuntia to head insurance regulator IRDAI for three-years, succeeds TS Vijayan

Former IAS officer Subhash Chandra Khuntia was on Tuesday appointed as the new Chairman of Insurance Regulatory Development Authority of India (IRDAI)

FDI policy 2018: Another opportunity for Narendra Modi govt to push out pro-investment reforms

FDI in India is expected to grow significantly following the implementation of recent government initiatives, including GST, IBC, demonetisation, and other ease of doing business reforms

Microinsurance: How an asset-light, pay-per-use model is attracting new segment of customers

Unlike generic products, ‘microinsurance’ brings down the cost for consumers by putting in innovative constraints on ‘coverage’, ‘time’ or usage.

Oracle Business Apps Penetrate Indian Insurance Sector

Oracle India has announced that it is witnessing strong momentum in the insurance sector in India.