Page 28 - Insurance

Irdai wants life insurance firms to eye 50% premium growth in 5 years

Irdai extended the "use & file" procedure to most life insurance products, barring individual savings, individual pensions, and annuity products

Irdai says no decision on mandatory disclosure of insurance commissions

Irdai said it regulator intends to hold discussions on the matter before a decision

It's prudent to file nil ITR even if your income is below Rs 2.5 lakh

Filing income tax return will prove handy while applying for a loan, insurance cover, or a visa

Buy a health policy that covers treatment at home and pays for consumables

Go for cashless treatment where available, as the reimbursement route is more burdensome

SBI renews MoU with Indian Air Force for defence salary package

Under this scheme, it will offer various benefits and features to all serving and retired Air Force personnel and their families.

Insurer to pay for closure to avert risk from rioting

In July 2008, there was a huge agitation against the government's move to acquire land belonging to the Amarnath Shrine Board

Global BPM player WNS acquires enterprise automation firm Vuram for $165 mn

Founded in 2011, Vuram has 900 employees at various locations in India, US, Mexico, Australia, Canada, and UK

Online players, agents may have to disclose insurance commission

IRDAI is considering a proposal that seeks to have a single limit for expenses made by insurance companies

Tatas exit race to buy Reliance Capital's general insurance arm

Group only interested in general insurance, but lenders want firms to bid for entire cluster of companies

Your life insurer may soon be able to offer a health insurance policy too

The move is likely to reduce premiums of policies and boost access to affordable health cover

Irdai mulls linking insurance frauds with individuals' credit score

Believed to be a good deterrent as low score can deprive access to services

Beyond the dotted line: Sign insurance proposal form after a careful read

A client, and not the insurance agent, has to ultimately bear the consequences of not revealing critical information.

In the works at IRDAI: Making Indian insurance firms less risk-averse

The regulator hints at relaxing the FDI cap still further but it is unclear yet whether doing so would spread insurance to the bottom of the pyramid

PhonePe sells over 1 mn two wheeler insurance policies on its platform

Sees over 75% of overall insurance purchases from tier 2 & 3 cities

Insurance market in India to grow rapidly, reach $222 bn by FY26: Report

According to homegrown firm Redseer, new online distribution models like business to consumer (B2C), business to business (B2B) and business to business to consumer (B2B2C) are key drivers of growth

InsurTech models to help Indian insurance mkt hit $222 bn by FY26: Redseer

New online distribution models such as B2C, B2B and B2B2C are key drivers of growth, with B2C in particular, gaining significant opportunities.

European Union to ban insurance for tankers that carry Russian oil

Ship insurance companies not only cover the physical damage to the hull and machinery of the vessel but also provide protection and indemnity (P&I) against third-party liability

After market's fall from peak, it's time to review your portfolio: Experts

With interest rates on home loans on the upswing, plan for prepayments

EU may introduce insurance ban for ships carrying Russian oil: Ukraine

This ban is one of the most serious financial instruments of the EU's influence that the bloc has at its disposal to harm the Russian economy, Andriy Yermak, Head of Office of the Ukraine Prez said

Irdai fines Deinon Risk Rs 10 lakh for acting as insurance intermediary

The firm did not have a valid registration with the insurance regulator