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LIC's shareholders, customers have no need to worry about its Adani exposure
Sat, Feb 04, 2023     Source : Economic Times
Shareholders and customers of state-run Life Insurance Corp (LIC) should not be concerned about its exposure to Adani group, as the insurer is a diversified long-term investor in the market, a top governme...
INSURANCE NEWS
Life insurers to see drop in high-ticket non-par product sales
Fri, Feb 03, 2023     Source : Financial Express
According to them, the introduction of the new taxation is aimed at disincentivising insurance purchase motivated by tax exemptions
INSURANCE NEWS
Life insurers to approach FinMin seeking clarity on Budget tax announcement
Fri, Feb 03, 2023     Source : Business Line
The Budget had proposed limiting tax exemption from proceeds of insurance policies with very high value
INSURANCE NEWS
Tax exemption removal may reduce life insurers’ wallet share in HNI segment
Fri, Feb 03, 2023     Source : Mint
Removal of tax exemptions on all life insurance policies, other than Ulips, as proposed in the Union Budget for 2023-24, presented by finance minister Nirmala Sitharaman on Wednesday, has left the insuranc...
INSURANCE NEWS
Insurers may seek tweak in plan to end sops
Fri, Feb 03, 2023     Source : Economic Times
Life insurance companies, which garner premiums that often fund long-gestation infrastructure projects, are likely to approach the Centre seeking some tweaks to the budget announcement that scrapped tax be...
INSURANCE NEWS
Life insurers stare at 10-12 pc hit on top-line as Budget proposes tax on higher premium products
Thu, Feb 02, 2023     Source : Economic Times
The Budget has left the life insurance industry a worried lot with the new tax proposal on higher premium annuity products
INSURANCE NEWS
Tax incentives to relaxation of regulations, here’s what insurance industry expects from Budget 2023
Wed, Feb 01, 2023     Source : Financial Express
To accelerate the growth in the industry and increase its penetration levels, the insurance industry is looking for further incentives and reforms in the upcoming Union Budget 2023.
INSURANCE NEWS
Private equity taps insurers’ cash to speed up growth
Wed, Feb 01, 2023     Source : Mint
Investment firms that play on the cutting edge of finance are turning to one of the oldest businesses on Wall Street to turbocharge their growth: Insurance.
INSURANCE NEWS
LIC has no plans currently to bid for more in Adani share sale: Report
Tue, Jan 31, 2023     Source : Economic Times
India's state-backed Life Insurance Corp (LIC) has no current plans to bid in the ongoing $2.5 billion secondary share sale of Adani Enterprises, a source with direct knowledge of the matter told Reuters o...
INSURANCE NEWS
Climate change and changing insurance needs
Mon, Jan 30, 2023     Source : Mint
The land subsidence at Joshimath has suddenly become the epicentre of climate change discussions.
INSURANCE NEWS
Insurance body GIC opposes govt nominee in life and non-life councils
Sat, Jan 28, 2023     Source : Business Standard
Says both umbrella bodies are self-regulated and don't depend on funds from finance ministry; govt nominees may hamper their autonomy
INSURANCE NEWS
RenewBuy launches customized health insurance plan
Sat, Jan 28, 2023     Source : Mint
RenewBuy has launched its first line of customized health insurance product, RenewBuy Health Wellness plan with a focus on the large uninsured segment beyond the tier 1 markets
INSURANCE NEWS
Will new KYC norms impact motor insurance?
Sat, Jan 28, 2023     Source : Financial Express
From January 1, it’s mandatory for insurance companies to collect KYC documents from customers.
INSURANCE NEWS
Latest life insurance claim settlement ratios of insurance companies in India
Sat, Jan 28, 2023     Source : Economic Times
As the main motto of buying a life insurance policy is to secure dependent family members in case of a policyholder's unfortunate death, the claim settlement ratio plays an important role when choosing the...
INSURANCE NEWS
Insurance Bill may not be introduced in budget session
Fri, Jan 27, 2023     Source : Economic Times
The government is likely to put on hold the Insurance Laws (Amendment) Bill, 2022, following demands from the industry for major changes, including dropping the composite licence provision, which allows in...
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