Budget 2020:Govt may not provide any more tax incentives for the insurance industry

Indian News       Jan 26, 2020

  New Delhi: Even as the insurers have put forward their long Budget wish list ,the country's apex direct tax collecting body Central Board of Direct Taxation(CBDT) has informed the insurance industry not to expect any tax incetives for the industry in the fortncoming Budget- 2020...

Prashant Tripathy, Managing Director & CEO, Max Life Insurance

Budget 2020:Indian Life Insurance Industry  

Articles       Jan 24, 2020

  Today the country is looking for a growth oriented budget which could infuse larger positivity into the economy. This makes the Union Budget 2020 all the more critical. As Indian economy is staring at a lowest ever growth rate in over six years, the government...

-   Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance  

Budget 2020:Indian General Insurance Industry

Articles       Jan 23, 2020

  People usually have a perception that if they have kept their money in  a bank, it’s completely safe, which is really not the case. Hence, there is a need to increase the limit of bank deposit insurance which appropriately safeguards the account holders. Currently the...

India’s slowing economy to weigh on re/insurers, says Moody’s

Indian News       Jan 22, 2020

  Dubai: Moody's Investors Service  in a report has said that India's slowing economy will weigh on insurance premium growth over the next 2-3 years, although supportive measures put in place by the Insurance Regulatory and Development Authority of India (IRDAI) will help counterbalance the deteriorating...

Insurers want higher FDI and more tax incentives in the Budget 2020

Indian News       Jan 22, 2020

  Mumbai:  In a bid to facilitate higher and faster growth, the domestic insurance industry wants union finance minister Nirmala Sitharaman to provide more tax incentives and higher foreign direct investment(FDI) in the forthcoming Budget,to be presented by her  on Feb 1,for  the sector   ``We request...

Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance

``Industry should focus on product innovations, especially in the pension space''

Interviews       Jan 14, 2020

  Govt has formed a high level panel under IRDA chairman SC Khuntia to bring about wide ranging fresh set of reforms in the Indian insurance sector? What are you suggestions to the panel on reforms required for the Indian insurance industry? IRDAI is constantly bringing...

Ritu Nanda

Ritu Nanda passes away,holds a record for selling 17,000 LIC pension plans in a day

Indian News       Jan 14, 2020

  NEW DELHI : Late actor and director Raj Kapoor's daughter Ritu Nanda, who succumbed to cancer today, was one of the top insurance agents for the Life Insurance Corporation of India (LIC) for selling the most number of policies in a short span of time.  ...

M. R. Kumar, chairman,Life Insurance Corporation

Banks should sell life insurance products more aggressively:LIC chief

Indian News       Jan 10, 2020

  Pune: M. R. Kumar, chairman,Life Insurance Corporation(LIC), has suggested two keyways to increase the life insurance penetration in the country: first the banks need to sell aggressively to their existing customers and the insurance companies need to go extensively to recruit agents. ``As far as...

Scandal-hit Indonesian insurer, with $2B financial hole, could get government bailout

International News       Jan 10, 2020

  Jakarta: Policyholders at Indonesia’s state-owned PT Asuransi Jiwasraya are looking to the government to rescue the scandal-hit insurer, which has uncovered a $2 billion hole in its books.   The crisis affects 17,000 buyers of investment products and 7 million clients, and may pose systemic risks,...

AXA insurance launches first-in-market plan for Cancer survivors

International News       Jan 10, 2020

  Singapore: AXA Insurance has launched the first protection plan in Singapore specially designed for cancer survivors. With improvements in screening and treatment, survival rates for people with cancer have increased over the years in Singapore. However, many are left without insurance protection against possible relapse...

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