The merged entity will have a combined market share of 6.4 per cent in the non-life insurance industry with 308 branches in the country. The deal is subject to regulatory approvals and the entire process is expected to be completed in nine months.
Nearly three-fourths of the debt money, as of April 30, 2019, was invested in securities with duration of less than three years.
Irdai has listed diseases that can't be excluded from health insurance policies, including neurodevelopmental disorders, mental illness problems, psychological disorders, genetic diseases, puberty- and menopause-related disorders.
The new regulations will allow the insurers to charge an extra premium from policyholders who wish to buy riders with unit-linked insurance plans.
Market-linked products have been driving the growth of private insurers for some time now. But, the market volatility has forced the companies to re-think their strategies, reports Subrata Panda.
All covers have a war exclusion clause. For cargo, shipping, and aviation industries, war schemes are available.
Even the well heeled in metros find it difficult to go completely digital. Cash withdrawals from ATMs are back at the same level as they were before demonetisation
Bhargav Dasgupta, managing director and chief executive officer of ICICI Lombard, tells Subrata Panda, in an interview that the company has adequate capital for now and does not see a need for fresh infusion through markets over the next few years.
Central bank sees action as discriminatory, unfair
The bank's branch expansion and recruitment have been curtailed.
For banks to cut loan rates, the cost of deposits needs to come down, and there is no sign of that happening.
We need a change in mindset, says the RBI Governor.
HDFC Bank has ensured that no bank will be able to match them in the near future without bleeding on margins.
Instructions were issued on holding loan camps in the last week of September.
Apart from 40 modules of Harvard, SBI has internally developed 500 e-modules for employees.
The finance ministry has put out a revised draft in public domain.
The rally followed the govt's plan to bolster state-owned lenders.
SBI's gross NPA figures have shown a decline for three consecutive quarters.
Scanty rain would have put extra pressure on food prices.
Media has gone beyond its traditional boundaries.
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