Cost of the diagnostic test for Covid-19 has been fixed at Rs 4,500 per test by the government. Hospitals, however, do not think this is feasible.
Government is framing a rule that will make it compulsory for regulators like Sebi, Irdai and PFRDA to deposit a significant portion of their reserves into the Consolidated Fund of India.
General, life insurers with 8 & 10 yrs in biz, respectively, may have to list
Amendment to the Act, sovereign guarantees, investment portfolio, realty holdings, and governance issues to shape valuation.
The insurer plans to hire about 2,00,000 agents this financial year.
The amount for which free check-up is offered can be quite low, while in some policies it comes only after a considerable waiting period.
By April, operational guidelines for the scheme will be finalised and shared with states
'In FY21, as of October, LIC has booked a profit of Rs 18,800 crore through sale of equities.'
The devastation caused by the current deluge has damaged hundreds and thousands of homes and vehicles.
Foreign reinsurance companies are now allowed to do business in India.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
In January 2017, the growth in total premium was Rs 13,138 crore, against Rs 10,284 crore in January 2016, a growth of 28 per cent.
Agents often influence customers into buying new products every year instead of continuing with their existing policies
The first step that has been taken by IIB is to bring out unique identity numbers for hospitals.
Analysts say strengthening bank's capital will boost earnings, bank needs chief with long stint to run show
'The government wants foreign companies to capture the insurance market.'
Allowing it to lapse leaves you unprotected and can, in some cases, cause loss of premiums paid, experts tell Sanjay Kumar Singh.
The GIFT City management is in talks with Hong Kong, London, and Singapore arbitration centres
The failed deals could be the much-needed wake-up call for the M&A space.
Moving from pricing control to a free market means stiff competition.
These changes will entail a relook at the various laws governing banks in the country - the two Bank Nationalisation Acts (passed in 1970 and 1980); the State Bank of India (SBI) Act of 1955; and the Companies Act of 2013.
After the Delhi high court's ruling, blanket exclusion of genetic disorders from coverage is likely to become a thing of the past.
Moving to a new company means losing out on continuity benefits
Section 45, which says no claim can be rejected after three years of a policy being in force, remains a bone of contention
Cost is not the only factor that one should look at. It's best to keep investment and insurance apart
You can exit Ulips after five years.
Intermediaries, TPAs will also benefit, but investments will be under 26% FDI cap
'We have already sanctioned loans worth over Rs 3,000 crore to around 120,000 customers.'
A customer can also appoint a surveyor on his own expense
Dahiya's first internet-based venture to sell insurance failed, but he was convinced digital was the future
The insurance sector is seeking clarity on the 'Indian management control' clause.
With at least three IPOs in the offing this year, stock market investors have a lot to look forward to.
The GST to be implemented from April 1, 2016, will increase the premiums.
It will bring in more transparency and reduce mis-selling
Fraudulent emails exhorting people to deposit cash for reward are on the rise.
Life insurers are launching these again. Invest if you are conservative.
Experts suggest that it's best to go for the bundled product that has only one-year own damage cover.
While insurance companies are yet to finalise the premiums, there are chances that group health premiums could see an increase.
Health insurance has almost 23 per cent market share in the general insurance space.
Finance ministry asks bank, insurance & market regulators to issue notifications
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