Staying healthy is good news for the insurance company as well since it implies lower claims. Insurance companies offer discounts anywhere between 8 And 30 per cent discount on premium.
The proposal for listing public general insurers had come up in 2007.
While there's tax arbitrage advantage in ULIPs now, experts say investors should prefer mutual funds for long-term savings.
Indian regulators have identified certain groups as 'financial conglomerates' and they are being monitored closely for any systemic risks they may pose.
This gains importance in the backdrop of speculation on a second term for Raghuram Rajan.
Currently, the select committee is considering the Bill.
The Bill will come up for discussion in the upcoming winter session of the Parliament.
The regulator has made it mandatory for insurers to have a minimum percentage of motor third-party business underwritten.
As a result of the mass state-led scheme, the processes in the health insurance market could get simplified over time and become uniform
Sebi has pushed for better corporate governance of listed companies through measures such as the need for a succession policy
To curb mis-selling of policies and rationalise commissions, radical changes have been proposed to help investors.
Online policies are cheap because there is no agent's fee involved, other administrative costs of the insurance company are lower and, most importantly, these use the latest statistics for calculating premia.
Whether this happens because DGCA actually cares about the future of the national carrier or for other motives is not clear.
Merging tribunals may lead to administrative convenience, but pendency of cases is likely to increase
The issue is likely to be discussed on Thursday at a meeting of Sebi's board, which would also be apprised of the impact of the Finance Ministry's decision for not agreeing to such a proposal from the capital markets regulator, sources said.
'Mr Modi has inherited a system that taxes businessmen and fritters the money away over ministries.'
Better stick to equity diversified funds, says Larisssa Fernand
Lenders are not enthused because, as brokers, their responsibility towards policyholders will be higher than corporate agents.
The Insurance penetration in India is very low at 3.9 per cent.
2015 is set for a lot of changes - and some that we would like to happen
Aslam Hunani presents some of the frequently asked questions about health insurance in India.
Before considering reducing the freedom of private investors in the derivatives market, we need to check if the maladies in markets elsewhere exist in India, says Susan Thomas.
Rose Valley is one of the biggest money businesses after Sahara.
Choose insurance from stable companies that have been in the business for a long time
Inflow of more funds is likely to widen the reach of insurance and drive M&A activities in the sector where growth has stalled.
Fund managers weren't too worried in 2014, as it was a year of positive surprises.
LIC is on board after tying up with all five insurance repositories; 1,50,000 e-Insurance Accounts opened across India till date.
Insurance company will bear the cost of digitising. It will in turn benefit from lower expenses on servicing policies.
The sector faces many challenges and calls for prompt corrective action.
The CBI is probing whether the former IRDA chief J Hari Narayan had misused his discretionary powers to favour Reliance General Insurance Company, which has admitted that the extra amount collected by it way of premium was not Rs 1.07 crore, as originally believed, but 20 times as much, report Paranjoy Guha Thakurta and Pranati B Mehra.
'The biggest gainers under this scheme would be insurance companies.' 'If the government is going to route the payments through the insurance companies, these companies will be making nearly 30 per cent of the money.' 'For instance, if the government is paying Rs 100, then Rs 30 will go to these insurance companies.' 'Only Rs 70 will be available for expenditure that will be incurred by the hospitals.'
Much of the tardy reaction to competition is the result of LIC's legacy.
There are few lapses in the healthy insurance proposals.
The online world is driven by convenience, simplicity and speed.
Penalty for unapproved policy changes allegedly reduced from Rs 17,500 crore to Rs 20 lakh
Penalty for unapproved policy changes allegedly reduced from Rs 17,500 crore to Rs 20 lakh
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