A man in Rajasthan was detained by police for allegedly posting a video threatening to shoot Congress leader Rahul Gandhi and 25 other MPs. The man identified himself as a spokesperson for the Karni Sena, though both the BJP and Karni Sena have denied any association with him.
Before heading abroad, ensure your travel insurance policy offers all essential coverage and has an adequate sum insured.
Purchase health insurance at an early age, before you incur a disease, as this makes access to health insurance difficult and raises the premium significantly.
The average ticket size of retail health insurance in India has increased by nearly 48 per cent over 6 years due to elevated medical inflation and increased demand for higher coverage policies among policyholders. According to data by online insurance broker PolicyBazaar, the average ticket size of retail health insurance in India has increased to Rs 26,533 so far in FY24, up 48.22 per cent from Rs 17,900 in FY19.
The regulatory changes brought in by the insurance regulator and the amendments proposed to the Insurance Act by the Centre may herald a new dawn for the sector in India. This may result in insurers bringing out more consumer-led products, top honchos of general insurance companies of the country concurred at the Business Standard BFSI Insight Summit 2022.
Ahead of the Union Budget 2023, insurers are hoping that the Centre will act on their recommendations, which includes increasing the limit for tax deduction under 80D of the Income Tax Act. Also among them are issuance of long-term bonds, tax incentives for home insurance premiums, and a separate section to claim deduction for term-insurance premium, among others. These suggestions would help improve the penetration of insurance in the country.
2.75 million of the 3 million Covid-related health claims were settled.
Rakesh Jain (name changed), an IT sector employee who was laid off by his employer has started his own freelance work and is earning the same amount as he did in his last job.
Personal accident cover should be purchased by everyone, irrespective of age, occupation or health condition, as one does not know when an accident could occur, causing hardship to the family.
An application has been filed by advocates Shiv Kumar Tripathi and CS Panda in the suo motu case registered on a letter petition sought setting aside of the order dated February 10 of the Lucknow bench of the Allahabad high court.
Insurance companies are seeking a separate deduction limit of Rs 1 lakh for insurance premium payment under Section 80C of the Income Tax Act in the upcoming Union Budget to bring in more people under the ambit of insurance. The insurers also want reduction in the goods and services tax (GST) rate of 18 per cent currently applied on health insurance products to 5 per cent to make such products more affordable to common people. Finance Minister Nirmala Sitharaman will present the Union Budget for 2022-23 on February 1.
The Bharatiya Janata Party on Friday announced its 15-member election committee headed by Uttar Pradesh party unit chief Surya Pratap Shahi for the assembly polls scheduled to be held next year. The committee has five former state unit presidents including Kalraj Misra, Vinay Katiyar, Kesari Nath Tripathi, Om Prakash Singh and Ramapati Ram Tripathi, Shahi told reporters.
Get your lowdown on what's happening in the world of Kannada cinema, right here.
How a young civil engineer's dreams came crashing down when his employer asked him to leave because of his ill health.
Reader Rakesh Jain caught up with Priyanka Chopra in London.
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
Hindustan Oil Exploration Company on Friday said it was in talks with British oil and gas major BG Group for buying its 62.64 per cent stake in Gujarat offshore block CB-OS/1, senior company official said in New Delhi.
All covers have a war exclusion clause. For cargo, shipping, and aviation industries, war schemes are available.
Advait Rao Palepu reports how a recent Supreme Court order will impact motor vehicles insurance policies.
Parts of electric cars are costlier and repairing often means replacing an entire system, which drives insurance premium rates up.
India has 26 public sector banks, 22 private sector banks and 56 regional rural banks.
The rupee, which has depreciated about 23 per cent since May, has increased the loss ratios for the travel insurance segment.
Instead of enhancing the sum insured of your basic policy, a more cost-effective option is buying a super top-up policy.
You will lose out on discounts and have to pay a higher premium.
FM proposed rationalisation of various tax exemptions.
In the long run, the decision could bring clearer rules to a sector that has failed to provide India with enough power because it has been so hamstrung by confusion and scandals over concessions allegedly handed to government cronies.
Cyber crimes caused by the insured's employees also get covered under the policy but would exclude the actual perpetrator.
These plans aren't likely to put substantial cash in your hands.
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.