Following are comments from economists at leading financial institutions, banks and rating agencies on the interim Budget:
La Liga leaders Real Madrid cruised to a 4-0 home win over relegation-threatened Celta Vigo on Sunday to restore their seven-point lead at the top of the table with a dominant display.
The share of Life Insurance Corporation of India (LIC) in monthly new business premium (NBP) in the life insurance sector declined to 58.50 per cent in September 2023 from 68.25 per cent in September 2022 -- a drop of 975 basis points -- owing to shortcomings in the product and distribution side of business. However, the market share saw a marginal uptick from the 57.37 per cent recorded in August this year. According to the monthly business data released for September 2023 by the Life Insurance Council, the NBP of LIC up to September 2023 stood at Rs 92,462.62 crore as compared to about Rs 1.25 trillion in the same period a year ago.
IMAGES from Serie A matches played on Saturday.
High-value insurance policies experienced muted growth in the first six months of the current financial year after the Centre decided to tax such products in this year's Budget. Simultaneously, there has been a marked improvement in the growth of policies with premiums of 'less than Rs 5 lakh', mainly originating from smaller cities. During this year's Budget, Finance Minister Nirmala Sitharaman proposed that insurance policies (excluding unit linked insurance plans or ULIPs) with an aggregate premium exceeding Rs 5 lakh, and the maturity amount, would not be exempt from tax.
Cyber insurance policies cover ransomware attacks and the ensuing damages, including ransom payments, data restoration costs, forensic and other first-party costs, and loss of profit due to business interruption.
Photos from soccer matches played across top European Leagues on Saturday.
'Check every SMS you get. Many people ignore them.' 'Remember if there is an activity in your account, your financial institution will send you an SMS, not a WhatsApp message.'
Group term insurance is far more cost-effective than an individual cover.
The mutual fund (MF) industry has seen a fair number of new entrants in the last 10 years but none of them have proved to be much of a challenge for the larger players. The list of top 20 fund houses, which manage over 90 per cent of the industry's total assets, continues to be dominated by players who have been in the business for more than a decade. Bajaj Finserv MF may change that, say experts.
In a memorable year for the equity market, Dalal Street investors added a whopping Rs 81.90 lakh crore to their wealth in 2023 as a raft of positive factors powered a stellar rally in stocks. Experts said India's strong macroeconomic fundamentals, political stability owing to the BJP's success in recent elections in three significant states, optimistic corporate earnings outlook, signals from the US Federal Reserve about three prospective rate cuts next year and heavy retail investors participation played a major role in fuelling the stock market rally in 2023. In the year 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent.
If your flight is cancelled or delayed or you miss one, a travel insurance policy can cover the costs at such times and help you book a new one.
General insurance companies are likely to see a surge in demand for health insurance in the coming months due to falling air quality in the country. The health insurance segment has registered a strong growth after the pandemic due to higher awareness. In the first half of financial year 2023-24, the segment grew by 24.4 per cent to Rs 54,713.52 crore from Rs 43,981.54 crore in H1FY23, driving growth of the non-life insurance industry.
IMAGES from the soccer matches played across European leagues on Friday.
Erling Haaland set another scoring record as Manchester City beat Bayern Munich
The 2024 European Championship will be held in Germany from June 14-July 14. Following are the teams who have qualified for the tournament:
Rodrygo and new recruit Jude Bellingham scored first-half goals to give Real Madrid a 2-0 win at Athletic Bilbao to kick off their LaLiga season.
Lens falter in title race after draw at Nice, Marseille hit six
Images from the Europa League semi-final first leg matches on Thursday.
'If something unfortunate happens to an earning member, the family loses the crucial income which would have gone towards paying off debts, meeting the cost of children's higher education, or towards the upkeep of elderly parents.'
IMAGES from the football matches played across Europe on Sunday.
Over 2,471 people joined Anil Kapoor to create a new Guinness World Record by holding the abdominal plank position for 60 seconds.
'Even where we are now today, the growth rates are very good, but we need to get to 8-9 per cent growth in the years to come.'
A summary of the UEFA Champions League Group Stage action, on Wednesday.
Army chief visits LoC. VP meets his successor. PM meets baddy legend. Kapil Dev breaks another record. CWG Champs come home...It's all about People, folks!
Only a small percentage of passengers who traveled on the trains involved in the June 2, 2023 accident in Odisha had availed of travel accident insurance while booking their tickets online on the IRCTC portal.
'Indian equity valuations, although not very expensive, are not cheap either.'
'This protest was never intended to disrupt the game or injure people.'
Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health and auto insurance related queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
When Life Insurance Corporation (LIC) of India gets listed on the bourses next month, it will be among the biggest listed life insurers globally in terms of market capitalisation (m-cap), assets, and revenue, but will also be among the least profitable and capitalised among its peer group. A big gap between LIC's m-cap, profits, and networth (shareholder capital) will make it one of the priciest insurers globally, in terms of price-to-earnings (P/E) multiple and price-to-book value (P/B) ratio. LIC also lags behind its Indian listed peers in terms of profit and networth.
Fans carried rainbow flags to show their support for LGBTQ rights.
In order for life insurance customers to attain maximum benefits, it is crucial for the persistency ratio to be far higher than its current level, top executives of the industry said at the Business Standard BFSI Insight Summit on Thursday. The persistency ratio is a metric that measures the number of policyholders who continue paying renewal premium and is gauged at varying stages in the life of a policy. A higher persistency ratio is seen as an indicator of an insurance product that caters satisfactorily to the needs of a customer.
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.
Barcelona wasted a golden opportunity to extend their lead at the top of LaLiga as they were shocked 1-0 at lowly Almeria on Sunday thanks to a first-half strike by El Bilal Toure.
Images from the Nations League matches played on Tuesday.
Bayern Munich stumbled to a 1-1 draw against visiting Eintracht Frankfurt on Saturday to leave them with only a slim Bundesliga lead after being held for the third game in a row with the same scoreline.
A late Leon Goretzka goal salvaged a 2-2 draw for Germany against Hungary on Wednesday night, in a whip-saw contest that sets the Germans up for a June 29 Round of 16 match against England at Wembley.
Barcelona winger Raphinha secured a 1-0 win in LaLiga for the second straight week this time at Athletic Bilbao as his side tightened their grip on top spot.
The two key moments happened within six seconds of each other early in the match played behind closed doors at the Allianz Stadium.
