New business premium (NBP) growth of life insurers in March is expected to be weak owing to the high base effect in the year-ago period due to revision in taxation norms for high-value policies, insurers said. In the Budget, Finance Minister Nirmala Sitharaman proposed that insurance policies (excluding unit-linked insurance plans or Ulips) with an aggregate premium exceeding Rs 5 lakh would be taxed. This rule came into effect on April 1, 2023. In March 2023, the NBP of life insurance companies witnessed a strong growth after the tax announcement. Premiums rose by 14.45 per cent year-on-year (Y-o-Y) to Rs 59,608.83 crore in March 2023 from Rs 52,081.12 crore.
The unclaimed funds within the life insurance sector are higher from policies sold by agents as against other channels like bancassurance or a digital platform, said analysts and officials from insurance companies. Unclaimed life insurance funds refer to the proceeds of insurance policies including death or survival benefits not claimed by the beneficiary or the policyholder. Bancassurance means selling an insurance product through banks.
'We want to send Indians on the moon and create history, but we don't want to accept the reality that is happening on earth.'
Film and telly folk attended the 29th Lions Gold Awards, which honoured extraordinary achievements in film, television, OTT, music and social welfare commitment.
'My mother (Yogita Bali) tells me you were camera ready as soon as you came out of my womb.'
Trinamool Congress MP Mahua Moitra, currently facing recommendations for expulsion from the Lok Sabha in a cash-for-query row, was tasked with strengthening the party's organisation in West Bengal's Nadia district ahead of the 2024 general elections, in a clear message of support from the TMC.
Subhash K Jha celebrates the Ram Mandir pran pratishtha ceremony by picking some memorable Ram bhajans from movies you may not have heard of.
A ticket for the marquee World Cup semi-final match at Eden Gardens will cost a minimum Rs 900, the Cricket Association of Bengal (CAB) said on Monday.
"If you feel something is right, go for it," says Anamika who also found her match on a dating app.
West Bengal Chief Minister Mamata Banerjee on Monday said that the Bharatiya Janata Party might conduct the Lok Sabha polls in December itself, claiming that all choppers have been booked by the saffron party for campaigning.
It was learnt that once Kishan conveyed his decision, Tripura selector Jayanta Dey wanted Wriddhiman Saha and he was also contacted.
Maintaining that the INDIA alliance is for the 2024 Lok Sabha elections and not for assembly polls in any state, the Congress on Friday asserted that the opposition bloc of 27 parties exists and will fight together.
'One Sandeshkhali won't turn around women's perception of Mamata Banerjee in this state'
The 69th Filmfare Awards, held in Gandhinagar, Gujarat on Sunday, saw cute moments on stage and on the red carpet.
Babun Banerjee expressed displeasure over the party re-nominating Prasun Banerjee from Howrah Lok Sabha seat in West Bengal.
Leading scientists and experts said this monumental accomplishment not only marks India's indelible imprint on lunar exploration but also demonstrates the prowess of human collaboration, determination, and cutting-edge technology.
The meteoric rise of Shajahan Sheikh from a modest background of a helper in a local transport company to becoming the so-called 'tiger' of Sandeshkhali is what Bollywood film scripts are made of. And so does his fall.
'Given that the situation is quickly escalating, such attacks will affect the flow of crude in the short term from West Asia' Subhayan Chakraborty and Dhruvaksh Saha report.
The opposition Left and the Congress will not participate in the oath-taking ceremony to protest against post-poll violence in the northeastern state.
Shiv Sena (UBT) MLA Aaditya Thackeray has moved the Bombay high court seeking to be heard before any order is passed in a public interest litigation demanding a CBI probe in connection with the deaths of actor Sushant Singh Rajput and his former manager Disha Salian.
'The music was so good that I felt that it would be a great way to bring it back to life.'
Mamata Shankar remembers the amazing actor Sreela Majumdar, who passed into the ages last week.
Sixty-eight Rajya Sabha members, including nine Union ministers, are completing their tenure this year, triggering a race of sorts among leaders across political parties to eye a six-year term in the Upper House of Parliament.
The CBI registered an FIR against NewsClick and its founder Prabir Purkayastha for alleged violation of the Foreign Contribution (Regulation) Act and carried out searches at the office and residence of the portal's founder on Wednesday, officials said.
The Delhi police special cell has questioned about 25 journalists and contributors of NewsClick for a second time in connection with a UAPA case registered against the online news portal for allegedly peddling "anti-national" agenda in the country, sources said on Monday.
As more companies ask their employees to return to office after the pandemic, the share of women employed in regular salaried jobs in urban India decreased from 54 per cent in the first quarter to 52.8 per cent in the second quarter of the current financial year, according to the quarterly Periodic Labour Force Survey (PLFS) data. The slump in the share is the lowest in wage employment in any quarter in the last six years when the National Statistical Office started releasing the quarterly PLFS surveys in Q3 of FY19. The share of women in wage work was highest in Q1 of FY21 at 61.2 per cent.
'Padmini and I are very different people.' 'Our acting styles are very different. She's from a different era.'
Special public prosecutor Atul Sarpande said the prosecution maintained charges against all the accused as mentioned in the charge-sheet filed before the court.
HDFC Bank expects to amalgamate its home loan major parent HDFC into itself by September next year, a top official said on Friday. Both HDFC and HDFC Bank held general meetings on Friday to seek shareholder approvals for what is billed as the largest merger in Indian corporate history at over $40 billion. At the time of announcing the merger on April 4 this year, the entities had said the merger will take 12-18 months.
The bypoll on September 5 is also a litmus test for all three political outfits, with the BJP hoping to check its erosion in its vote share and retain the seat, the TMC aiming to wrest the tribal-dominated assembly segment and the CPI(M)-Congress alliance hoping to regain its traditional seat.
Nawazuddin Siddiqui is not romcom material, notes Deepa Gahlot.
Rattled by a series of demonstrations outside the state party headquarters in Kolkata, West Bengal Bharatiya Janata Party president Sukanta Majumdar Friday issued a stern warning saying that disciplinary actions will be taken against dissenting party members.
The rear windscreen of a car carrying Rahul Gandhi was damaged during the ongoing 'Bharat Jodo Nyay Yatra', with West Bengal unit president Adhir Ranjan Chowdhury alleging that the vehicle was "pelted with stones" in Malda district, while Chief Minister Mamata Banerjee claimed the incident took place in adjoining Bihar.
The celebs who graced the front rows at Manish Malhotra's latest collection launch.
Kajol, Rani Mukerji, Tanishaa Mukerji and others celebrated Vijayadashami with sindoor khela at the North Bombay Sarbojanin Durga Puja Samiti in Juhu, north west Mumbai.
Navigating a history of animosity and mistrust, negotiations for a potential Congress-Trinamool Congress alliance in West Bengal face significant challenges while addressing the shared adversary of the Bharatiya Janata Party, with the Bengal Congress unit appearing reluctant to engage in an electoral pact.
The Central anti-drug agency had filed the draft charges last month in the Special Narcotic Drugs and Psychotropic Substances Act Court against 35 accused, the details of which were made available on Tuesday.
While the country's unemployment rate is falling, the quality of employment seems to have taken a hit. The pace of formalisation slowed in the five months of the current financial year (April-August) with more than half a million fewer formal jobs created in the period compared to the same period last year, according to data from the Employees' Provident Fund Organisation (EPFO). The payroll data showed that cumulatively 4.92 million new subscribers joined the social security organisation between April-August this year, compared to 5.51 million subscribers in the same period in the previous year, reflecting a 10.7 per cent decline in the number of new payrolls created.
The Chehre actor was seen at a food donation drive for stray dogs in Mumbai.
NewsClick said that none of these investigations led to any chargesheets or complaints over the last three years."
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