The government on Monday budgeted Rs 1.75 lakh crore from stake sale in public sector companies and financial institutions, including 2 PSU banks and one general insurance company, in the next fiscal year beginning April 1. The amount is lower than the record Rs 2.10 lakh crore which was budgeted to be raised from CPSE disinvestment in the current fiscal year. However, the COVID-19 pandemic impacted the government's CPSE stake sale programme, and the target has been lowered to Rs 32,000 crore in the Revised Estimates.
Roopam Asthana, CEO and whole time director, Liberty General Insurance, answers readers health insurance queries.
Most popular mandal in Mumbai, Lalbaugcha Raja, takes Rs 51 crore cover.
Don't panic if your car is stolen because your insurer is liable to pay the full amount as compensation, but you need to keep in mind that your claim should be genuine because most of the insurers try to avoid such claims, says Harjot Singh Narula
Life insurance companies reported a 17 per cent year-on-year (YoY) drop in new business premium (NBP) in February as state-owned Life Insurance Corporation of India's premiums contracted 32 per cent during this period on account of a drop in its group single premium segment. According to data released by the Life Insurance Council, the industry earned an NBP of Rs 22,847.65 crore in February - a drop of 17 per cent from the same period a year ago.
A fresh US executive order (EO) which seeks to bring down prices of prescription drugs in the country by up to 90 per cent -- on par with other developed nations -- will affect innovator companies, while sparing the Indian generic drug makers in the short term. US President Donald Trump signed the EO on Monday, directing the US Trade Representative and the Secretary of Commerce to act against foreign countries that "purposefully and unfairly undercut market prices", driving price hikes in the US.
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.
Insurers cover the house on market value, and not on construction cost. They also don't insist on bills when giving the policy
Fuelled by the $57.8-billion merger of HDFC twins (HDFC Ltd and HDFC Bank), M&A (merger and acquisition) transactions in India touched a record high of $124.2 billion in the first half of 2022-23. Bankers said with several transactions, including the government's stake sale in IDBI Bank and Hindustan Zinc in the pipeline, the ongoing financial year will end up as the best year for M&A activity in the country. Apart from the HDFC transaction, the $6.5-billion acquisition of Holcim stake by the Adani family and L&T's $3.2-billion acquisition of Mindtree added to the record transactions in the first half of FY23.
Section 45, which says no claim can be rejected after three years of a policy being in force, remains a bone of contention
The Insurance penetration in India is very low at 3.9 per cent.
The regulator has put a cap on the business a bank can get from a single insurer.
A day after Manmohan Singh won the trust vote, sans Left support, rating agencies Moody's Investor Services and Icra said the insurance sector will get a huge boost if the government paves the way for greater foreign participation in Indian companies.
Did you know that annual premium-paying option is cheaper than a monthly premium paying option?
'Online aggregators offer discounts of 70% to 75%.' 'At a car dealership, the discount is usually in the range of 30% to 35%.'
Insurer divides country into three zones with varying premiums.
Shopping for insurance online is the way to go, especially if you need general insurance. Here you can compare various deals in the market to choose the one best suited to you.
Buying an auto insurance cover? Beware of these myths
'I have no idea about such a medal. Never got one,' says Surya Shekhar Ganguly, the national chess champion between 2003 and 2008.
The devastation caused by the current deluge has damaged hundreds and thousands of homes and vehicles.
After all, when you are studying, it is better if all you have to worry about are your grades.
'When you have the best market at your doorstep, international diversification is a distraction.'
Paytm, the country's leading fintech player which had to shut its payment bank business following regulatory action, is revisiting its business strategy including partnership with lenders. Also, the company's founder and chief executive officer (CEO) Vijay Shekhar Sharma has decided to oversee the day-to-day operations with all the major verticals reporting directly to him now. "The thing on top of everyone's agenda is getting the core businesses back on track," a person in the know said.
Health insurance has almost 23 per cent market share in the general insurance space.
New Irda rules open the way, with 5 entities getting okay to set up as repositories; firms preparing structures for switch
When Taragauri Doshi's husband died, an assessing officer wanted to tax the proceeds from a life insurance policy that had been bought abroad. Homi Mistry, Mousami Nagarsenkar & Hiral Tanna explain why such proceeds are not taxable in India.
There are few lapses in the healthy insurance proposals.
You will lose out on discounts and have to pay a higher premium.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Leading public sector general insurers have mooted the idea for a regulator to standardise the costs of medical treatment across the country.
'It is difficult to write business internationally, without an 'A-' rating. It becomes more expensive.'
Under the scheme, which seeks to open 75 million accounts by January 26, 2015, an accident insurance cover of Rs 100,000 is provided with every RuPay debit card offered by the National Payments Corporation of India.
The interplay between domestic and foreign capital will shape India's equity markets.
World's largest insurer AXA on Wednesday tied up with India's leading telecom company Bharti Enterprises for entering the life insurance business in India.
These schemes came into force from June 1.
The GST to be implemented from April 1, 2016, will increase the premiums.
