The buyout will cost LIC about Rs 100 billion, based on the Rs 248 billion market capitalisation of IDBI Bank as on Friday, and assuming it acquires a 40 per cent equity stake from the government.
Market-linked products have been driving the growth of private insurers for some time now. But, the market volatility has forced the companies to re-think their strategies, reports Subrata Panda.
All costs relating to room, boarding, nursing expenses, medical consultation including telemedicine, consumables such as PPE kits and intensive care unit will be covered under the policy. It will also include the cost of treatment for any other co-morbidities, including pre-existing comorbid conditions along with the treatment for Covid-19.
'We tightened our risk frameworks once the Covid crisis started.' 'We are slowly lightening this as we see economic activity pick up, salaries getting restored, and people getting back into jobs.'
To plug claims mismanagement, the Insurance Regulatory and Development Authority of India (Irdai) is bringing reforms in the mediclaim segment.
'Online aggregators offer discounts of 70% to 75%.' 'At a car dealership, the discount is usually in the range of 30% to 35%.'
The next step for the Life Insurance Corporation of India is to approach market regulator Sebi, as the bank, which is also state-owned, is a listed entity.
Five key capital market announcements from the previous Budget.
The 21st meeting of FSDC comes against the backdrop of the economy hitting a six-year low growth rate of 5 per cent in the first quarter of 2019-20. Even some of the macroeconomic data for the second quarter does not portray an encouraging picture of the economy.
The online channel has only been successful in making inroads in metro cities.
Dilip Kumar Jha explains what the buyers must do to protect their own interest.
According to preliminary information memorandum, Air India's new owner will be asked to list the company in some time
Gill, who studied at Modern School and Hindu College in Delhi, joined Deutsche Bank in 1991 and became its India CEO in 2012.
'If anybody defaults on something which is due for today, they have to disclose it tomorrow.' 'The accumulation of NPAs is due to asymmetry in information.' 'The investor should have real-time information.'
While there's tax arbitrage advantage in ULIPs now, experts say investors should prefer mutual funds for long-term savings.
It is important to look at factors like claim settlement ratios, persistency ratios, the extent of premium increase with age, insurer's reputation, etc, says Vaidyanathan Ramani.
Priyadarshini Maji evaluates the impact that payment banks are likely to have on your financial life.
The pool was formed by non-life insurance cos in India in Apr '02.
The devastation caused by the current deluge has damaged hundreds and thousands of homes and vehicles.
Insurance sector to get lot of foreign investment: Jaitley.
The insurance sector is going to get a big boost.
'When users sign up for free apps and services, they are giving up data. They fail to realise the impact of their data in the public domain, which is something that corporations have been monetising on for some time now.'
The amount for which free check-up is offered can be quite low, while in some policies it comes only after a considerable waiting period.
By April, operational guidelines for the scheme will be finalised and shared with states
Agents often influence customers into buying new products every year instead of continuing with their existing policies
Analysts say strengthening bank's capital will boost earnings, bank needs chief with long stint to run show
The failed deals could be the much-needed wake-up call for the M&A space.
There are few lapses in the healthy insurance proposals.
Compared to a third party insurance buying comprehensive insurance makes more sense, says Neeraj Gupta
You must have heard about the term IDV from your insurance agent or you may have read it in your vehicle insurance policy. But do you know what actually IDV is?
You can exit Ulips after five years.
Our focus around technology, cost efficiency, persistency and effective distribution channel will continue, says the ICICI Bank MD and CEO.
'Mr Modi has inherited a system that taxes businessmen and fritters the money away over ministries.'
Experts suggest that it's best to go for the bundled product that has only one-year own damage cover.
The GIFT City management is in talks with Hong Kong, London, and Singapore arbitration centres
Foreign reinsurance companies are now allowed to do business in India.
While buying health policies, customers should reveal any pre-existing diseases. This is the only way to ensure that the insurer does not reject claims.
Rose Valley is one of the biggest money businesses after Sahara.
The abolition of wealth tax is again a welcome step.
When compared to a one-year insurance, here's why it makes sense to buy a three-year policy
