In 2025, Indian firms may face higher premiums for fire and engineering insurance covers as reinsurers are likely to revise rates due to rising claims from catastrophic events and higher loss ratios, according to people in the know.
Prime Minister Narendra Modi and Chinese President Xi Jinping held bilateral talks focusing on economic ties and global stability amid trade tensions and the aftermath of the Ladakh border row.
'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.'
There are challenges galore before him, and it is not going to be easy. In the next four years, he has to conjure a system that changes the optics about him and the BJP both nationally and internationally so that he can ride back on his own, claim the top slot, and not have to lean on a coalition, asserts Ramesh Menon as Modi 3.0 completes a year in power.
This will help expand the distribution channels, said Subhash Chandra Khuntia, chairman of the insurance regulatory and development authority of India.
The Insurance penetration in India is very low at 3.9 per cent.
Irdai has proposed to increase the Motor Third Party premium rates for cars below 1000 cc to Rs 2,120 from the existing Rs 1,850 for the fiscal 2019-20.
There is discrimination against women in insurance cover. As a flood of insurance companies tap the capital markets with public issues, there is however, hardly any reference to this asymmetry. Subhomoy Bhattacharjee reports
With at least three IPOs in the offing this year, stock market investors have a lot to look forward to.
Neeraj Prakash, MD, Shriram General Insurance, explains how new measures proposed in the Motor Vehicles Act can smoothen the lives of the insured and insurer and how the government plans to make more vehicles owners buy insurance.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
One might wonder what's wrong if one were to get the best of both worlds by buying one product. There are basically two problems... cautions Rajiv Raj
'Why should we disclose classified information to satisfy those who doubt our Hydrogen Bomb capability?'
The Bill will come up for discussion in the upcoming winter session of the Parliament.
Roopam Asthana, CEO and whole-time director, Liberty General Insurance Ltd, answers your queries about HEALTH insurance and AUTO insurance.
'We will be looking to prune our portfolio to make GIC Re a healthier entity.'
The two sides signed three agreements to boost cooperation in power, banking and insurance sectors besides deciding to step up ties in areas of oil and gas, agriculture, renewable energy and health care.
Kunnal Prem, chief executive officer of the Insurance Information Bureau of India, tells Mayank Jain on what they're doing.
Modi, who was in France on the first leg of his three-nation tour, said there have been a number of constructive changes in the last five years.
The wise pay their taxes on time and plan for it before time. That does not mean one has to necessarily go through the big fat books on taxes! Knowing a couple of hacks for saving tax can have it sorted for you.
Here are some of the common mistakes that most home buyers make when it comes to home loans and how to avoid them.
Making purchases on your credit card can turn out to be a better idea. Here's why.
Whatever the ideologies of our leader are, the end result should be nothing more than well being of our fellow citizens, says Khemchand H Sakaldeepi and Nupur Pavan Bang.
As you spruce up for Dussehra puja this year, we have a suggestion for you! How about looking at your finances in a whole new way?
Penalty for unapproved policy changes allegedly reduced from Rs 17,500 crore to Rs 20 lakh
Penalty for unapproved policy changes allegedly reduced from Rs 17,500 crore to Rs 20 lakh
There are other charges too that you need to budget for
Couples, who plan money together, stay together and get rich together!
Making an informed choice will help you save money and some hassles too.
A bad credit score in general is seen as an irresponsible behaviour of an individual. Inability to pay on time reflects that the person is not capable of take care of things.
To ease the process of decision making while buying a house, we have put together important factors you need to consider.
In order to make your life a tad easier, here are some pointers on what needs to be done with inheritance of credit card debt.
Now that you have clicked on this sensational headline do read what follows. It will not make you a millionaire in 15 days but lays a solid foundation for you becoming one.
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.
Health insurance has almost 23 per cent market share in the general insurance space.
Corporates understand that the PMO drives all key decisions in this government.
Work fetches money and that is what keeps us going. But how about money fetching more money? We plan to give you what you need to get started.
Managing your own money is empowering. And if you haven't started yet, now is the perfect time!
While we have our wish lists ready, it's only on February 28 that the verdict will be out. We do hope the FM plays Santa and brings some good cheer in this financial year. Meanwhile let's take a moment and list our expectations.
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