LIC is currently allowing customers to revive policies that have lapsed for more than two years.
Government is framing a rule that will make it compulsory for regulators like Sebi, Irdai and PFRDA to deposit a significant portion of their reserves into the Consolidated Fund of India.
The insurer plans to hire about 2,00,000 agents this financial year.
'GIFT City is now on a growth trajectory,' says Tapan Ray, MD and group CEO, GIFT City, 'The time has come for the GIFT City to take the big leap and emerge as the next financial hub of Asia.'
A lot of work is needed to be done on the part of the insurance sector behemoth, and the government, before it is ready for its market debut.
If you don't make the necessary adjustments after October 1, 2024, you'll stop earning interest on accounts that aren't in compliance rediffGURU Milind Vadjikar
In the context of market integrity, the IRAI and RBI should go over the minutes of the LIC and SBI board meetings when the decisions to invest in Adani equity or debt were taken, notes Jaimini Bhagwati, former World Bank treasury professional.
The government on Friday notified the rules for insolvency and liquidation proceedings of financial service providers (FSPs). These rules, notified by the ministry of corporate affairs, will not be applicable to banks, reports Ruchika Chitravanshi.
According to preliminary information memorandum, Air India's new owner will be asked to list the company in some time
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.
Life insurers are launching these again. Invest if you are conservative.
The loss to policyholders due to massive mis-selling of insurance policies by trusted private sector and public sector banks will be well in excess of Rs 2 trillion, warns Harsh Roongta.
Cost is not the only factor that one should look at. It's best to keep investment and insurance apart
'Space out when raising funds; Sebi mulls securitisation platform'
'We will be looking to prune our portfolio to make GIC Re a healthier entity.'
A customer can also appoint a surveyor on his own expense
We are hoping to have an exposure of over $300 million over the next two years. We would also evaluate opportunities to invest in other asset classes including equity and structured products.
Only 29 per cent of the adolescents surveyed could identify depression as a medical condition, says Pankaj Gupta.
India needs to follow countries such as Singapore who have and are further bolstering their cyber security apparatus.
Kunnal Prem, chief executive officer of the Insurance Information Bureau of India, tells Mayank Jain on what they're doing.
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
Amid differences among allies, the government today deferred a decision on the changes in the crucial Pension Fund Regulatory and Development Authority Bill, 2011.
Life Insurance Corporation and UTI Mutual Fund are in the fray for entering the lucrative pension business, which is slated to grow to Rs 50,000 crore (Rs 500 billion) by 2010.
By April, operational guidelines for the scheme will be finalised and shared with states
The draft regulations for the new pension scheme likely to be out by September first week is expected to recommend fixing minimum base capital for pension fund management companies less than that stipulated for insurance companies.
Much of the tardy reaction to competition is the result of LIC's legacy.
The GIFT City management is in talks with Hong Kong, London, and Singapore arbitration centres
Health insurance has almost 23 per cent market share in the general insurance space.
It will bring in more transparency and reduce mis-selling
Managing expectations is a challenge for policymakers.
Twenty-six per cent FDI cap in sector is not incorporated in Bill as govt retains flexibility.
The applicant must have an operational savings bank account.
Indian regulators have identified certain groups as 'financial conglomerates' and they are being monitored closely for any systemic risks they may pose.
Seven public sector entities including the Life Insurance Corporation and State Bank of India on Friday submitted expressions of interest to the Pension Fund Regulatory and Development Authority
Entities reluctant to get into new segment till settlement and margin issues are addressed
While regulators are trying to do their bit, the onus is on you to prove it.
Navratri and Onam saw flat sales, but industry hopes to turn the corner with a cracker of a Diwali.
