India needs to follow countries such as Singapore who have and are further bolstering their cyber security apparatus.
The Centre is likely to cut budgetary support to the railways by around Rs 5,000-10,000 crore for 2018-19, out of the total budgeted GBS of Rs 53,060 crore. Due to this cut in GBS, the railways is likely to depend more on borrowings, asset monetisation, and internal generation to meet the capex target of Rs 1.465 trillion for the current year.
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.
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.
Navratri and Onam saw flat sales, but industry hopes to turn the corner with a cracker of a Diwali.
Unlike other health insurance policies, which mostly covers hospitalisation expenses alone, the specialised cover is likely to include the cost of treatment during quarantine and payment of cash for incidental expenses.
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.
General, life insurers with 8 & 10 yrs in biz, respectively, may have to list
The insurer plans to hire about 2,00,000 agents this financial year.
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.
Amendment to the Act, sovereign guarantees, investment portfolio, realty holdings, and governance issues to shape valuation.
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
Foreign reinsurance companies are now allowed to do business in India.
In January 2017, the growth in total premium was Rs 13,138 crore, against Rs 10,284 crore in January 2016, a growth of 28 per cent.
The first step that has been taken by IIB is to bring out unique identity numbers for hospitals.
The devastation caused by the current deluge has damaged hundreds and thousands of homes and vehicles.
Agents often influence customers into buying new products every year instead of continuing with their existing policies
'In FY21, as of October, LIC has booked a profit of Rs 18,800 crore through sale of equities.'
Allowing it to lapse leaves you unprotected and can, in some cases, cause loss of premiums paid, experts tell Sanjay Kumar Singh.
Analysts say strengthening bank's capital will boost earnings, bank needs chief with long stint to run show
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
The GIFT City management is in talks with Hong Kong, London, and Singapore arbitration centres
Moving from pricing control to a free market means stiff competition.
The failed deals could be the much-needed wake-up call for the M&A space.
Cost is not the only factor that one should look at. It's best to keep investment and insurance apart
Moving to a new company means losing out on continuity benefits
Section 45, which says no claim can be rejected after three years of a policy being in force, remains a bone of contention
After the Delhi high court's ruling, blanket exclusion of genetic disorders from coverage is likely to become a thing of the past.
Intermediaries, TPAs will also benefit, but investments will be under 26% FDI cap
You can exit Ulips after five years.
'The government wants foreign companies to capture the insurance market.'
These changes will entail a relook at the various laws governing banks in the country - the two Bank Nationalisation Acts (passed in 1970 and 1980); the State Bank of India (SBI) Act of 1955; and the Companies Act of 2013.
A customer can also appoint a surveyor on his own expense
'We have already sanctioned loans worth over Rs 3,000 crore to around 120,000 customers.'
The insurance sector is seeking clarity on the 'Indian management control' clause.
The GST to be implemented from April 1, 2016, will increase the premiums.
Dahiya's first internet-based venture to sell insurance failed, but he was convinced digital was the future
With at least three IPOs in the offing this year, stock market investors have a lot to look forward to.
It will bring in more transparency and reduce mis-selling
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