Recent years have been turbulent for the insurance industry due to direct and indirect tax reforms, regulatory overhaul and other external pressures. The events cumulatively slowed growth rate to single digits from the high teens seen earlier.
He replaced Vinod Rai, who superannuated on Wednesday after five-and-a-half years of eventful tenure as the head of CAG.
Understand policy inclusions and exclusions to avoid surprises during claims.
Even if you have a comprehensive motor insurance policy, it may not provide sufficient protection against monsoon-related risks.
'The slowdown in motor insurance premium growth is due to slower growth in vehicle sales. Also, there has been minimal hike in third-party rates in the past three years which is affecting the growth rate of third-party premiums.'
'Accidents are unpredictable, whether it's a mishap during Diwali, a fracture during travel, or a fall in the bathroom.'
The Insurance Regulatory and Development Authority of India (IRDAI) has asked life insurance companies not to advertise unit-linked plans as investment products in a recent circular.
Yet another first week of December brought familiar scenes of rain, storm, flooding, power outages, and fallen trees. When Cyclone Michaung wreaked havoc, leading to the heaviest rainfall in 47 years in the city, residents of Chennai drew parallels to the devastating floods of 2015. However, initial data on insurance claims suggests that the impact this time may portray a more optimistic scenario.
When the IAF veterans' bail petition came up for hearing, in an unprecedented move, senior serving and retired Air Marshals and Air Vice Marshals rallied behind the accused officers and appeared before the court to give sureties for each, something that has never happened ever before.
A special court on Saturday granted bail to four former Indian Air Force (IAF) officers in the AgustaWestland chopper deal corruption case after they appeared before it following summons issued on the last date of hearing.
A Delhi court on Thursday granted bail to former defence secretary Shashi Kant Sharma in a case related to the AgustaWestland chopper scam.
'Punjab is a border state and no one knows the ISI's game plan. It can stoop down to any level.'
The Central Bureau of Investigation has filed a supplementary charge sheet in the Rs 3,600-crore AgustaWestland scam against former defence secretary Shashi Kant Sharma and four Indian Air Force personnel, officials said Wednesday.
'This incident is likely to embolden the radicals as also the sleeper cells of terrorists and their masters hiding abroad, including Pakistan.'
A bench of Justices UU Lalit and SR Bhat issued notices, including to the state of Bihar, on the plea filed by Shashi Kant Rai, an additional district and sessions judge in Araria.
A bench headed by Chief Justice NV Ramana also directed that the report of the three-member inquiry panel headed by Justice (retd) BS Chauhan of the apex court be put in the public domain and uploaded on its website.
Defying doctor's advice, an unwell Chief Minister Arvind Kejriwal met CAG Shashi Kant Sharma to discuss the issue before going into a Cabinet meeting.
Mehrishi has emerged as the top choice for the post, the sources said, adding a formal order on this is expected soon.
'It was more than ego.' 'It carried with it a sincere belief that he was the quintessence of the country, that the country's destiny was irrevocably intertwined with his destiny.' An excerpt from T J S George's The Dismantling of India: In 35 Portraits.
A fresh public interest litigation was Monday filed in the Supreme Court claiming that the appointment of Shashi Kant Sharma as the Comptroller and Auditor General of India was arbitrary and made without any transparency.
Reader Pooja Sharma has sent us some photographs.
The government on Monday clarified that the controversial movement of troops towards Delhi in mid-January was a "routine" exercise, for which no permission was required from the defence ministry. Defence Secretary Shashi Kant Sharma, who appeared before the Parliamentary Standing Committee on Defence, told the panel that the movement of troops towards Delhi was a routine drill and no standard operating procedures were violated as it did not require permission from the govt.
Newly appointed Comptroller and Auditor General Shashi Kant Sharma is is approachable and friendly, not forbidding, say his former colleagues.
The Supreme Court on Thursday agreed to hear a PIL challenging appointment of Shashi Kant Sharma as the Comptroller and Auditor General of India.
Defence minister A K Antony on Sunday visited a forward post in north Kashmir's Kupwara sector.
Russia will provide an additional 42 Sukhoi frontline fighters to India under an agreement signed on Friday, taking the bilateral defence cooperation to new heights.
PAC Chairman K V Thomas, however, remained non-committal over these demands.
Terming the movement of two army units towards Delhi in mid-January as a routine drill, Defence Secretary Shashi Kant Sharma on Monday said no permission was required for the same from the government.
Members of Parliament on Wednesday quizzed Defence Secretary Shashi Kant Sharma and Army Vice Chief S K Singh on a media report of suspicious movement of troops near national capital New Delhi in January, but they dismissed it as baseless.
Defence Minister A K Antony on Saturday arrived in Srinagar on a two-day visit to Jammu and Kashmir during which he will review the security situation in the Valley and also interact with troops deployed in forward locations.
The SARS-CoV-2 sero-positivity rate among children is high and comparable to the adult population and hence, it is unlikely that any future third wave of the prevailing COVID-19 variant would disproportionately affect children aged two years and above, according to the interim findings of an ongoing study conducted in the country.
Srikanth Kondapalli on the significance of Chinese military official Gen Ma Xiaotian's visit to India.
The panel will be headed by retired Allahabad high court judge Shashi Kant Agarwal and submit its report in two months, a government source said.
Amid reports that VIP facilities including an LCD TV were being provided to Bibi Jagir Kaur, lodged in Theh Kanjla Jail in Kapurthala in connection with the abduction case of her daughter, a top Punjab Prisons official on Tuesday ordered an inquiry into it.
All India Congress Committee general secretary Mukul Wasnik's face off with the Bihar Congress delegates has turned ugly with senior leaders alleging that Wasnik, reportedly, hit senior party worker Shashi Kant Tewari, an old timer of the party.
The government is committed to connecting every single panchayat in the country with high-speed Internet in two years, Minister of State for Communications and IT Sachin Pilot said.
A bench headed by Chief Justice S A Bobde said that there were enough safeguards to ensure fair inquiry by the judicial panel into the encounter which took place in Kanpur.
India on Friday won a crucial election to the UN Board of Auditors with its nominee Shashi Kant Sharma, the Comptroller and Auditor General, garnering the largest number of votes.
"It is unrealistic to expect that COVID-19 pandemic can be eliminated at this stage given that community transmission is already well-established across large sections or sub-populations in the country," the report said.
The Allahabad high court on Tuesday directed a petitioner to produce the copies of postmortem reports and First Information Report filed by the families of victims of Badaun gangrape and murder case by June 9.
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