News for 'Universal Sompo'

Business

100% FDI in insurance likely soon

The Union Cabinet on Friday approved 100 per cent foreign direct investment (FDI) in the insurance sector, a move that was welcomed by industry as it would help attract more capital and global...

Insurers hopeful of reduction in GST on health, life premiums

The life and non-life insurance industries are hopeful of a reduction in the goods and services tax (GST) on health and life insurance premiums, after Prime Minister Narendra Modi, in his speech...

Insurers to double down on tech, rural expansion for growth in '25

The Indian insurance industry is set to focus on customer-centric technological adoption and expansion into rural areas to drive growth in 2025. Illustration: Uttam Ghosh/Rediff.com These...

Banks' rush unlikely for insurer licence

The Insurance Regulatory and Development Authority has finally given its nod for banks to become brokers for the segment. But a rush of applications from banks, to become insurance brokers is...