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  • People Now Prefer Short Term Insurance Plan, Says LIC Official
    Speaking at the launch of LIC's new insurance plan, Mr Kumar said that people still see insurance as an investment rather than security for their family.
  • Insurance Bill in Winter Session of Parliament: Arun Jaitley
    The much-delayed Insurance Bill, which seeks to raise the foreign investment cap in the sector from 26 per cent to 49 per cent, has been referred to the Select Committee of Parliament.
  • Insurers' Websites to Give Unclaimed Amount Details of Customers
    IRDA also said insurance companies should provide a facility in the website to enable policyholders or dependents to find out if any unclaimed amount due are lying with the insurer.
  • HDFC, Birla Sun, Reliance Life Top Irda's Unfair Business Chart
    According to the data on 'Unfair Business Practices', compiled by the insurance regulator Irda, 10,819 complaints were filed by consumers against HDFC Standard life during April 1-July 20, 2014.
  • Cabinet Approves 49% FDI in Insurance
    Barring the public sector insurance companies, all other insurance companies would benefit from higher FDI cap.
  • Insurance Bill May Be Taken Up in Current Session: Finance Ministry
    The move would help insurance firms to get the much needed capital from overseas partners.
  • Private General Insurers Market Share Inch Up 44% in FY14
    Private sector general insurers had a combined market share in terms of gross premium collection at 44 per cent in FY14, up from 42.77 per cent, while public sector companies' share declined to 55.84 per cent, from 57.04 per cent, according to the data.
  • An Employee Dies, a Company Collects the Insurance
    Companies are taking out life insurance policies on their employees, and collecting the benefits when they die. Because company-owned life insurance offers employers generous tax breaks, the market is enormous; hundreds of corporations have taken out policies on thousands of employees.
  • Budget 2014: General Insurance Firms Want Tax Sops to Boost Health Cover for SMEs
    India's Rs 70,000-crore general insurance industry has demanded tax exemption in the forthcoming budget to give boost to corporate health plans of SME employees and retail catastrophe cover.
  • Budget 2014: Insurers Meet Jaitley, Pitch for Raising FDI Ceiling to 49 Per Cent
    Keen to push insurance sector reforms, Finance Minister Arun Jaitley on Thursday met CEOs of private sector companies to discuss issues related to capital requirements, including the cap on foreign direct investment (FDI).
  • How to save tax through various insurance policies
    Insurance tax deductions can be divided into 3 parts - life insurance, pension plans and health insurance.
  • Bought an expensive mobile phone? Consider insuring it
    The growing penetration of high end and smartphone market in the country has also increased the number of cases of thefts and accidental damages.
  • Insurers seek more hike in auto insurance premium
    The regulator IRDA has raised the third-party motor premium by 10-15 per cent, effective April 1, against a demand for a minimum 50 per cent increase by the industry.
  • Why all life insurance plans may not save tax
    While insurance plans do offer tax benefits up to Rs 1 lakh under section 80c of the income tax act, new change in rules and regulations especially with the implementation of Direct Taxes Code (DTC) means one needs to be careful while selecting any insurance product simply because of its tax related benefits
  • Company's health insurance: All you need to know
    For most of us, it is just a simple deduction from our salary which provides benefit at the time of hospitalization. However, there is much more to it. Let's see the merits and demerits of employer provided health insurance vis-a-vis individual health insurance.

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