Insurance Sector

IIT Madras Launches Training Courses For Banking, Financial Services And Insurance Sector

Education | Edited by Bishal Kalita | Thursday November 19, 2020

The Courses are open to students and working professionals in India who are interested in taking up a career in the BFSI Sector.

Accelerating Ease Of Doing Business, Insurers Must Make Claims Painless: Government

Business | ANI | Saturday August 29, 2020

Minister of State for Finance and Corporate Affairs Anurag Thakur said that the post-COVID world will be very different and India's insurance sector must gear up to seize the moment.

Long-Term Capital Gains Tax Not To Apply To ULIPs

Business | NDTV Profit Team | Monday February 5, 2018

A few days after Arun Jaitley on Thursday announced the re-introduction of long term capital gains on equity during the Budget speech, market indices have been consistently declining. However, the Budget has been positive for the insurance sector, claim experts. A report released by the Nomura says that the newly inducted capital gains tax will not...

India Inc Welcomes Union Budget 2018

Business | Indo-Asian News Service | Thursday February 1, 2018

Budget 2018 is overall positive and 'common man centric' with clear boost to rural, health and insurance sector, said C. P. Gurnani, CEO of Tech Mahindra

Opinion: Insurance Sector Needs Tax Breaks On Vocational Training

Business | Roopam Asthana | Thursday January 25, 2018

The frequency of building collapses also seems to have increased if one goes by news reports. A natural calamity in a large urban agglomeration could lead to severe losses to a very large number of home owners as less than 1 per cent of homes in India are insured today.

Sahara Gets Relief, Fresh Hearing Ordered On Transfer Of Insurance Unit

Business | Press Trust of India | Thursday January 11, 2018

Irdai on July 28, 2017 had ordered the transfer of the life insurance portfolio of Sahara India Life to ICICI Prudential Life with a view to protect the interests of policyholders of the embattled life insurer.

Opinion: Need To Bring Down Tax For Life Insurance Sector

Business | Ashish Kumar Srivastava | Wednesday January 10, 2018

India has one of the highest protection gaps in Asia with a penetration level of around 3 per cent to 4 per cent.

ICICI Prudential Life Insurance Now Eyes IT, Pharma After Bet On Telecom Sector Pays Off

Business | Thomson Reuters | Tuesday November 7, 2017

ICICI Pru Life's chief investment officer said he kept buying telecoms shares this year even as a bruising price war and plunging profits forced several other investors to cut their exposure to the sector.

Festive Cheer Lifts Online Hiring Activity By 15% In September Over Last Year

Business | Press Trust of India | Monday October 9, 2017

Banking, financial services and insurance sector leads the uptick; tier II markets outperform metros, finds a report.

RCap Eyes Up To Rs 2,000 Crore With Listing Of Reliance General Insurance

Business | Press Trust of India | Monday August 14, 2017

RGIC is the fourth general insurance company to have announced its intentions to list on the stock exchanges.

Aadhaar Not Mandatory For Insurance, Says IRDAI

Business | Press Trust of India | Monday August 7, 2017

Aadhar is not mandatory for the (insurance) sector but is the most simple one, IRDAI, the insurance sector regulator said.

India's Mega Reform GST, Set For July 1 Rollout, Leaves Some Worried

India News | Reuters | Saturday May 20, 2017

The government, on Friday unveiled four rate bands under a new sales tax for services such as telecoms, insurance and restaurants, a move experts feel could complicate compliance and leave businesses at the mercy of an intrusive tax bureaucracy. The Goods and Services Tax or GST, set to be launched from July 1, will have rates of 5, 12, 18 and 28 p...

LIC Asked To Cut Holdings In Companies To 15%

Business | Press Trust of India | Sunday April 30, 2017

As of end March, LIC owned more than 15 per cent in index majors like ITC (16.32 per cent) and L&T (16 per cent), both part of the Suuti (specified undertaking of the Unit Trust of India) stakes that government owns through LIC, and state- owned Corporation Bank in which it owns 18.91 per cent.

Opinion: Opinion: Insurance Disrupted Through Exponential Technologies

Business | Rajarshi Sengupta | Tuesday April 11, 2017

Start-up companies unburdened by inertia or market expectations are growing faster than ever - and displacing incumbents in record time.

Cabinet Clears Insurance Reforms, 5 Government Insurers To Get Listed

Business | Wednesday January 18, 2017

Mr Jaitley had announced in last year's Budget that the government would list state-owned general insurance companies to improve transparency and accountability.