New business margins rose to 29.8 percent in Q1FY20 compared to 24.2 percent a year ago
To take a sabbatical, you need to assess the duration of the break, potential expenses, source of funds and take adequate insurance covers for yourself and your family.
It is mandatory for insurance companies to offer covers for mental illnesses.
Increasing the FDI limit for intermediaries, reducing funds requirement for opening branches and providing thrust to local operations are helpful steps
Standalone health insurers posted 41.6% growth in Q1, growing faster than the industry.
Insurance is required against a low-probability but high-impact event
The annual premium of Rs 12 and Rs 330 for personal accident and life insurance will continue
The debt-ridden company is looking to pare down stake in its non-core assets including life and general insurance
Life Insurance Corporation of India (LIC) posted an 81 percent YoY growth in new premiums at Rs 44,794.78 crore in Q1
It is likely that FDI cap in insurance companies will be hiked to 74 percent
The insurer said that the product offers soldiers financial preparedness post-retirement and provides an additional monthly income stream
PSU banks are also unable to sell their stake to the foreign partners due to the 49 percent FDI cap in the insurance sector
While Q1 is generally considered a slow quarter, Emkay said that FY20 has started on a strong note with private players registering APE growth of 30.5 percent in the June quarter
In addition to distributing insurance through the existing POS certified PayNearby network, the company has also launched a new brand InsureNearby.
It is estimated that insurers lost almost Rs 250 crore in the last calendar year due to frauds.
At present, life insurance premium have tax exemption under Section 80C
RenewBuy’s existing investor Amicus Capital also participated in the current round.
"While it is unlikely that they remove LTCG, we would like an introduction of indexation benefit there," he said.
A combination of tighter regulation, technological adoption and the need to look beyond basic skills means many insurance agents stare at an uncertain future.
The budget could further the agenda of building a new India and is expected to open the doors of opportunities to investors in financial markets across asset classes.
There is an absence of good quality, high-rated debt papers in the market due to the ongoing liquidity crunch
The total policy payouts amounted to Rs 2.50 lakh crore for FY19, showing a 26.6 percent increase.
The payments platform is also looking to apply for a corporate agent license with the insurance regulator
SBI is planning an IPO for SBI General Insurance in FY20