Mumbai: To boost trade credit insurance penetration in the trade finance line of business, the Indian Banks’ Association has sought assistance from the Reserve Bank […]
Tag: Insurance
GST violations case: Finance ministry refuses to act on insurers’ plea, refers matter to Irdai
The finance ministry has declined to intervene in a plea for relief made by the insurance industry, which is facing penal action from tax authorities […]
Insurance penetration cannot be done by merely crowding market with large number of players: AIIEA General Secretary Mishra
The government and insurance industry regulator IRDAI have been pitching for a greater insurance penetration but it cannot be done by merely crowding the market […]
Irdai proposes to tighten norms for media campaigns by insurers
Regulator Irdai is proposing to tighten norms for insurance advertisements by assigning higher responsibility on senior management of insurers in designing and approving media campaigns […]
Irdai asks insurance companies to lay down social media guidelines for employees
Regulator Irdai has asked insurance companies to lay down social media guidelines for their employees to ensure that no unverified or confidential information relating to […]
Reliance General to accept CBDC e-Rupee through Yes Bank
Reliance General Insurance on Wednesday said it has become a forerunner general insurance company in the country to accept the Reserve Bank of India’s (RBI) […]
LIC total premium rises 17 pc to Rs 2.32 lakh cr in FY23
Life Insurance Corporation (LIC) on Monday said its total premium rose 17 per cent to Rs 2.32 lakh crore during FY2022-23. The same stood at […]
Cyberattack on Insurance Information Bureau of India; data at risk
The Insurance Information Bureau of India (IIB) has faced a cyberattack and some of the data it holds may have been compromised, said two people […]
Strong season, rush to bag tax sops to lift life insurers in Q4
Favourable seasonality and tax-rule changes pertaining to high-ticket, non-unit-linked savings products from April 1 would have ensured robust sales for Indian insurers in the March […]
Insurers seek sops to cover specially abled
General insurance companies will seek tax exemptions or direct subsidy to provide full coverage to specially abled people through new product offerings, said industry executives. […]