NIPPON LIFE INSURANCE
10 changes IRDAI has proposed in 2019 to make motor insurance a simpler product
This year, a separate third-party insurance category for electric vehicles (EVs) was issued. Further, to increase the sale of EVs, the third-party motor insurance premium for electric vehicles are issued at a discount of 15 percent.
DHFL seeks intervention from SBI, Union Bank to repay depositors
In letters to the State Bank of India and Union Bank of India, DHFL has soug...
63 Moons moves High Court to recover Rs 200 crore from DHFL
Counsel for DHFL challenged the maintainability of the petition, arguing that the...
Life insurers explore financial reinsurance to raise capital
A study by Actuarial firm Milliman showed that 35 per cent of the 17 companies in survey are looking to raise capital from reinsurers.
SBI Mutual Fund IPO to come before general insurance: Rajnish Kumar, SBI
Kumar said SBI Mutual Fund IPO will come before SBI General Insurance’s issue.
Shriram Group looks to dilute 5% each in life & non-life biz
The transaction, in preliminary stages, is part of the group’s thinking to unlock cash to fund its aggressive growth plans.
Postmen, grameen dak sevaks may soon start selling insurance policies
The IPPB, which is a corporate agent, can seek permission from Irdai for sponsoring postmen and grameen dak sevaks of Department of Posts (DoP) to act as Point of Salesperson (PoS), Irdai said. ln case the authority grants permission, IPPB shall be responsible for all acts of omission and commission of the persons appointed as PoS, it added.
Share market update: Nifty Services sector index up; HDFC Life climbs 2%
The Nifty Services Sector index was trading 0.72 per cent up at 17312.15.
Banks can’t claim tax relief on FD insurance
Reversal of credit would lead to an increase in cost by anywhere between Rs 200 to Rs 500 crore for banks.
YES Bank, Bharti Infratel may be excluded from Nifty: Edelweiss
A very close competition is being seen among the non-Nifty names to find a place in the Nifty.
Expect 12-15% growth in general insurance this year: Mahesh Balasubramanian, Kotak GI
Health insurance premiums expected to continue to grow at about 20% odd.
Simplifying fineprint, big plan of insurance companies
While a few of the startups are simplifying the language of their write-ups, others are working on design elements like graphics, pictures and videos to explain product details to minimise confusion among customers.
Tax optimiser: NPS, health insurance cover can help Rathore cut tax
You can optimise tax by rejigging your income and investments. In this taxpayer's case, there is scope for further tax reduction if he makes use of all the deductions available. For instance, he should invest in NPS on his own too.
Slowdown strikes SIP-enriched MF industry: Indiabulls AMC cuts jobs
Indiabulls AMC has also reduced some senior management salaries by half.
Murugappa group rift: Hereditary board post not a legal right
Late M.V. Murugappan's daughter alleged that promoters have gender bias against women getting into family biz.
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