- Feb09By PTI
Insurance sector regulator Irdai has recommended waiver of service tax on the premium amount being paid by policyholders in order to have a level playing field with other financial products,
The beginning of the tax season has helped public sector behemoth Life Insurance Corporation of India (LIC) to clock a positive growth in individual new business premium for the first
Your health insurance premium continues to rise despite individual health insurance business being breakeven or profitable for insurers. Why?
Because non-life insurers are continuing to give discounts to large corporate
It is a non-linked scheme with a profit plan which provides insurance cover of at least 10 times of the premium amount, thus making the full premium amount eligible for deduction u/s 80C of the Income Tax Act.
Almost half of the young adults in top cities suffer from lifestyle disorders, but 25 per cent of them did not have even employer-provided health cover and only 30 per cent bought a personal cover, says a survey by Bajaj Allianz General Insurance.
Insurance regulator Irdai is mulling to launch e-Vahan Bima for the rest of the country. The platform for e-Vahan Bima has been established after the data sharing was facilitated
Most insurers are seeing the claim amount pertaining to cancer going up every year. Apart from increasing incidences of cancer, rising cost of treatment also has been leading to higher claims.
Public sector behemoth Life Insurance Corporation of India (LIC) has made equity investments of over Rs 53,000 crore so far this financial year as against Rs 39,000 crore made last
India First Life Insurance, the youngest among life insurance companies, seeks entry into micro insurance market. Growing share of its business from retail insurance and group protection plans will also remain focus points for the company.
Tata AIG General Insurance Company, the joint venture between Tata Group and American International Group (AIG), is expecting its health insurance business to pick up pace and has lined up offerings to differentiate itself in the competitive marketplace.