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India should sustain growth momentum, secure growth at 7%, inflation at 4%

India should sustain growth momentum, secure growth at 7%, inflation...

Mumbai: In an environment of macroeconomic stability, India’s objective for 2024-2025 should be to sustain the growth...

18 Jan 2024 11:20 PM IST

Red Sea attacks spike marine insurance rates

Red Sea attacks spike marine insurance rates

Mumbai: Insurance companies have increased the premium rates for providing marine war, Strike, Riots, Civil Commotion...

18 Jan 2024 12:56 AM IST

Yann Zopf, Saadia Zahidi, Carolina Klint and John Scott during media briefing on Global Risks Report 2024. (Image Source: Twitter)

Misinformation tops Global Risks 2024

Mumbai: Misinformation and disinformation are the biggest short-term risks (over the next two years) according to the...

10 Jan 2024 10:33 PM IST

The Insurance Regulatory and Development Authority of India (IRDAI) and the General Insurance Council would be formally announcing the nationwide common cashless hospital network in a press conference on January 24. (Representational Image: Flickr)

Now you can take cashless treatment in 40,000 hospitals across country

Mumbai: Health insurance policyholders will now have access to cashless hospitalisation in around 40,000 hospitals...

9 Jan 2024 10:49 PM IST

Life insurers want the government to introduce a separate tax deduction limit exclusively for life insurance premiums paid, bring life insurance annuity and pension products at par with the National Pension Scheme.

Life insurers wish for separate tax deduction for life insurance

Mumbai: As the countdown for the Union Budget begins, life insurers want the government to introduce a separate tax...

2 Jan 2024 10:23 PM IST

The objective of introducing Rs 2000 banknotes was met once banknotes in other denominations became available in adequate quantities. (Photo: ANI)

RBI Says Rs 9330 Crore of 2000 Notes Yet to Return

HYDERABAD: The Reserve Bank of India (RBI) on Monday said that banks have received 97.38 per cent of the Rs 2,000...

1 Jan 2024 11:52 PM IST

The exposure draft, if implemented, will be draconian to the insurance industry for various reasons. Persistency levels will fall, and margins from non-participating products will fall impacting profitability. Policyholders would be incentivised to surrender their policies and buy another policy thereby impacting persistency of the business. (Representational Image Source: picpedia.org)

Insurers settle more health claims through cashless mode

Mumbai: More than half of the health insurance claims received by non-life and standalone health insurers are settled...

1 Jan 2024 11:03 PM IST

The exposure draft, if implemented, will be draconian to the insurance industry for various reasons. Persistency levels will fall, and margins from non-participating products will fall impacting profitability. Policyholders would be incentivised to surrender their policies and buy another policy thereby impacting persistency of the business. (Representational Image Source: picpedia.org)

Panel to study impact of IRDAI's norms on higher surrender payout to...

Mumbai: Life Insurance companies have formed a committee to study the actuarial and financial impact of the insurance...

26 Dec 2023 9:57 PM IST

(Photo: PTI/File)

India to be fastest growing economy in FY25 says Fitch ratings

Demand will remain strong for cement, electricity and petroleum products

23 Dec 2023 12:00 AM IST

Reserve Bank of India (RBI) Governor Shaktikanta Das arrives to address a press conference on monetary policy statement, at the RBI headquarters, in Mumbai, Friday, Dec. 8, 2023. (PTI Photo/Shashank Parade)

Any Shift in Policy Stance Would be Premature and Risky Says RBI...

Mumbai: The Reserve Bank of India’s (RBI) governor Shaktikanta Das, in the December’s monetary policy meet...

22 Dec 2023 9:32 PM IST

The Reserve Bank of India (RBI) will conduct the auction on June 7. (Representational Photo:DC)

RBI enables Card-on-file tokenisation directly at issuer bank level

Tokens can be used for online transactions, mobile point-of-sale transactions or in-app transactions

21 Dec 2023 8:08 PM IST

There shall not be any restriction on entry based on age in health insurance covers,â€ said the Insurance Regulatory and Development Authority of India (IRDAI). (Image: IRDAI Official Website)

IRDAI Proposes to Cut Waiting Period for Pre-existing Diseases, Cap on...

Mumbai: In a major relief to health insurance policyholders, the insurance regulator has proposed to cut down the...

20 Dec 2023 1:03 AM IST