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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)

Insurance Amendment Bill Proposing 100% FDI Set for Cabinet Nod

Finance ministry eyes Parliament monsoon session to push major insurance sector reforms, including full foreign...

29 April 2025 11:35 AM IST

How Insurance is Reaching India’s Tier-2 and 3 Cities - Bridging the Awareness Gap

How Insurance is Reaching India’s Tier-2 and 3 Cities - Bridging the...

Despite this change, financial literacy continues to be a challenge in India’s tier-2 and tier-3 cities, particularly in...

27 Feb 2025 5:44 PM IST

Gov looking at raising Deposit Insurance Cover

Gov looking at raising Deposit Insurance Cover

The government is actively considering raising the deposit insurance limit beyond the current Rs 5 lakh, M Nagaraju...

17 Feb 2025 9:51 PM IST

INTUC Protests Against Union Budget 2025

INTUC Protests Against Union Budget 2025

The demonstration was part of a nationwide call given by Dr. G. Sanjeeva Reddy, chairman of the central trade unions...

5 Feb 2025 10:32 PM IST

FDI limit for Insurance sector to be raised to 100% from 74%

FDI limit for Insurance sector to be raised to 100% from 74%

The FDI limit in insurance was introduced in 2000 with a cap of 26 per cent. This was gradually raised to 49 per cent in...

1 Feb 2025 11:46 PM IST

India’s insurance sector to be fastest among G20 between 2024-28

India’s insurance sector to be fastest among G20 between 2024-28

Mumbai: India’s insurance sector is likely to be fastest growing among G20 countries from 2024-2028 with an...

16 Jan 2024 11:49 PM IST

BFSI Conclave at IMT Hyderabad Drives Dialogues on Innovations for Inclusive Growth in Indias Journey to a $5 Trillion Economy

BFSI Conclave 2023: Innovations for Inclusive Growth

India's Ambitious Journey Towards a $5 Trillion Economy: Emphasizing Inclusive Growth and Purposeful Innovation

4 Dec 2023 4:14 PM IST