The Insurance Regulatory and Development Authority of India has issued against dealing with a Bangalore-based entity - 'Digital National Motor Insurance'.
Union Budget 2021: The Hon’ble Finance Minister announced an increase in the foreign investment limit for insurance companies from 49% to 74% in her budget speech on 1 February 2020.
SBI Life Insurance jumped over 2% to reach a high of Rs 897 per share, HDFC Life Insurance was up nearly 2% at Rs 713 apiece, followed by ICICI Prudential Life. General Insurance Corporation saw the biggest surge, gaining 6%
Union Budget 2021 India: Expectations from the upcoming Union Budget 2021 are sky high, with the indicators from the government of it being a “never before” budget.
Profitability and solvency concerns are driving mergers and acquisition in the private sector, and some private players are planning public listings in order to raise capital, according to the agency.
The group has recommended inserting a fifth section to motor insurance called "Traffic Violation Premium" in addition to motor own damage insurance, basic third party insurance, additional third party insurance and compulsory
The regulator said the Standard Fire and Special Perils (SFSP) Policy will be replaced by the three standard products -- Bharat Griha Raksha, Bharat Sookshma Udyam Suraksha and Bharat Laghu Udyam Suraksha. It shall be mandato