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    1. Business News
    2. Authors
    3. chirag madia

    Chirag Madia

    Union Budget 2021
    Union Budget 2021: Hike in insurance FDI limit to draw fresh capital

    Union Budget 2021: The Budget also proposes to allow foreign ownership and control with safeguards.

    By Chirag Madia
    February 2, 2021 01:10 IST
    The pandemic has hampered normal functioning as well as the use of vehicles.
    ‘Long-term policies, awareness to help penetration of motor insurance’

    In the general insurance industry, we deal with large number of transactions, and that is one of the reasons we,…

    By Chirag Madia
    November 28, 2020 00:30 IST
    Your Money: See volatility in gold prices as an opportunity, not as a risk

    That’s because the factors of ultra-low interest rates, soaring deficits and debts, rising inflation and debasement of dollar that caused…

    By Chirag Madia
    October 13, 2020 01:00 IST
    Insurers have settled 2.17 lakh claims amounting to Rs 2,175 crore as on October 5.
    General insurance companies received over Rs 5,400-crore Covid claims

    Players in the general insurance industry say that if claims continue to rise than the loss ratio in the health…

    By Chirag Madia
    October 7, 2020 02:30 IST
    We expect the industry to be able to achieve a flat to slightly positive growth for the entire year if the current trends sustain.
    We are seeing higher traction, especially in individual protection segment: Suresh Badami, HDFC Life

    While life insurance had a slow start this fiscal year due to the pandemic, the demand has seen a pickup…

    By Chirag Madia
    September 30, 2020 04:00 IST
    Dr. S Prakash, Managing Director, Star Health and Allied Insurance
    Need to have standardisation of costs and procedures: Star Health and Allied Insurance MD

    Hospitals expect insurance companies to understand their difficulties and pay for expenses incurred in full, whereas insurance companies have a…

    By Chirag Madia
    September 11, 2020 03:00 IST
    health insurance, life insurance, insurance agent, ulip policy is it good, mis selling of insurance policy, fraud agent, COVID-19, Corona Kavach, Corona Rakshak, working millenials
    Corona insurance claims cross Rs 2,000 crore

    Executives in insurance firms told FE, claims from semi-urban and rural areas in Maharashtra have been on the rise.

    By Chirag Madia
    August 21, 2020 04:15 IST
    Sailesh Raj Bhan, deputy CIO - equity, Nippon India Mutual Fund
    Equity can give better returns than others over long periods: Nippon India Deputy CIO-Equity

    In fact, if we look at the results, profitability of several corporates has increased, and revenues are falling less than…

    By Chirag Madia
    August 12, 2020 05:30 IST
    Data from Insurance Regulatory and Development Authority of India (Irdai) shows that LIC's new business premium was Rs 1.77 lakh crore in 2019-20, reflecting a growth of 25.17% over the previous year.
    Corporate bad debt push up LIC’s NPAs

    In 2019-20, LIC’s total premium income grew 12.42% to Rs 3.79 lakh crore. The gross total income grew to Rs…

    By Chirag Madia
    July 31, 2020 07:30 IST
    Suyash Choudhary, Head – Fixed Income, IDFC Asset Management Company
    One should anchor to quality part of the market: IDFC Mutual Fund’s Suyash Choudhary

    The portfolio construct should be such that whenever investors ask for their money back, the fund manager should be able…

    By Chirag Madia
    July 30, 2020 00:45 IST
    Cyber insurance still at a nascent stage in India

    According to the Internet Crime Report for 2019, released by FBI’s Internet Crime Complaint Centre, India ranks third among the…

    By Chirag Madia
    July 3, 2020 02:45 IST
    Over the last 1-2 years, these segments have been outperforming the rest of the debt market.
    Money needs to be either spent or invested and not saved: Sujoy Das, head- fixed income at Invesco MF

    Ideally bond yields should move lower because of easy liquidity and rate reductions by RBI along with accommodative stance.

    By Chirag Madia
    July 2, 2020 00:30 IST
    Short-term policies may be issued for a minimum term of three months to a maximum term of 11 months.
    Covid-19 insurance claims at Rs 280 crore; more than 18,100 claims received so far

    The Insurance Regulatory and Development Authority of India (Irdai) has said insurers can offer Covid-19-specific short-term health policies both as…

    By Chirag Madia
    June 25, 2020 03:45 IST
    In March 2018, Sebi said the four PSUs would have to comply with the rules, but it did not enforce this and, instead, gave an extension for a year.
    UTI IPO Sebi approval paves way for less govt interference in the fund

    India’s law does not allow any sponsor such as SBI, PNB, BoB or LIC to hold more than a 10%…

    By Chirag Madia
    June 23, 2020 03:01 IST
    This policy will be a standard product with common policy wordings across the industry.
    IRDAI’s mandatory Standard Covid-19 cover may cost Rs 2000-Rs 3000 premium for Rs 5 lakh sum insured

    Insurance companies are still working on the premium amount for this product, but it is estimated that premiums will be…

    By Chirag Madia
    Updated: June 12, 2020 08:12 IST
    Insurers get 9,700 claims worth Rs 150 crore for Covid-19

    Participants in the non-life insurance industry believes that given the current scenario claims would further increase from states like Maharashtra…

    By Chirag Madia
    June 10, 2020 07:36 IST
    A team of data scientists at the University of Michigan projects the outbreak will nearly triple over the next month to more than 800,000 cases, a situation that would put pressure on its rickety healthcare system.
    Debt funds see sharp surge in assets under management in May

    Data from Association of Mutual Funds in India (Amfi) show that daily AUM of debt funds at the end of…

    By Chirag Madia
    June 4, 2020 05:15 IST
    franklin templeton mutual fund, essel group, essel infraprojects, mutual fund houses in India, essel group financial crisis
    Fund houses have exposure of Rs 143.93 crore in debt papers issued by Essel Group cos: Data

    All the four schemes of Franklin Templeton MF that had exposure to Essel Infraprojects are currently under winding-up by the…

    By Chirag Madia
    May 26, 2020 08:54 IST
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    Tax Talk: Utilise your employee perks before the end of the year

    ‘Claims exchange will end insurer-hospital friction,’ Q&A with Tapan Singhel MD Bajaj General Insurance

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