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.
‘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, as an industry, have been going digital at a faster pace.
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 the bull market in gold, are very much intact.
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 portfolio could increase by 8-10% only due to the ongoing pandemic.
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 on the back of an increase in the need for life insurance among customers.
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 feeling that some hospitals charge high just because insurers are paying.
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.
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 people are anticipating.
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 6.15 lakh crore, up 9.8% over the previous year.
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 to sell the securities and pay back to investors.
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 top 20 countries that are victims of cybercrimes.
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.
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 individual or group products.
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% stake in more than one asset management company, but an initial waiver was given.
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 in the range of Rs 2,000-3,000 for a sum insured of Rs 5 lakh.
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 and Delhi in the days to come.
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 May 29 stood at Rs 6.18 lakh crore against Rs 5.92 lakh crore in April — an increase of Rs 26,400 crore.
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 fund house.
Covid package: Nilesh Shah hails govt intention, says execution of policies must follow
Kotak Mahindra AMC managing director Nilesh Shah said while the intention of the government has been right in framing policies to fight the impact of Covid-19, these must be followed by execution.
Franklin Templeton sees redemptions in other debt schemes as well
Despite the fall in AUM under the debt category, investors continued to show faith in the equity schemes of the Franklin Templeton MF.
Pandemic fallout: Downgrades rise, no let-up seen in FY21
At 21 downgrades a day between January and April, Corporate India’s finances continue to remain under pressure.
Franklin Templeton debacle to hit investors very hard
The regulator had also observed that mutual funds should not depend totally on credit rating agencies but should do their own assessments.
Covid-19 impact: Even the best of banks, Corporate India to plumb new depths
21 downgrades a day since January compared with 15 between January and mid-March.
Better to buy comprehensive health cover than disease-specific cover: Insurance cos
However, if someone wants to buy a comprehensive health cover, it would cost them Rs 8,000-11,000 for Rs 10 lakh sum insured.
Non-life insurers receive Rs 3-crore claims for Covid-19
According to the ministry of health and family welfare as on April 9, 2020, there are 5,218 active cases of novel coronavirus in India and there has been 169 deaths due to this pandemic.
Insurers approach insurance council to standardise treatment rates for Covid-19
According to general insurance companies, currently rates for treatment of novel coronavirus are different for isolation wards and are charged differently by private hospitals.
RBI will have to consider buying corporate bonds directly from market, says Dhawal Dalal
Global central bankers like US Federal Reserve (Fed) and European Central Bank (ECB) have announced facilities to buy corporate bonds from the markets, unlike in India where the Reserve Bank of India (RBI) has asked banks to
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- Coronavirus Lockdown Live Updates: Nearly 3 lakh fresh Covid-19 cases in India, 6,542 in Telangana
- Apple M1 iPad Pro, 24-inch iMac, AirTag and second gen Apple TV 4K launched in India: here are all the prices and when you can buy them
- Sun Pharma, Jindal Steel among top stocks to buy, sell; intraday chart suggests Nifty may fall up to 14,130
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- COVID-19 Second Wave: Mamata Banerjee slams Modi govt's monumental incompetence in COVID management
- Apple iPad Pro refresh launched with M1 chip, 12.9-inch model gets Liquid Retina XDR display
- Petrol and diesel price today 21 April 2021: Fuel rates stable for 6th day; check prices in Mumbai, Delhi here
- Apple TV 4K launched with A12 Bionic processor, redesigned Siri remote: Specs, price and everything to know
- Cabinet okays subsidy for urea produced via coal gasification
- Apple launches AirTag iPhone accessory to help locate lost items: Feature set, price, other details
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