Chirag Madia

Articles By Chirag Madia

207 Articles

Jivan Jyoti Yojana: Insurers lose 10-20% in PM’s life scheme

LIC charges Rs 1,529 for a Rs 6 lakh cover for a 20-year-old, going up to Rs 6,273 for a 45-year-old.

Jivan Jyoti Yojana, insurer, insurer lose money, Pradhan Mantri scheme, PMJJBY

Pradhan Mantri Suraksha Bima Yojana: Insurers lose 80-100 pc on it, seek at least doubling of premium

Government-owned insurance companies, mainly, are incurring losses of 80-100% on the prime minister’s accident insurance scheme, Pradhan Mantri Suraksha Bima Yojana (PMSBY).

Pradhan Mantri Suraksha Bima Yojana, insurance companies, insurance scheme, premium

‘Markets should do well after the correction phase is over’

Even in the bullish markets we have seen correction in excess of 10%, so by no way we can say that this correction is over, and we can’t rule out further downside, says Mahesh Patil, co-chief investment officer at Aditya Bi

Markets,  Indian equity markets, ADITYA BIRLA company, PSBs, 

Amfi wants finance ministry to remove tax arbitrage between MFs, ULIPs

Mutual fund trade body Association of Mutual Funds in India (Amfi) has sent a letter to the finance ministry seeking parity on taxation between units of equity mutual funds and units of unit linked insurance plans (Ulips), of

ulips, mf, mutual fund, economy

National Health Protection Scheme premium may be inadequate: Insurers

Finance minister Arun Jaitley had on February 1 unveiled NHPS, the world’s largest government-funded healthcare programme, with an initial target to cover over 10 crore poor and vulnerable families (approximately 50 crore b

NHPS, National Health Protection Scheme, insurer, insurance council

Govt, insurers discuss NHPS implementation

Officials of the ministry of health and family welfare on Thursday met with senior executives of general insurance companies on the implementation of National Health Protection Scheme (NHPS).

NHPS implementation, NITI Aayog, General Insurance Corporation of India, ministry of health and family welfare, Arun Jaitley, finance minister

Merger path: Finmin to meet general insurers tomorrow

Heads of three public sector insurers will be meeting senior officials of the finance ministry on Friday to discuss the roadmap for their merger.

finance ministry, general insurers, stock exchange, Finance minister Arun Jaitley

Budget 2018: Merger of 3 state-run insurers to ease pressure on pricing, say players

Budget 2018: Finance minister Arun Jaitley, in his Budget speech on February 1, said that a merger of the three public sector general insurance companies into a single insurance entity, which will be listed, was on the cards.

National Insurance Company, Insurance Company, PSU, SME insurance segment, PSU insurers, Budget speech, budget 2018 income tax, budget, budget 2018, budget 2018 india, budget meaning, budget 2017-18, budgeting, budget 2018 date, budget 2018 highlights, budget 2018 india highlights, budget 2018 expectations, budget 2018 news

Budget 2018: How LTCG tax on equities comes back

Budget 2018: Currently, LTCG tax on debt funds is 20% with inflation indexation benefit, while equity holdings of more than one year did not attract LTCG tax. All LTCG gains on equities till January 31, 2018 have been grandfa

Budget 2018: With the imposition of long term capital gains (LTCG) tax on equities, there is now very little difference between debt funds and equity funds.

Budget 2018: Senior citizens get their due

Budget 2018: Finance minister Arun Jaitley in his Budget speech said, “In addition to tax concessions, I propose to extend the PMVVY up to March, 2020 under which an assured return of 8% is given by Life Insurance Corporati

Budget 2018: In a move that would help senior citizens, the 2018 Union Budget has announced various incentives like tax exemption of interest income from deposits with banks and raising the limit of deduction for health insurance premium.

Why LIC giving Infosys a boost despite stock crash

The Infosys board had also announced buyback of shares worth Rs 13,000 crore on August 19, at a price of Rs 1,150 apiece.

LIC, Infosys, stock, Vishal Sikka, CEO, Infosys

LIC nixes proposal to list UTI

Life Insurance Corporation of India (LIC) has turned down the proposal for an IPO for UTI Asset Management Company (AMC). As a result, the meeting that was to take place between the promoters of UTI last week has not been hel


UTI to take one more shot at listing, LIC remains on the fence

UTI Asset Management Company (AMC) will take one more shot at getting itself listed at a shareholders’ meeting in Mumbai on August 5.

UTI , LIC, UTI shareholders, ICICI Securities, AMC, finance ministry, Sunil Mehta , SBI, ICICI Prudential AMC , birla sun, Arundhati Bhattacharya, Punjab National Bank

Crop insurance: Pradhan Mantri Fasal Bima Yojana subsidy good for private insurers, but a drag on Centre

Thanks to generous government subsidy of up to 8% of the sum assured, private general insurance companies have participated in the revamped crop insurance scheme, Pradhan Mantri Fasal Bima Yojana (PMFBY), with as much or even

Crop insurance:, Pradhan Mantri Fasal Bima Yojana , agriculture sector

HDFC Life, Max Life merger: Amitabh Chaudhary says committed to deal

The deal was announced in August last year and at that time we had envisaged a particular structure for the deal. We thought that the structure passes the muster of the Insurance Act, we had even taken legal opinions from var

HDFC Life, Max Life merger, Amitabh Chaudhary. Amitabh Chaudhary news, Amitabh Chaudhary interview, HDFC news

Mutual funds: Should you buy a balanced fund; 3 profitable points to note

Balanced funds are ideal for first-time investors as they are less volatile compared to diversified equity schemes

Mutual funds: Should you buy a balanced fund; 3 profitable points to note

Irdai red-flags merger of HDFC Life & Max Life

Insurance Regulatory and Development Authority of India (Irdai) has raised objections to the merger between HDFC Standard Life and Max Life Insurance.

irdai, red flags merger, hdfc life max life merger, hdfc life merger, max life merger

WannaCry ransomware: India Inc fears fire over cyber crime; just 200 insurance policies sold in 5 years

Curiously enough for the internet age, Indian firms fear fire more than they do cyber crime!

Closer to listing, 2 insurers yet to finalise issue size

Participants from the insurance industry believe both the companies could collectively raise Rs 8,000- Rs 10,000 crore from their IPOs.

non-life insurance companies, General Insurance Corporation of India, GIC Re, IPOs, DIPAM, Nomura Financial Advisory & Securities, CCEA, Irdai

Mutual funds’ AUMs surge by Rs 4.7 lakh cr in Jan-Mar; ICICI Prudential AMC’s Nimesh Shah says ‘witnessing meaningful shift of retail investors to financial assets

Top fund houses continue to remain in a dominant position largely because of their brand value and strong performance of their equity schemes.

mutual funds, Indian mutual funds, ICICI Prudential MF, HDFC MF, Birla Sun Life MF, Reliance MF, Mutual Funds in India, equity schemes, SIP

Non-life insurance premium grows 32% to Rs 1.27 lakh cr in FY17 as PMFBY pays off

Insurance industry officials also believe that the 32% growth was largely due to the success of crop insurance.

At Rs 94,421 cr, net inflows into equity funds highest in 10 years

Net inflows into equity funds for the financial year 2016-17 stood at Rs 94,421 crore, the highest in last ten years.

Bond yields likely to remain range-bound with an upward bias: Dhawal Dalal, CIO, Edelweiss Asset Management Company

The RBI after the last policy, has clearly demonstrated that it would not compromise on price stability focus, as it does not prefer to sacrifice inflation for higher economic growth, says Dhawal Dalal, CIO-fixed income, Edel

FIIs buying spree in 2017 powers equities to near-lifetime highs; DIIs too get in on act

With foreign portfolio investors (FPI) buying close to $2 billion worth of equities in 2017 so far, the markets are hovering close to their lifetime highs, report Yoosef KP and Chirag Madia in Mumbai.

Keen to take over UTI AMC, LIC stalls listing plans

Life Insurance Corporation (LIC) continues to stall UTI AMC’s listing although three other PSU shareholders — State Bank of India (SBI), Punjab National Bank(PNB) and Bank of Baroda(BoB) — agreed to a broad-based listin

Infosys’ R Seshasayee says no ‘hush money’ paid to Rajiv Bansal; Vishal Sikka’s $11 mn pay courtesy high targets

Even as he tried to downplay differences between the Infosys board and the company’s founders, R Seshasayee, chairman of Infosys, on Monday asserted there had been no impropriety relating to the severance payout to former C

UTI AMC IPO gets green light from board; size of issue yet to be finalised

A broad agreement appears to have been reached on the issue of UTI Asset Management Company’s initial public offering and though the size of the issue has not been agreed on, the draft board resolution circulated to shareho

uti amc ipo
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