Wednesday, January 20, 2021

Insurance

Business

Financial sector players suggest ‘Aatmanirbhar bonds’, special tax breaks for insurance in upcoming budget

From asking government to issue tax free “Aatmanirbhar bonds” to retail investors in these pandemic times to allowing special tax breaks under Section...

IDBI Bank QIP to raise ₹6,000 crore opens

Our BureauThe Qualified Institutions Placement (QIP) committee of IDBI Bank’s board of directors has authorised the opening of the bank’s QIP issue on...

LIC allows online switching of Ulips

To help policyholders during the pandemic, the national life insurer LIC has allowed them to switch online funds under ulip policies through...

First-year premium for life insurers down 27% in November

First-year premium for life insurance companies declined in November by almost 27 per cent after months of positive growth, with both private sector...

Kotak shares valuable information for investors | Yes Bank, Bandhan Bank, Tata Power, FPIs, MFs

Kotak Institutional Equities highlights ownership Navigator, sequential changes in September 2020 quarter. The September 2020 quarter witnessed Rs 469 bn of buying by...

PRODUCT

Lower non-Covid health claims silver lining for general insurers

Faced with muted growth in premium and high Covid claims, general insurance companies are hopeful that lower number of non-Covid related health insurance...

Technology

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Insuretech

All about automation: A deep dive into automation for a great cause

All proceeds from the Appian-produced book will be donated to Black Girls Code, which provides...

UK’s Marshmallow raises $30M on a $310M valuation for more ‘inclusive’ car insurance – TechCrunch

When it comes to using algorithms and other formulae to determine what kinds of services you might offer to specific customers and at...

General News

Covid-19: Oman postpones collecting tourism tax till next year

MUSCAT: Oman has postponed the collection of tourism tax from hotels until the first quarter of next year, Minister of Tourism said on...

Exclusive: Indian Army destroys Pakistani Army posts along LoC

The Indian Army opened fire at the Pakistani troops while responding to an unprovoked ceasefire violation in Rajouri and Poonch sectors of Jammu...

China Dismisses European Union Report On COVID-19 Disinformation And Says, False Accusation

China said that they never relied on "disinformation" to improve their image (Representational)Beijing: Beijing dismissed on Thursday a European Union report charging China...

Supreme Committee takes decisions according to epidemiological data: Health Minister

Muscat: Dr Ahmed bin Mohammed al Saidi, Minister of Health, member of the Supreme Committee tasked with tackling developments resulting from Coronavirus (Covid-19)...

Church to adopt stern steps against Sr. Lucy

The authorities of St. Mary’s Province of the Franciscan Clarist Congregation (FCC) are adopting stern steps against Sister Lucy Kalappura, who had raised...

Hndi

Business News

INTERVIEW: All eyes on Starzplay as lockdown reaps rewards

Mazen Sheikh has had a good lockdown. The founder and CEO of Starzplay, the Middle East’s leading entertainment streaming channel, saw his business soar...

Photographs of those violating UAE’s Covid-19 precautionary measures published

The fines issued ranged from Dhs2,000 to Dhs10,000. Salem Al Zaabi, the acting director of the Federal Emergency, Crisis and Disasters Prosecution...

Law & Regulation

Cashless health insurance claim settlement for Covid-19 treatment: IRDAI issues new instructions

Insurance. Representational image. The Insurance Regulatory and Development Authority of India (IRDAI) has said that in case of cashless claims under a health...

The changing face of insurance distribution

Since the notification of the IRDA in 2002, which paved the way for banks in India to operate as corporate agents, bancassurance has...

Does Your Health Insurance Policy Cover Mental Illness? Here’s What Insurers Say

<!-- -->COVID-19 has not only affected the physical health of people, but also led to higher stress levels, anxiety and even depression across...

LIC’s value to be assessed by adviser: Govt – business news

The government, which is committed to disinvest a part of its equity stake in public sector Life Insurance Corporation of India (LIC), has...

Articles

Why investors are stuck with flawed VAR models

This is the third in a series of articles connected to our buy-side risk survey. Click here to read the rest of the...

How insurance firms can fulfill European retirement needs

More than 40 years of declining mortality rates in Europe combined with an aging population...

Why now is the time to stress-test your industrial supply chain

This article was a collaborative effort among Brian Anstey, Cengiz Bayazit, Yogesh Malik, Asutosh Padhi,...

LATEST ARTICLES

Insurance awareness, ownership show progress in Covid times: Max Life’s Survey

The ongoing pandemic situation has accelerated the knowledge and ownership of insurance in the country, and this is reflected in the findings of...

Expectations From Budget 2021 From Personal Finance Of A Common Man’s Perspective

<!-- -->A higher deduction under section 80C to avail tax deduction will be a welcome relief.An increase in the income tax bracket is...

7 reasons why your insurer is making you bear hefty medical bills

Some hospitals may charge more for expenses that are not a part of your health insurance policy. Thus, insurers may only settle claims...

IRDAI panel moots standard professional indemnity cover

One can soon expect a standard professional indemnity policy to provide cover to brokers, corporate agents, web aggregators, and insurance marketing firms.An expert...

Bajaj Allianz Life strengthens agency channel

Bajaj Allianz has 1,07,979 insurance agents pan India with average ticket size at Rs 63,165. Bajaj Allianz Life Insurance recruited 15,000 agents between...

Your opportunity to invest in Health, Wealth and Life cover, under one single plan

Every year, come January, it is a wise practice to re-evaluate our financial plan, making sure all our insurance policies are in place...

biiggbang amusement: Biiggbang Amusement to launch OTT service for short-format films

MUMBAI: Entrepreneur Sudip Mukherjee and Shrikant Agrawal have joined hands to launch a video streaming service, Biiggbang Amusement, which will only offer short-format...

Business Live: Stocks drop; China economy grows 2.3% in 2020 as rebound from coronavirus gains

The benchmark stock indices opened the day on a  negative note, with volatility shooting up this morning.Join us as we follow the top...

Most Popular

Insurance awareness, ownership show progress in Covid times: Max Life’s Survey

The ongoing pandemic situation has accelerated the knowledge and ownership of insurance in the country, and this is reflected in the findings of...

Expectations From Budget 2021 From Personal Finance Of A Common Man’s Perspective

<!-- -->A higher deduction under section 80C to avail tax deduction will be a welcome relief.An increase in the income tax bracket is...

7 reasons why your insurer is making you bear hefty medical bills

Some hospitals may charge more for expenses that are not a part of your health insurance policy. Thus, insurers may only settle claims...