Thursday, February 25, 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

This insurtech alleges its venture backer founded and funded a copycat: a founder’s “nightmare”

Relationships can be messy, including between startup founders and their venture investors. But in a case that takes messy to an extreme, an...

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...

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

Axis Bank Gains Over 3% On Getting Nod For Stake Purchase In Max Life Insurance

<!-- -->At 10:00 am, the shares of Axis Bank were trading higher by 3.61 per cent on the BSEAxis Bank shares gained more...

IRDAI approves Axis-Max Life deal

The Insurance Regulatory and Development Authority of India (IRDAI) has approved ’s proposal to acquire 12% stake in Max Life along its subsidiaries...

Nihar N Jambusaria elected ICAI President

The CA Institute appointed its new President Nihar N Jambusaria on Friday. He has been elected as President of the Institute of Chartered...

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

Irdai notifies guidelines for standard personal accident insurance

The Insurance Regulatory and Development Authority of India (IRDAI) has directed all general and health insurance companies to mandatorily offer a...

Max Life Insurance achieved highest claim settlement ratio of 99.22% in 2019-20

Max Life Insurance on Thursday said it has settled individual claims worth over ₹562 crore in 2019-20, and attained a...

Chhattisgarh Naxal violence | Fifty four security personnel died in two years, 120 ultras killed

The details were given by State Home Minister Tamradhwaj Sahu in a written reply in the Assembly, while responding to a question raised...

LIC IPO: LIC IPO process has begun, all structures put in place, says MD

The Indian equity market is in for some very good times henceforth, says Vipin Anand, MD, LIC. Do you really see the rally continuing...

Private Banks Can Get Govt Business, Embargo Lifted, Says FM Sitharaman

The Centre has lifted the restrictions on the grant of government businesses to private banks, Finance Minister Nirmala Sitharaman announced...

Edelweiss General Insurance ties up with Okinawa Autotech

Edelweiss General Insurance (EGI) has joined hands with Okinawa Autotech Pvt Ltd, electric two-wheeler manufacturer, to offer e-bike insurance to its...

Axis Bank Gains Over 3% On Getting Nod For Stake Purchase In Max Life Insurance

<!-- -->At 10:00 am, the shares of Axis Bank were trading higher by 3.61 per cent on the BSEAxis Bank shares gained more...

Max Financial Stock Hits A Record High As Analysts Up Targets After Axis Deal

Shares of Max Financial Services Ltd. jumped to a record high as analysts raised price targets after the insurance regulator approved Axis entities’...

Most Popular

Irdai notifies guidelines for standard personal accident insurance

The Insurance Regulatory and Development Authority of India (IRDAI) has directed all general and health insurance companies to mandatorily offer a...

Max Life Insurance achieved highest claim settlement ratio of 99.22% in 2019-20

Max Life Insurance on Thursday said it has settled individual claims worth over ₹562 crore in 2019-20, and attained a...

Chhattisgarh Naxal violence | Fifty four security personnel died in two years, 120 ultras killed

The details were given by State Home Minister Tamradhwaj Sahu in a written reply in the Assembly, while responding to a question raised...