Thu, Feb 20, 2025
According to a report by ICRA released on Wednesday, the growth in sum assured in the retail segment is expected to continue to outpace the growth in new business premiums. Private insurers have seen a 41% year-on-year increase in retail sum assured during the first nine months of FY2025, compared to a 30% increase in FY2024. This is much higher than the 17% growth in new business premiums, which was 7% last year.
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Wed, Feb 19, 2025
Private insurers saw a surge in retail sum assured by 41 per cent YoY in 9M FY2025 (30 per cent in FY2024), higher than the retail NBP growth of 17 per cent (7 per cent in FY2024).
Tue, Feb 04, 2025
Moreover, Moody's believes that the reduction in personal income tax will have positive trickle-down effects for the insurance sector.
Wed, Apr 20, 2022
The Defence Ministry on Wednesday said it had set aside 64 percent of the capital acquisition budget for domestic industry in the financial year 2021-22 and has been able to 'over achieve' the targ
Tue, Dec 10, 2019
The government may increase the overseas insurance investment cap to 74 percent in the February budget, now up from 49 percent, probably paving the way for foreign control of companies. What this video to know more:
Thu, Jan 18, 2018
Brokerage Edelweiss Securities noted the move would raise the probability of inclusion in MSCI and higher weights for private banks, which were near the FII threshold limit.
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