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insurance sector

Patanjali Group Enters Insurance Sector,To Acquire Magma General Insurance for ₹4500 Cr

Patanjali Group Enters Insurance Sector,To Acquire Magma General...

Mon, Mar 17, 2025

Patanjali Group enters the insurance sector, will buy Magma General Insurance, deal will be done at a valuation of ₹4500 Cr, what is Jefferies' opinion on Patanjali Foods, what are the targets for Patanjali Foods? Know the full details.

‘A CIBIL-like system…’: What insurers seek to make India’s ‘Insurance for All 2047’ dream a reality

‘A CIBIL-like system…’: What insurers seek to make India’s ‘Insur...

Thu, Mar 06, 2025

The Government of India has set a target of ‘Insurance for All by 2047’, aiming to provide health insurance coverage to every citizen. However, insurers want one thing to bring India’s insurance penetration at par with developed countries: A CIBIL-like system for the insurance space. Read on to learn more about this story.

Good news, insurance buyers! Proposed 12x increase in free-look period may help you pick best policy—and patiently

Good news, insurance buyers! Proposed 12x increase in free-look p...

Tue, Feb 18, 2025

Experts say this is a significant move that can boost competition in the country’s insurance space while enabling customers to course-correct after picking a policy in a hurry. On Monday, Finance Minister Nirmala Sitharaman said that the government had directed private sector insurance companies to extend this period to one year from one month.

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Looking for the best term insurance plan? How to find it in 2024

Looking for the best term insurance plan? How to find it in 2024

Mon, Oct 21, 2024

Investing in term insurance plans is one of the smartest ways to ensure your loved one's financial stability. Especially in the present times, when the inflation rate has been increasing fast, managing your finances for a secure future is the need of the hour. Thus, most people are now drawn towards purchasing a term insurance plan.

JP Morgan's Latest Report On Insurance Sector: Best Insurance Stocks to Watch

JP Morgan's Latest Report On Insurance Sector: Best Insuran...

Tue, Jul 02, 2024

JP Morgan report on the insurance sector. What are JP Morgan's favorite insurance stocks? Which is JP Morgan's top pick in insurance? Know complete details from Varun Dubey.

Big News for Insurance Industry in the Upcoming Budget!

Big News for Insurance Industry in the Upcoming Budget!

Thu, Jun 27, 2024

There may be a big announcement in the budget for the insurance sector. You can get discount for selling both general and life insurance policies – Sources. Know complete details in this video

Insurance sector may see further listing, M&A activity in coming months: Moody's report

Insurance sector may see further listing, M&A activity in com...

Wed, Jan 17, 2024

Indian insurers' favourable growth prospects have encouraged the sector to raise capital, outweighing the adverse impact of their weak underwriting profitability, Moody's said in a report. In FY23, the sector's paid capital rose to Rs 75,300 crore from Rs 73,400 crore a year earlier, an increase of 2.6 per cent.

Pradhan Mantri Jan Arogya scheme: 6.14 crore Ayushman cards issued, over one crore hospital admissions authorised for senior citizens

Pradhan Mantri Jan Arogya scheme: 6.14 crore Ayushman cards issue...

Mon, Dec 11, 2023

Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) is a public health insurance scheme aimed at ensuring free access to health insurance for low income individuals in the country.

Insurance Sector Q4 Results Preview: How Will Be The Results Of Insurance Sector? Watch Here

Insurance Sector Q4 Results Preview: How Will Be The Results Of I...

Thu, Apr 13, 2023

Insurance companies are in focus. How will be the performance of insurance companies in the fourth quarter? What does the forecast say before the results? Know full details from Varun Dubey.

Insurance sector needs Rs 50,000 crore capital per year: Irdai

Insurance sector needs Rs 50,000 crore capital per year: Irdai

Fri, Jan 20, 2023

It can be noted that the insurance sector is a very competitive industry, with nearly two dozen life insurance companies and over 30 non-life ones. The overall penetration for insurance is 4.2 per cent as of FY21-end.

Union Budget 2023: Insurance sector set to witness major changes – Check Key Details Here

Union Budget 2023: Insurance sector set to witness major change...

Mon, Jan 02, 2023

The insurance sector in India is likely to witness some major changes this year. Experts believe that legal and regulatory changes proposed/made will have far-reaching impact.

Budget 2023: Insurance sector set to witness major changes - key details

Budget 2023: Insurance sector set to witness major changes - key...

Mon, Jan 02, 2023

Budget 2023: According to the report, the Budget Insurance Amendment Bill can be introduced in the upcoming Budget Session of Parliament which is being prepared by the Department of Financial Services (DFS) in collaboration with the Insurance Regulatory and Development Authority (IRDA).

Insurance regulator in talks with government for relaxation of Rs 100-crore entry capital for insurers: IRDAI Chairman

Insurance regulator in talks with government for relaxation of Rs...

Sun, Nov 06, 2022

Doing away with the minimum capital requirement of Rs 100 crore would allow entry of small, specialised and niche players, which would help in increased insurance penetration and density in the country.

Hiring in India IT sector slows down 18% in October

Hiring in India IT sector slows down 18% in October

Tue, Nov 01, 2022

The insurance sector in India continued to witness phenomenal growth due to an increase in demand for professionals across experience bands. The sector registered a significant growth of 93 per cent (year-on-year).

Non-life insurers register 12% rise in gross direct premium income at Rs 24,472 crore in August: Irdai

Non-life insurers register 12% rise in gross direct premium incom...

Fri, Sep 23, 2022

Non-life insurers registered a 12 per cent yearly growth in their gross direct premium income during August this fiscal at Rs 24,471.95 crore, data from insurance sector regulator Irdai showed.

Why is insurance sector attractive destination for investment? ICICI Prudential CEO NS Kannan explains

Why is insurance sector attractive destination for investment? IC...

Tue, Sep 13, 2022

Presenting India's case in terms of ease of doing business, he said post liberalisation, foreign direct investment in the insurance sector was raised from 26 per cent to 49 per cent in 2015 and further to 74 per cent in 2021.

Exclusive: Good news for insurance policyholders: Soon you can change agent - IRDAI mulls introducing portability option

Exclusive: Good news for insurance policyholders: Soon you can ch...

Mon, Sep 12, 2022

Zee Business Special Correspondent Anurag Shah said that if policyholders are not happy with the service of an insurance agent, in the existing policy, they may get an option to change their agent.

What would trigger the growth of insurance markets in India – analyst highlights 6 key factors

What would trigger the growth of insurance markets in India – ana...

Sun, Sep 11, 2022

Penetration in the life insurance industry in India is at 3.2%, at par with the global average of 3.3%. For the non-life sectors the figure is very low at just 1 percent as against the global average of 4%.

Planning to buy life insurance policy? Must consider these POINTS - Your checklist

Planning to buy life insurance policy? Must consider these POINTS...

Fri, Jul 22, 2022

Before you buy a life insurance policy, it is necessary to equip yourself with some basic understanding of insurance plans to help yourself identify a perfect plan that fulfills your needs.

Irdai relaxes capital requirement to encourage more insurers to participate in PMJJBY

Irdai relaxes capital requirement to encourage more insurers to p...

Fri, Jun 03, 2022

The Insurance Regulatory and Development Authority of India (Irdai) on Friday relaxed capital requirement for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).

EASE 4.0: Govt will continue to have minimum stake in insurance sector; employees' interests to be protected during privatisation, says FM Nirmala Sitharaman

EASE 4.0: Govt will continue to have minimum stake in insurance s...

Wed, Aug 25, 2021

Union Finance Minister Nirmala Sitharaman while answering a question asked by Zee Business during the review meeting of public sector banks in Mumbai said that the insurance sector is a strategic sector of great importance and the government will continue to have minimum stake in it.

Insurance sector has high expectations from upcoming 'Budget 2020-21'

Insurance sector has high expectations from upcoming 'Budget...

Wed, Dec 18, 2019

Insurance sector has high expectations from upcoming 'Budget 2020-21'. Bajaj Allianz MD mentioned the expectations of reduction in GST rates for Insurance sector in exclusive talks with Zee Business. #GST #InsuranceSector #BajajAllianz

Mumbai: ASSOCHAM innaugurates global insurance summit

Mumbai: ASSOCHAM innaugurates global insurance summit

Sat, Dec 07, 2019

In Mumbai ASSOCHAM innaugurates global insurance summit for expansion of insurance sector across the country.

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