IRDAI chief cautions insurers against predatory pricing
"I would like to give a word of caution here. Though your (insurance brokers) share is very high in group health insurance, the loss ratio in group health insurance is also very high. Probably, it is not very sustainable at present," he said at an event organised by Insurance Brokers Association of India.
Xiaomi plans premium push in India through Mi
Under the new strategy, Xiaomi, which has so far focussed mainly on the affordable segment to b...
ICICI Lombard General Insurance Q3 profit rises 23% to Rs 294 crore
Total income rose to Rs 2,798.90 crore as against Rs 2,416.39 crore in th...
IRDAI proposes to standardise, simplify policy wordings of health indemnity insurance policies
The objective of the guidelines on 'Standardization of General Clauses in Health Insurance Policy Contracts' is to standardise the common general clauses incorporated in indemnity based health insurance policies.
The Indian market is a very tough one for premium cigars because the taxes are so outrageous: Rocky Patel
“The Indian market is a very tough one for premium cigars because the taxes are so outrageous. The government does not differentiate between other tobacco products such as cigarettes and beedis which are addictive and very harmful and premium cigars which are luxury products, smoked occasionally and not inhaled,” Patel said.
Non-life insurers log 12% rise in premium at Rs 15,981 cr in Dec 2019
Of all the insurers, 25 general insurance firms reported a rise of 4 per cent in their combined premium during December at Rs 14,037.51 crore, as against Rs 13,502.48 crore in the year ago period.
‘Life insurers’ raising exposure to guaranteed return plans a long-term risk’
The trend of offering guaranteed products has been visible across the sector.
Life insurers may log strong new business
Life insurers such as ICICI Prudential, HDFC Life and SBI Life are set for a quarter of strong new business growth driven by increasing margin gains in protection business, expanding distribution network and robust premium even as some insurers may see increased stress in certain portfolios due to a slowing economy.
Banks, telcos, insurers may be exempted from GST e-invoices
Banks, airlines, insurance companies, armed forces and telecom service providers are likely to be exempted from mandatory issuing of e-invoices under goods and services tax (GST), said people aware of the matter.
Samsung’s premium focus could mean exit for many employees
The company hints at realignment of resources as it moves from entry-level phones and televisions. It has faced intense competition from Xiaomi, OnePlus, Vivo, Realme and Oppo in driving sales growth in India, where the Chinese brands continue to dominate the price-sensitive end of the consumer electronics market.
Standardised health insurance to help with portability: Tapan Singhel, Bajaj Allianz General Insurance
Liability insurance moving up very fast in times to come, says Singhel
Slump to hit increments but hot skills to command a premium
“The skill differentiation and the performance differentiation will be almost equal in terms of increments paid out,” said Anandorup Ghose, a partner at Deloitte. “There may be someone with a particular kind of machine learning skill who hasn’t had a great output this year.
Sachin Bansal buys DHFL General Insurance
Flipkart co-founder Sachin Bansal’s bet on the insurance firm is part of his broader ambition in financial services industry.
FM may announce second round of capital infusion for non-life insurers in Budget
The government infused Rs 2,500 crore in the three insurers -- National Insurance, Oriental Insurance and United India Insurance -- through first supplementary demands for grants for 2019-20 last month. However, these companies would require additional Rs 10,000-12,000 crore capital dose to meet the prescribed solvency margin, sources said.
Slowdown fails to halt premium SUVs’ run
The premium SUV market in India has bucked the trend in the overall passenger vehicle sales, growing by a third in the past year as consumers upgraded to large, feature-rich products like the MG Hector and Tata Harrier.
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