Can LIC stock prove to be a good long-term bet?
LIC made a less than expected debut on bourses as the stock listed at a discount, hurting all categories of IPO investors. LIC shares listed at Rs 867.20, a discount…
LIC listing to boost transparency, and its credit profile
As a listed company, LIC will face more demanding disclosure requirements, resulting in increased transparency over its operations, and encouraging it to prioritize profitable underwriting and risk management, Moody's Investor…
Third-party motor insurance premium hiked w.e.f June 1: Check electric vehicle premium rates
The Centre approved the revised base premium rates for third-party motor vehicle insurance on Wednesday. From June 1, 2022, these new rates will come into effect. These rates were last…
IRDA increases investment limit in BFSI sector
The Insurance Regulatory and Development Authority of India (IRDAI) has increased the investment limit by insurance companies to invest in the financial sector to 30% from 25% freeing up more…
Motor insurers asked to stop ads displaying services not part of cover
IRDAI has asked motor insurance providers to discontinue advertisements showing services, like free pick up and drop of vehicle, which are not part of the insurance cover. General insurance companies…
Call to set up unemployment insurance fund
Companies should consider building an unemployment insurance fund during periods of economic boom, which could be utilised to financially support workers up to a limited period after retrenchment, according to…
IRDAI moots ‘combi micro insurance’ product
A panel on Micro Insurance (MI) - constituted by the IRDAI - has suggested introduction of a Combi MI product. "There is a case to have a Combi MI product…
IRDAI douses ‘Burning Cost’, premiums may fall for Corporates
IRDAI has stated that 'Burning Cost' can't be quoted by basic insurers as a 'mandated minimum rate' to cost premiums to prospects. The new notification by IRDAI on the position…
Govt’s flagship insurance schemes subscribers growing
The Centre's flagship life insurance scheme - Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and accidental insurance scheme, Pradhan Mantri Suraksha Bima Yojana (PMSBY) - have seen enrollments rise to…
AI takes Rs. 60000 crore cover for fleet at Rs. 266 crore premium
Air India, has taken a Rs. 60,800 crore ($8 billion) cover for Air India by paying Rs. 266 crore premium to insurance companies, including Tata AIG General Insurance. The airline…