LIC to to stop sale of Jeevan Akshay
Life Insurance Corporation of India will stop selling the popular annuity product Jeevan Akshay from next month, as falling interest rates has made it impossible to sustain returns at the…
Impact of Healthcare Acquired Infections on Length of Stay and Treatment costs
Abstract Healthcare-associated infections (HCAI) are infections that patients acquire during the course of receiving treatment for other conditions within a healthcare setting. HCAI are preventable complications occurring with varying but…
Uninsured depositors likely to get preference over other creditors
A proposed Financial Resolution and Deposit Insurance Bill (FRDI), which is aimed at orderly resolution of bankruptcies in the financial services sector, includes a special high-risk deposit instrument, regulatory supervision…
Finance Ministry confirms LIC’s Rs. 1.5L-crore railway funding
Life Insurance Corporation of India can now go ahead with its proposed Rs 1.5 lakh crore funding of the Indian Railways, with a finance ministry clarification effectively nullifying the Irda’s…
IRDAI panel to review norms for investment in Government Bonds
Insurance Regulatory and Development Authority has constituted a committee for reviewing norms that require 50% of the funds mobilised from traditional life policies to be invested in government bonds. According…
High Court issues notice to Centre for interest payable in accident claims
The Bombay High court has issued notice to the attorney general seeking the Centre's response on a petition challenging tax on interest paid on compensation to accident victims. The direction…
Crop Insurance cover third largest segment
Crop insurance has emerged as the third-largest line of business for the insurance industry, after motor and health, contributing 16 per cent of its total general insurance premium of Rs.1,28,000…
Bajaj Allianz`s launches ‘Pro-fit’ platform
Bajaj Allianz General Insurance has launched 'Pro-fit', a platform that will act as a one-stop solution to all the health-record tracking needs of customers. Pro-Fit is available on the company's…
Reliance General Insurance IPO gets SEBI nod
Reliance General Insurance Company, said it has received markets regulator Sebi's go ahead to float an initial public offering. The IPO comprises fresh issue of little over 1.67 crore shares…
Insurance Company to pay claim even if accident is abroad: High Court
The Punjab and Haryana High court has ruled that if a vehicle registered and insured in India meets with an accident in another country, the insurance company would be liable…