Insurance

GST Council recommends removal of arrest provisions, other reforms

Next-Gen reforms made as per recommendations of the GST Council in its 56th meeting last year had focussed on rate rationalisation and reduction of...

AI-related investment support global economic activity: RBI

However, it warned that the downside risk also originates from potential sharp corrections in AI-related asset valuations which pose contagion risks to global financial...

Reactions to RBI Monetary Policy

“This move is aimed at anchoring inflation expectations while maintaining macroeconomic stability. Although the increase in the repo rate will play some part in...

India’s Insurance Renaissance

Premiums Rise, Penetration Declines in FY 2023-24 As of the fiscal year 2023-24, India's insurance market has demonstrated robust growth. The total insurance premium increased...

Insurance: Focus on customer and their rights…

GST clarification-a relief for insurers The GST Council took a decision not to levy tax on insurance premium and reinsurance commission, retrospectively. Co-insurance is an...

Insurance Round Up – Changes favouring customers…

Major changes have happened in the insurance sector. While some bring cheer to the retail sector, few favour with the corporates. Till 2006, the insurance...

Insurance – Predatory practice to lure customers

Insurance sector has been under the scrutiny of government agencies for some time now. First the GST authorities raised a huge demand running into...

Insurance – Will the consumer be protected from influence?

Unlike other sectors, insurance is considered to be a field where there has to be strong regulations to protect policyholders. Despite this, policyholders are...

Tech and sustainability will be differentiators

Benefitting from the China plus one, Atmanirbhar Bharat, Make in India and PLI schemes, Indian manufacturing is through a golden streak. With global companies...

Global Turmoil will shape insurance – KB Vijay Srinivas, retired director and holding joint additional charge as CMD of United India Insurance Company

Insurance mainly depends on the performance of trade and economy. World over, times have not been good. As the sector is tied with trade...

Arbitration dilemma and an internal ombudsmen

In 2022, insurance disputes accounted for a significant 27 per cent of cases in consumer courts, revealing the pervasive challenges within the industry. Out...

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GST Council recommends removal of arrest provisions, other reforms

Next-Gen reforms made as per recommendations of the GST...

AI-related investment support global economic activity: RBI

However, it warned that the downside risk also originates...

Reactions to RBI Monetary Policy

“This move is aimed at anchoring inflation expectations while...

Rate Cuts are off the table: RBI Governor

The Monetary Policy Committee (MPC) of RBI on Wednesday...

Rising inflation leaves little option for RBI

With central banks across the globe hiking the interest...