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IRDAI chief gives tips to make Indian insurance market largest

IRDAI chief gives tips to make Indian insurance market largest

[ad_1] He was speaking at a sector exclusive forum to discuss 'Investing into India's burgeoning Insurance Ecosystem', here organised by the Indian Venture & Alternate Capital Association (IVCA), the apex industry body for alternative assets. "The market (insurance) size is estimated to reach USD200 bn by FY '27 at the

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Insurance industry seeks cut in GST, increase in 80C investment limit in Budget 2022

[ad_1] The insurance industry is recovering from an extraordinary year in which life insurance claims surged due to the Covid-19 pandemic. The surge in claims and the attendant payouts that both life and medical insurance companies faced this fiscal has led to a steep 30% rise in premiums as reinsurers

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Travel in 2022: Is it time to plan those big trips abroad?

[ad_1] Reynisfjara is a world-famous black-sand beach located on the south coast of Iceland.Luis Cagiao Photography | Moment | Getty ImagesIceland has been a focal point of my wanderlust for the better part of two years.The country is a dreamscape of natural beauty: the black sands of Reynisfjara, towering icebergs

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Insurance is a ‘core need’ for India’s middle class, says PB Fintech CFO

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailAlok Bansal, CFO and Whole-time Director of PB Fintech explains the pressing need to insure India's vast middle class as the online insurance platform lists in India. [ad_2] Source link

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We’re disrupting traditional health insurance by adding a layer of preventive care: Mayank Kale, Loop Health

[ad_1] Before starting Loop Health, Mayank Kale worked on creating digital health records for patients. During that period, he uncovered a basic misalignment in fee-for-service healthcare systems: physicians are paid to treat patients when they are sick, not to keep them healthy. Mayank Kale, CEO & founder of Loop Health,

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Comprehensive insurance cover may make new vehicles costlier by up to 10%

[ad_1] Purchasing new vehicles could cost up to 10% more in the coming months as India’s insurance industry — on the back of an order by Madras High Court last week — is being forced to revamp policy designs and existing risk models of motor covers. As per a Madras HC

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Life insurers record new premium growth for second straight month in August

[ad_1] Mumbai: India’s life insurance industry continued to see growth in new business premiums (NBP) in August for the second straight month. These companies had suffered four consecutive months of business contraction since the lockdown began late March. NBP is the premium acquired from new policies for a particular year. The industry

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Insurers lobby for federal pandemic insurance program

[ad_1] One look at the numbers, and the problem is clear. U.S. businesses are losing an estimated $1 trillion a month as businesses are disrupted due to the coronavirus pandemic, according to estimates by the American Property Casualty Insurance Association. Yet, insurers collect only $4.5 billion a month for all

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