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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 will continue to see M&A deals, new entrants

Insurance industry will continue to see M&A deals, new entrants

[ad_1] Merger and acquisitions will continue to be a part and parcel of the insurance sector, which is a highly capital intensive sector and can accommodate new entrants with specialised skill sets having long-term vision. The past developments in this sector and recent decision of the Mumbai National Company Law Tribunal

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Future Generali offers health cover to LGBTQIA+, live-in partners

Future Generali offers health cover to LGBTQIA+, live-in partners

[ad_1] Future Generali India Insurance Company has launched a new health policy, which extends the definition of family to cover the LGBTQIA+ community and live-in partners. The company said its new policy, 'health absolute' is designed to customers to actively manage their health and lead a healthy lifestyle and

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IRDAI pitches for affordable health cover for everyone

IRDAI pitches for affordable health cover for everyone

[ad_1] Insurance regulator Tuesday made a strong case for reducing expenses to make health insurance affordable for everyone. Addressing the 'Health Insurance Summit 2022' here, Insurance Regulatory and Development Authority of India (Irdai) chairman Debasish Panda said that high operating and distribution costs, and hospital expenses as indirect costs could be

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Health insurance eating into PSU companies’ profits: CAG

Health insurance eating into PSU companies’ profits: CAG

[ad_1] State-run general insurance companies may have to raise the group health insurance premium to remain viable as the Rs. 43,000 crore market faces the prospects of state-run companies losing market share. Without a rise in health insurance premium, it could erode profits from other segments, said an audit of

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Airlines are struggling with lost and delayed bags: What to know and how to pack if you’re traveling this summer

Airlines are struggling with lost and delayed bags: What to know and how to pack if you’re traveling this summer

[ad_1] Tim Boyle | Getty Images News | Getty ImagesAir travel has been rocky this summer — and baggage problems factor among many other issues for travelers like flight cancellations and delays.Nearly 220,000 bags were "mishandled" by U.S. airlines in April 2022, meaning they were lost, damaged, delayed or stolen,

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30% of LGBTQ+ adults have experienced discrimination or exclusion from financial services, study finds

30% of LGBTQ+ adults have experienced discrimination or exclusion from financial services, study finds

[ad_1] Rainbow flags celebrate Pride Month in New York.Lev Radin | Pacific Press | LightRocket | Getty ImagesMembers of the LGBTQIA+ community are still struggling, in some instances, to access financial services that would help them manage their money.Some 30% of LGBTQIA+ adults have experienced bias, discrimination or exclusion in

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Bajaj Allianz Life Insurance declares bonus worth Rs 1,070 crore in FY22

Bajaj Allianz Life Insurance declares bonus worth Rs 1,070 crore in FY22

[ad_1] Bajaj Allianz Life Insurance on Thursday said it has declared a bonus of Rs 1,070 crore for its policyholders in the fiscal ended March 2022. The company has announced the bonus for the 21st consecutive year. The life insurer said those having participating policies which are in-force for 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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