
IRDAI exploring flexible, DIY insurance products: Debasish Panda
IRDAI is working with companies in the health insurance sector to ensure 100% cashless settlements for medical expense claims
IRDAI is working with companies in the health insurance sector to ensure 100% cashless settlements for medical expense claims
After the proposed transaction, Max Financial Services, which is the holding company of Max Life, will have an 80.98% stake in the insurance firm.
The base premium rates for motor third-party insurance cover have been proposed at ₹2,094 for private cars below 1,000 cc.
The country’s largest life insurer posted 447% growth in consolidated net profit at ₹13,191 crore as compared to ₹2,409 crore in the same quarter of last year.
Shares of Aditya Birla Capital rose as much as 1% to ₹149.10 on the National Stock Exchange (NSE).
The fundraising comes at a time when startups have been reeling under a funding winter.
Finance Minister Nirmala Sitharaman reduced the tax exemption limit on high-value insurance policies.
PhonePe plans to invest in new businesses, including insurance, wealth management, and lending.
The new concessional tax regime will become attractive for the tax payers if income up to ₹5 lakh annually is exempt from taxation, says EY India.
How much sum assured to opt for, which insurer to select, how to buy, and what information to declare to insurers are some basic questions one should ask.