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India Archive

India: Regulator eases non-public coincidence insurance coverage laws for vehicle house owners

The insurance coverage regulator has introduced that automobile and two-wheeler house owners can substitute their bundled obligatory non-public coincidence (CPA) duvet on expiry with a standalone one beginning 1 January 2019. Source hyperlink

India: Number of rich other people to increase to > 500Ok in 5 years

The collection of rich Indians is expected to upward thrust by means of 87% over the following 5 years to 529,940 other people, consistent with a learn about by means of IIFL Wealth Management and Wealth-X. Source hyperlink

Militants kill 4 police in Kashmir

Suspected rebels attacked a police submit in Indian-administered Kashmir Tuesday killing 4 officials, police stated, two days after squaddies killed two teenage rebels within the restive territory. In the most recent incident of the area’s bloodiest year since 2009, the …

Over US$800m sought to spice up solvency ratios of three state-owned insurers

The Department of Financial Services is looking for a capital infusion of INR60bn ($826m) within the 3 to-be-listed state-owned non-life insurers to shore up their vulnerable solvency place. The Department made the request for the budget in a letter to …

India: Top exec urges selling insurance coverage by means of loans

Making insurance coverage obligatory by means of mortgage connected merchandise is a certain approach to spice up insurance coverage penetration in India, says IndiaFirst Life Insurance managing director and CEO Ms R.M. Vishakha. Source hyperlink

Local non-public reinsurer dealt a blow

The insurance coverage regulator has rejected India-born Canadian billionaire investor Prem Watsa’s proposal to procure India’s simplest local reinsurer, ITI Reinsurance. The IRDAI’s determination was once made on account of some basic factor that may violate the current laws, reported …

Draft laws suggest decrease capital for insurance coverage advertising and marketing companies

The insurance coverage regulator has proposed to loosen up laws for the registration of insurance coverage advertising and marketing companies (IMFs) with an intention to making improvements to insurance coverage penetration within the nation. In June, the IRDAI had shaped …

UK automotive gross sales fell round three p.c in November – initial knowledge

FILE PHOTO: New Land Rover vehicles are noticed in a car park on the Jaguar Land Rover plant at Halewood in Liverpool, northern England, September 12 , 2016. REUTERS/Phil Noble/File Photo LONDON (Reuters) – British new automotive gross sales dropped …

India: Regulator could liberalise obligatory auto insurance coverage pricing in 2020

The insurance coverage regulator has indicated that it will stop surroundings price lists for obligatory motor 3rd celebration legal responsibility (MPTL) insurance coverage with impact from the fiscal year beginning 1 April 2020. Source hyperlink

India: Bosses glance past bodily well-being in their workers

Two thirds (66%) of employers in India have already evolved, or are creating, a rigidity or psychological health technique for his or her workers and an extra 17% are bearing in mind it through 2021, in step with a learn …