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India’s insurance sector has increasingly become a soft poaching ground for e-commerce, quick commerce, and logistics firms, which are hiring aggressively ahead of the festive season in anticipation of a sales surge following last week’s goods and services (GST) rate cuts. The insurance industry experiences very high attrition rates at junior levels, as its young…
Edme Insurance Brokers Ltd (formerly Aditya Birla Insurance Brokers Ltd) has acquired the Indian operations of London-based UIB Group in a strategic initiative to strengthen its value proposition. UIB Group is a privately owned international insurance and reinsurance broker. Its Indian operation, UIB Insurance Brokers (India) Pvt. Ltd, extends the group’s operations to India. Edme’s…
The richest Ganesh mandal of Mumbai GSB Seva Mandal has bought an insurance cover of ₹474.4 crore this year. The increase in cover is because of the higher value of gold and silver ornaments adorning the Ganesh idol besides larger number of volunteers. Notably, the mandal had taken an insurance policy worth ₹400 crore last…
With floods wreaking widespread havoc in various parts of the country, inundating large cities such as Mumbai, a comprehensive motor insurance policy alone can save you from losses arising from damage to your vehicles due to such natural calamities. The basic third-party insurance offers protection only if your car causes damage to somebody else. If…
Heavy rains have lashed several parts of India, triggering flashfloods and water-logging in multiple cities. These floods not only disrupt daily movement but can also cause severe damage to vehicles. Among the most affected regions are Maharashtra, Himachal Pradesh, Punjab and Jammu & Kashmir, where continuous downpour has impacted human lives, damaged infrastructure and left…
The Centre has removed GST on all individual life insurance policies, whether term life, ULIP or endowment policies and subsequent reinsurance; and on family floater policies and policies for senior citizens and reinsurance thereof, from September 22, 2025, onwards. The move, announced by Finance Minister Nirmala Sitharaman, is aimed at reducing entry barrier price for…
The Goods and Services Tax (GST) Council, after its 56th meeting on 4 September 2025, announced a GST exemption on all health and life insurance premiums as part of the central government’s indirect tax rationalisation move. The industry has welcomed this step even though the risk of a higher premium looms due to the losses…
Patient’s cashless claim of ₹61 lakh denied for policy worth ₹2.40 crore? That’s what insurance advisor Avigyan Mitra has alleged against Niva Bupa Health Insurance, in a post on professional networking site LinkedIn. The company on its part has denied the allegations as “baseless”, and stated that they have paid ₹22.72 lakh to the policyholder,…
नई दिल्ली7 घंटे पहले कॉपी लिंक देश के मुख्य आर्थिक सलाहकार वी. अनंत नागेश्वरन (फाइल फोटो)। अमेरिकी राष्ट्रपति डोनाल्ड ट्रम्प के 50% टैरिफ से इस साल भारत की GDP ग्रोथ 0.50% तक कम हो सकती है। ये बात देश के मुख्य आर्थिक सलाहकार वी. अनंत नागेश्वरन ने कही। ब्लूमबर्ग टीवी को दिए इंटरव्यू में नागेश्वरन…
नई दिल्ली7 घंटे पहले कॉपी लिंक भारत सरकार ने जून 2020 में नेशनल सिक्योरिटी का हवाला देते हुए टिकटॉक समेत 59 चीनी एप्स पर बैन लगाया था। IT मिनिस्टर अश्विनी वैष्णव ने कहा कि भारत में पॉपुलर शॉर्ट वीडियो एप टिकटॉक पर लगा बैन हटाने का कोई प्लान नहीं है। मनीकंट्रोल को दिए एक इंटरव्यू…
