Mumbai: With the government-backed digital insurance marketplace Bima Sugam set to debut in a few months, industry leaders expect it will be a game-changer for a crucial sector that’s vastly under-penetrated in India. At the Mint BFSI Summit and Awards 2025 in Mumbai on Friday, industry executives outlined the transformative potential of Bima Sugam, expecting…
Despite taking both life and health insurance policies, policyholders are suggested to opt for a critical illness rider. This is because it helps policyholders manage their finances well in case of an eventuality. Those who are not aware, a critical illness rider is attached to the life insurance policy and provides financial protection against life-threatening critical illnesses. This…
Mumbai: The Insurance Regulatory and Development Authority of India is considering a proposal to increase foreign direct investment in the insurance sector to 100% from 74% now, Deepak Sood, member of Irdai, said at the 17th edition of the Mint BFSI Summit and Awards on Friday. Allowing 100% FDI in insurance may not only open the…
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India and Israel are set to sign a Bilateral Investment Treaty (BIT) during the visit of Israel’s finance minister Bezalel Smotrich later this week, in what is being seen as a step towards laying the groundwork for a free trade agreement (FTA), according to sources.Smotrich will be in India from 8 to 10 September on…