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India tag returned 824 results

  • India: Commerce federation calls for raising FDI ceiling in insurance to 74%

    The government needs to raise the ceiling on foreign direct investments in the insurance sector in order to attract overseas investments, the Federation of Indian Chambers of Commerce and Industry (FICCI) said yesterday.

    Asia | 14 Jun 2019
  • India: May auto sales see biggest dip in 18 years

    The total number of passenger vehicles sold in May stood at 239,347 units, 20.6% lower than the corresponding month in 2018, making the decline the biggest since September 2001 when sales dropped by 21.9%.

    Asia | 13 Jun 2019
  • Smile on wheels

    GIC Re, India's national reinsurer, has partnered with leading NGO, Smile foundation to provide mobile health care facilities for urban slum dwellers in Mumbai city and in other small towns across the country.

    AIRPlus | 12 Jun 2019
  • Big things come in small packages

    India's largest private non-life insurer ICICI Lombard General Insurance is planning to roll out insurance in sachets. The company is working with e-commerce players, wallet companies and payments and small finance banks for this purpose.

    AIRPlus | 12 Jun 2019
  • India: Agents are still preferred mode of insurance purchases

    More than half (55%) of Indian customers still prefer to buy insurance products from agents/brokers, with the conversion rate from the online mode standing at just around 4%, according to a survey by the international professional services firm PwC.

    Asia | 12 Jun 2019
  • India: Plans to merge state-owned insurers to get a boost post-elections

    The Indian government's ambitious plan to merge three of the four state-owned non-life insurers is likely to be put on fast track as the government begins its second term.

    AIRPlus | 11 Jun 2019
  • India: Frequency and duration of heat waves forecast to increase

    The frequency of heat waves and their duration in India may begin to increase from as early as 2020, says a study by the Indian Institute of Tropical Meteorology (IITM), even as the large swathes of the country are currently sweltering in heat waves with temperatures exceeding 45°C.

    Asia | 11 Jun 2019
  • India: Capital boost expected for govt-owned general insurers on Budget Day

    The government is likely to announce a capital injection of about INR40bn ($576m) into three state owned general insurance companies when the first full-fledged Budget of the newly re-elected Modi government is scheduled to be presented in Parliament on 5 July.

    Asia | 10 Jun 2019
  • India: Hikes in motor premium rates to take effect on 16 June

    The IRDAI has increased the third party (TP) motor insurance premium for small and medium private cars with a capacity of up to 1500cc by 12-12.5%, with the new rates taking effect on 16 June.

    Asia | 07 Jun 2019
  • Huge mandate bodes well for agriculture insurance

    The Pradhan Mantri Fasal Bima Yojana (PMFBY) or prime minister's agriculture insurance scheme launched by the Indian government in early 2016 is likely to be revamped and made farmer friendly.

    AIRPlus | 06 Jun 2019

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