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India tag returned 2150 results

  • India: Insurer launches Sustainable Equity Fund

    Bajaj Allianz Life Insurance has launched its Sustainable Equity Fund for investors to promote investments in companies that are socially responsible and have been evaluated on Environment (E), Social (S), and Governance (G) factors. The fund will be made available in relation with the insurer's flagship unit-linked insurance plans.

    Asia | 07 Feb 2023
  • India: Finance Minister says insurance penetration will be unaffected by proposed tax on high-premium policies

    Finance Minister Nirmala Sitharaman has said that the Budget proposal to remove tax benefits for income from high-value insurance policies will not impact insurance penetration in India.

    Asia | 06 Feb 2023
  • India: Around 20% health insurance policyholders unaware of basic policy terms

    In India, one in five health insurance policyholders is unaware of basic policy terms despite purchasing the policy on their own according to a new insurance literacy survey by ICICI Lombard Insurance.

    AIRPlus | 02 Feb 2023
  • India: Union Budget to cap tax exemption on life insurance maturity benefits

    Finance Minister Nirmala Sitharaman, in her annual Union Budget speech yesterday, proposed to provide that where the aggregate of premiums for life insurance policies (other than unit-linked insurance policies [ULIPs]) issued on or after 1 April 2023 is above INR500,000 ($6,115), income from only those policies with an aggregate premium up to INR500,000 shall be exempt from income tax.

    Asia | 02 Feb 2023
  • India: Pandemic boosts non-life sector

    Government initiatives in the insurance sector and measures to improve financial inclusion have driven insurance adoption across segments in India according to the Economic Survey 2022-23 presented to the Indian parliament on 31 January 2023.

    AIRPlus | 01 Feb 2023
  • India: Insurance penetration boosted by government programmes

    Insurance adoption and penetration in India increased largely due to government schemes and financial inclusion initiatives, according to the "Economic Survey 2022-23" tabled in the Parliament yesterday.

    Asia | 01 Feb 2023
  • India: LIC to review Adani Group's response to allegations of stock manipulation

    State-run Life Insurance Corporation (LIC), India's largest insurer, is reviewing Adani Group's response to scathing criticism by a US short-seller and will hold talks with the group's management within days, reported Reuters.

    Asia | 31 Jan 2023
  • India: Poll respondents seek higher rebate on health insurance premiums

    With rising healthcare costs, compounded by rising inflation concerns impacting household incomes, an increase in the rebate on health insurance premiums is the next big ask among the respondents (45%) to the second edition of the India Union Budget Survey.

    Asia | 30 Jan 2023
  • India: Government can gain from establishing insurance captives

    In India, like large corporations and cooperatives, the government too can benefit from the use of insurance captives for public programmes like the Pradhan Mantri Fasal Bima Yojana (PMFBY) and Pradhan Mantri Jan Arogya Yojana (PMJAY), says Mr Ankur Nijhawan, CEO of AXA France Vie India Reinsurance Branch.

    Asia | 27 Jan 2023
  • India: $25bn retail health insurance market by 2028

    India's retail health insurance segment has the potential to become a $25bn market in the next five years according to a new research study.

    AIRPlus | 26 Jan 2023

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