A committee of Indian revenue officials attached to goods and services tax (GST) Council has turned down proposal to lower tax rate on premium related with all kind of insurance from life to health to motor third party.
To rein in the soaring costs for cancer treatment insurance, the Ministry of Health (MOH) had announced last August that it will allow insurance to only cover effective as well as cost effective drugs and treatments on a newly created Cancer Drug List.
There is a strong case for current caps on life insurance commissions to be retained and even raised slightly, says financial services company AMP.
AIA Singapore and Singapore Management University (SMU) yesterday signed a Memorandum of Understanding to launch the first work-study elective for Actuarial Science students at the School of Economics.
Thai Life Insurance (TLI) said yesterday that it was seeking to raise up to $1bn in an initial public offering (IPO) next month, pricing shares at THB16 ($0.45) each in what could be the region's largest IPO this year, reported Reuters.
The value of death claims almost tripled and the number of suicides rose 18% last year as South Africa was battered by coronavirus infections, reported Bloomberg quoting Discovery Life said.
The African Insurance Organisation (AIO) will mark its 50th anniversary today in conjunction with the 48th annual AIO Conference and Annual General Assembly in Nairobi, Kenya.
Jack Sharry, co-chair of MMI's Digital Advice Community, a member of the Next Chapter Executive Leadership Advisory Board, sees five trends in the race to improve financial advice.
Overall business conditions for life insurers In Japan have improved compared to during earlier stages of the COVID-19 pandemic, prompting AM Best to revise its outlook on the life insurance market to 'Stable' from 'Negative'.
More regulatory liberalisation, consolidation of regulations, and formation of a common software platform for health claims are some of the matters that will be discussed by the CEOs of the insurance companies with the sectoral regulator, said industry sources.