In the first three quarters of the financial year 2011-12, more than 3 lakh active insurance agents have quit the profession. Insurance companies such as Life Insurance Corporation of India (LIC), ICICI Prudential and HDFC Life have seen mass exodus owing to lesser incentive to agents when compare with other similar sophisticated industries. http://economictimes.indiatimes.com/news/news-by-industry/jobs/exit-of-3-lakh-agents-puts-insurance-sector-at-risk/articleshow/11997738.cms .
The Securities and Exchange Board of India (Sebi) has further tightened advertisement norms for asset management companies (AMCs), putting greater responsibility for fair valuations on fund managers. In its latest amendment to regulations for the fund industry, Sebi has widened the definition of “advertisement” to include all forms of communications on behalf of an AMC, […]
The Securities and Exchange Board of India (Sebi) has further tightened advertisement norms for asset management companies (AMCs), putting greater responsibility for fair valuations on fund managers. In its latest amendment to regulations for the fund industry, Sebi has widened the definition of “advertisement” to include all forms of communications on behalf of an AMC, […]
Finance Minister Pranab Mukherjee on Saturday said the annual general insurance premium collection could double to Rs 1 lakh crore in the next three years on the back of rising insurance penetration and disposable income. http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/general-insurance-premium-may-double-to-rs-1-lakh-crore-by-15-says-pranab-mukherjee/articleshow/11942530.cms
Following concerted pressure from banks, the finance ministry has agreed to consider a proposal to reduce the lock-in period for bank deposit eligible for tax rebate to three years from five years, even though it goes against the spirit of the Direct Tax Code. http://economictimes.indiatimes.com/news/economy/policy/budget-2012-tax-rebate-on-3-year-bank-fds-likely/articleshow/11918800.cms .
Following concerted pressure from banks, the finance ministry has agreed to consider a proposal to reduce the lock-in period for bank deposit eligible for tax rebate to three years from five years, even though it goes against the spirit of the Direct Tax Code. http://economictimes.indiatimes.com/news/economy/policy/budget-2012-tax-rebate-on-3-year-bank-fds-likely/articleshow/11918800.cms .
The finance ministry is considering allowing individual foreign investors to directly buy corporate bonds issued by Indian companies, extending to debt a similar facility recently allowed for equity investments that could, in the long run, help deepen the country’s shallow bond market. http://economictimes.indiatimes.com/markets/bonds/budget-2012-finance-ministry-may-allow-foreign-investors-to-directly-buy-corporate-bonds/articleshow/11918634.cms .
One out of every four people do not think that life insurance is important, reveals an IRDA sponsored study, which also made a case for effective marketing to increase penetration. The study which was conducted by Delhi-based think-tank NCAER at the behest of insurance regulator IRDA, suggested that private sector and the government should work […]
One out of every four people do not think that life insurance is important, reveals an IRDA sponsored study, which also made a case for effective marketing to increase penetration. The study which was conducted by Delhi-based think-tank NCAER at the behest of insurance regulator IRDA, suggested that private sector and the government should work […]
The Indian insurance regulator Insurance Regulatory and Development Authority (Irda) expects the domestic insurance sector to suffer de-growth of at least 13-14 % during the current fiscal to March 2012, said Chairman J Hari Narayan. The life insurance sector saw a paradigm shift after September 2010 with new regulations, while the general insurance sector witnessed […]
