Life insurance companies will be required to mandatorily issue an electronic insurance policy for any individual who takes a sum assured of Rs 10 lakh and above, or pays annual premium of Rs 10,000 and above in life insurance.
Industry body CII has demanded a one-time 100% income tax holiday of five years for manufacturing units in special economic zones, saying that the government's decision to impose MAT and DDT was not conducive for practical viability of units operating in
Private general insurance companies might reduce business under the Prime Minister’s Jan Suraksha schemes - Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana (PMSBY) - from the next financial year (FY17).
The mutual fund (MF) sector added 1.9 million Systematic Investment Plan (SIP) accounts in the first nine months of 2015-16. This took the SIP count to 9.2 mn at end-December 2015 from 6.7 mn a year ago, a rise of 37 per cent.
Speaking on the issue of skill-building for insurance agents at a recent conference, Alice Vaidyan, chairman and managing director of General Insurance Corporation of India, recalled a classic Woody Allen quote: "There are worse things in life than
Highlighting benefits of the just-announced crop insurance scheme, Prime Minister Narendra Modi on Sunday said awareness about it should be spread across the country so that at least 50 per cent of the farmers join it within two years.