The levying of an 18% tax on insurance premiums is detrimental to improving the penetration of insurance in the country and should be rolled back, said Nilesh Sathe, member (life), IRDA.
SBI General Insurance reported a 53 percent rise in net profit at Rs. 89 crore for the quarter ending December. Its net profit was Rs. 58 crore in the corresponding quarter a year ago, SBI General said in a statement.
The West Bengal Clinical Establishment Regulatory Commission (WBCERC) has directed CMRI to pay Rs. 10 lakh as compensation to the father of a newborn who had died after a series of surgeries at the hospital.
The3 Supreme Court has made it categorical that only BS VI complaint vehicles will be sold in India from April 1, 2020. This means that the current fleet of BS IV cars, two wheelers and trucks will be retailed for the next 17 months only.
This insurance will pay damages that the insured becomes legally obligated to pay by reason of liability imposed by law for bodily injury or property damage caused by an occurrence to which this coverage applies.
The Central government is likely to come out with a proposal for recapitalization of loss-making public sector non-life insurance companies. The department of financial services
The levying of an 18% tax on insurance premiums is detrimental to improving the penetration of insurance in the country and should be rolled back, said Nilesh Sathe, member (life), IRDA.
SBI General Insurance reported a 53 percent rise in net profit at Rs. 89 crore for the quarter ending December. Its net profit was Rs. 58 crore in the corresponding quarter a year ago, SBI General said in a statement.
Insurance companies will have to make provisions for their exposure to the crippled infra lender IL & FS, industry regulator IRDAI said.The IL & FS group with a debt of over Rs. 94,000 crore.has been defaulting o its financial obligations since August and has also borrowed from insurance companies
A District Consumer Forum here has directed Reliance General Insurance to pay around Rs. 18 lakh as reimbursement for a car stolen in 2015, while finding it guilty of “deficiency of service” for rejecting the claim. The District Consumer Disputes Redressal Forum asked the insurance company.