India Inc hails the government’s budget as growth-oriented
Finance Minister, Nirmala Sitharaman made a great effort to pull all strings together in this budget and ensure economic setback to put lives and livelihoods back to the track. There has been…
Budget 2021: How higher FDI cap in insurance will benefit policyholders
Policyholders in tier II and tier III cities are also likely to get a leg up via this move, as the funds infused are expected to help in bridging the demand-supply gap in insurance. “Moreover, the…
FDI in Insurance hiked to 74%, LIC IPO in 2022
India's Finance Minister Nirmala Sitharaman on Monday, in her Union Budget speech, announced a proposal to increase the foreign direct investment (FDI) limit in the insurance sector to 74 per cent…
Mitigating Insurance Risk During Natural Calamities
While the world has gone through a series of catastrophic events due to climate changes; India has also been a victim of the same. Added to Covid 19, the country lost over 1,56,000 lives in less…
Increase FDI limit in insurance sector in Union Budget 2021, says RenewBuy CEO
2020 witnessed various announcements and regulatory changes in the insurance sector due to the on-going Covid pandemic. We believe that the need for Insurance coverage is critical in these times…
People Under-Estimate Health Risks On Healthcare : Eco Survey
The structure of the market has substantial implications for the long term trajectory of the health system. The individuals also under-estimate health risks and may, therefore, not purchase…
Insurance penetration inches up but stays much below global average: Eco Survey
India’s insurance penetration, which was at 2.71% in 2001, has steadily increased to 3.76% in 2019, but stayed much below the global average of 7.23%, stated the Economic Survey for 2020-21…
Budget 2021 should look at strengthening digital insurance
The Union budget 2021 is one of the most crucial budgets, as the government will focus on bringing the economy back to track. While India has been able to manage the Covid pandemic crisis and the…
Budget 2021: Here are key expectations from insurance sector
We believe that the need for Insurance coverage is critical in these times and should be a very important consideration in Budget 2021. The government should definitely look at strengthening the…