Search For "insurance market"
Private players dominate life insurance market, general insurance premium
Updated : 5 months, 2 weeks ago IST
From FY15 onwards, growth resumed as insurers adapted to the new regulatory environment and diversified their product mix and channels. Private sector Annual Premium Equivalent (APE) recovered to Rs 250 billion in FY15 and increased steadily to Rs 286 billion in FY16, Rs 349 billion in FY17
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Health insurance sector reports strong growth in November driven by GST ex
Updated : 5 months, 3 weeks ago IST
The health insurance industry continued to post strong growth in November, supported by a pickup in demand for health insurance policies following the GST exemption announced by the government, highlighted a recent report by Nuvama.
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Car Insurance Premiums Likely to Rise on Reinsurance Costs: A Brief Accoun
Updated : 6 months ago IST
Mumbai (Maharashtra) [India], December 4: Vehicle insurance premiums are expected to rise as insurers face higher reinsurance costs. Reinsurance assists insurance firms in managing major and unforeseen claims by distributing the risk with international partners. As the charges are raised by
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Festive cheer, nil GST on health and life boost insurance payments by 35%
Updated : 7 months, 2 weeks ago IST
The festive season coupled with the government's recent decision to make health insurance GST-free has provided a strong boost to India's insurance market.
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Samsung Life seeks stake in European alternative investment manager
Updated : 8 months ago IST
Samsung Life Insurance is in talks to acquire a stake in a European alternative investment firm managing 55 trillion won (USD 39.6 billion), mainly via private debt, as part of its strategy to diversify earnings amid sluggish growth in the domestic life insurance market, as per a report by P
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Jio Financial Services Limited and Allianz to form 50:50 reinsurance joint
Updated : 10 months, 2 weeks ago IST
Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe BV, entered into a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance market in India.
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Life Insurance sector in India to grow at 10.5% against global average of
Updated : 1 year ago IST
Life insurance market in India will grow at 10.5 per cent against a global average of 4.5 per cent over the next ten years, according to a report by Allianz Global Insurance.
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Things to Know About Fine Print in Accidental Health Insurance
Updated : 1 year, 2 months ago IST
New Delhi [India], March 17: It is easy to buy a health insurance plan, but choosing the right one that meets your requirements can be daunting. The insurance market is replete with providers selling plans with great features and benefits. When searching for a plan, we often look at the long
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Rising Healthcare Costs Drive Demand for Higher Coverage: Turtlemint Sees
Updated : 1 year, 3 months ago IST
Mumbai (Maharashtra) [India], February 28: The health insurance industry in India is witnessing strong growth, driven by rising healthcare costs and increasing consumer awareness post the COVID-19 pandemic. With medical inflation at an annual rate of 14%, the health insurance market is proje
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India's insurance market poised to reach $222 bn by 2026, growing at 17% C
Updated : 1 year, 3 months ago IST
India's insurance sector has witnessed significant growth and development over the past few years with the domestic insurance market grown at a CAGR of 17 per cent over the last 2 decades and is expected to reach a size of USD 222 billion by 2026, according to Teamlease Regtech report.
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Do You Need A High-Value Health Insurance Policy?
Updated : 1 year, 5 months ago IST
New Delhi [India], December 24: Buying a health insurance policy is never an easy decision to make. To begin with, the insurance market has many big players offering lucrative plans, and the plethora of options can be overwhelming. Secondly, a policyholder needs to strike a balance between t
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Donald Trump names Dr Mehmet Oz as CMS Administrator to "Make America Heal
Updated : 1 year, 6 months ago IST
CMS is the federal agency that provides health coverage to more than 160 million through Medicare, Medicaid, the Children's Health Insurance Program, and the Health Insurance Marketplace in the United States.
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