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Monthly Archives: September 2008
Insurance Amendment Bill on its way to Approval
Almost two years after the UPA government referred the Insurance Amendment Bill aimed at raising the foreign direct investment cap in the sector from 26% to 49%to a Group of Ministers (GoM), the panel finally paved the way for the … Continue reading
Group of Ministers Finalises Insurance Reform Proposals
The Group of Ministers (GoM) has finalised its recommendations on insurance sector reforms which include raising the foreign investment ceiling in the industry to 49% from the existing 26%. Besides increasing the foreign investment cap, other proposed amendments would allow … Continue reading
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Insurers increase share in Government Securities
Insurance companies invested Rs35,880 crore (US$8.1 billion) in government securities in the last fiscal year ended 31 March, 173% higher than the amount invested in 2006/07, according to data from the Reserve Bank of India (RBI). The share of insurance … Continue reading
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Insurers investing in Venture Capital
About Rs10,000 crore (US$2.26 billion) is expected to be invested by insurers in venture capital (VC) funds in the next six to eight months, in a bid to earn higher returns, reports the Economic Times. Major insurers such as ICICI … Continue reading
Posted in India, Insurance
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Don’t confuse insurance with investment
(Source: The Times of India, August 31) It’s the most common mistake, and they get hit on both sides, says financial planner Gaurav Mashruwala Ashfak Shaikh never asked his parents for pocket money. Since his childhood, he knew his … Continue reading
How to evaluate an Insurance Company
Insurance is one sector that impacts a lot of people. There are lakhs of agents across the country who earn income by selling inInsurance is one sector that impacts a lot of people. There are lakhs of agents across the … Continue reading
Posted in India, Insurance
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