General-Insurance

Indian firms invested a sum of $12.25 billion under both the automatic and the approval routes in the first eight months of this year, which has been in accordance with the steady outflows witnessed in the last couple of years. In the financial year 2020-21, around $13 billion was invested by the Indian companies, which was the second successive...

Every individual has a different perspective on investments. An investment strategy is different for people and is based on their financial objectives. However, it is essential to know the difference between investments and expenses. Investments are nothing but an additional expenditure that allows you to secure your financial future; whereas, expenses do not provide any future gains. Understanding this difference...

RBL Bank and ICICI Prudential Life Insurance entered into a bancassurance partnership on Wednesday, December 9, to offer a slew of life insurance products to customers. This alliance will enable more than 8.7 million customers of RBL Bank to access and easily purchase the customer-centric protection and long-term savings products of the firm, in order to gain financial security for themselves and their families. RBL Bank...

Life Insurance Corporation (LIC) of India, which offers various insurance plans like endowment plans, money back plans, term insurance plans, also offers pension plans. LIC Pradhan Mantri Vaya Vandana Yojana is one such pension plan being offered by the country's largest life insurance company. The government has modified rate of pension for Pradhan Mantri Vaya Vandana Yojana and extended...

Atal Pension Yojana (APY) is a government-run pension scheme focused on unorganised sector workers which enables subscribers to earn a fixed monthly pension to the tune of ₹ 1,000-5,000 upon attaining retirement. The Atal Pension scheme is available at India Post branches supporting core-banking solutions. The scheme is available to those between 18 and 40 years of age at...

The Insurance Regulatory and Development Authority of India (IRDAI) has come out with a clarification that insurers were permitted to change the base premium up to +/- 5 per cent of originally approved premium rates, in order to comply with the guidelines on standardization of exclusions as a one time measure for seamless transition of existing products to ensure viability...

Public Provident Fund — also known as PPF — is a popular investment scheme which offers an investment avenue with decent returns coupled with income tax benefits. PPF account holders can invest a maximum of ₹ 1.5 lakh each financial year. Also, they need to deposit a minimum of ₹ 500 in a financial year to keep the account...

National Pension System (NPS) is a government promoted pension/annuity scheme under which any Indian citizen between the age of 18 and 65 years can open 'Tier I' or 'Tier I and Tier II both' types of pension accounts. NPS account can also be opened by a non-resident Indian or a person with an overseas citizenship of India (OCI). However,...

Securities and Exchange Board of India (SEBI) has proposed a reduction in the equity dilution requirement for initial public offers (IPOs) exceeding ₹ 10,000 crore. Companies with a post-issue capital above ₹ 10,000 crore will be required to initially sell only 5 per cent to the public, as against 10 per cent mandated earlier, the market regulator said in...

The government is likely to report a current account surplus at the end of the current financial year ending in March 2021, mainly led by a fall in imports, the chief economic adviser at the ministry of finance said on Monday. India's current account surplus rose to a record $19.8 billion in April-June as its trade deficit narrowed sharply, the...