Insurance - general
EPF to pay 8.25% interest to subscribers for FY2023-24
12 Feb 2024
The Central Board of Trustees of the Employees Provident Fund Organisation (EPFO), at its meeting on 10 February 2024, recommended payment of annual interest of 8.25 per cent
Chennai tax officials issue a Rs. 663 crore GST demand notice to LIC
04 Jan 2024
The Life Insurance Corporation of India (LIC) stated on Wednesday, 3 January 2024, that tax authorities have issued a demand notice amounting to approximately Rs 663.45 crore, citing short payment of Goods and Services Tax (GST).
LIC gets a 10-year exemption from the 25% public shareholding rule
21 Dec 2023
In a significant development, the state-owned Life Insurance Corporation of India (LIC) announced on Thursday, 21 December 2023, that it has secured a one-time exemption from the Finance Ministry regarding the 25% public shareholding rule.
Zurich Insurance set to invest $500 million for majority stake in Kotak General Insurance
02 Nov 2023
Zurich Insurance Company, a major Swiss-based insurer, is set to invest approximately Rs 4,051 crore, or U.S. $500 million, to acquire a controlling stake of 51 percent in Kotak General Insurance.
LIC IPO subscribed 166% on day 4 as policyholders bid nearly 5 times the reserved portion
09 May 2022
The Ritual of Hiking Third Party Motor Insurance Premiums!
14 Mar 2022
The general insurance industry reported total motor insurance premium of Rs68,951 crore and settled total claims of Rs38,071 crore for 2019-20, earning a gross surplus of Rs30,880 crore
Is COVID-19 covered under Health Insurance ?
17 Mar 2020
In the last two weeks, the public at large from all over India has been seeking advice on Health Insurance and Term Insurance. Even Indians already in foreign countries who have an Overseas Travel Policy have asked whether it covers treatment for COVID-19 abroad, if required
ECGC raises insurance cover for banks’ export credit to 90%
17 Sep 2019
Enhanced insurance cover will ensure that foreign and rupee export credit interest rates will be below 4 per cent and 8 per cent, respectively, for exporters
Govt reduces ESI contribution rate from 6.5% to 4%
14 Jun 2019
The move will benefit as many as 1.29 million employers and 36 million employees while also allowing to extent the scheme to more establishments
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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