Growth in insurance business

IRDAI Circular– The Growth of Insurance Business: December 2018 vs December 2017

As the calendar year closed on December 31st, 2018, insurance companies logged in positive growth for the month of December 2018 compared to the month of December 2017. Both life insurance business and general insurance business grew at a good pace bringing in increased revenue for insurance companies.   The increase in business suggests better […]

new Interim Budget can boost your insurance business.

नया अन्तरिम बजट आपके इंश्योरेंस व्यवसाय को बढ़ावा दे सकता है; जानना चाहते हैं कैसे?

1 फरवरी, 2019 का दिन भारतवासियों के लिए एक महत्वपूर्ण दिन था। इस दिन भारत सरकार ने इस फाइनेंशियल ईयर का अन्तरिम बजट पेश किया था। इसे इसलिए भी महत्वपूर्ण माना जा रहा है क्योंकि यह वर्ष 2019 के अंत में होने वाले लोकसभा चुनाव से पहले पेश किया जाने वाला बजट है। इस बजट[…..]

IRDAI-stop-3rd-party-insurance-premium

IRDA will stop fixing 3rd party insurance premium from 2021

In India, the Motor Vehicles Act passed in 1988 lays down the road traffic rules. One such rule which has been prescribed by the Act is the requirement of a valid insurance cover on all vehicles.   As per the provisions of the rule, every vehicle, which runs on Indian roads, should have a valid[…..]

growth in Insurance business IRDAI mintpro

IRDAI Circular– The Growth of Insurance Business: September 2018 vs September 2017

As the population is increasingly understanding the need for insurance and embracing insurance products, the insurance segment is showing a positive growth. Month on month, insurance companies are posting a positive growth in their premium collection. This growth has led to an increased penetration of insurance. Moreover, with insurance products becoming popular among individuals, insurance[…..]