Life Insurance Corp. India (LIC) has reduced its holdings to publicly traded companies in the fourth quarter of the 2021 financial year, down by a regular 3.66 percent of the market price of 296 companies (holding more than one percent) compared to 3.70 percent from December 31, 2020.As of June 30, 2012, the figure was …
India’s insurance and development authority (Irdai) has indicated that health insurance plans will cover hospitalization costs, subject to certain policy terms and conditions, should anyone have a Covid-19 vaccination reaction. “It is clear that in the unlikely event of hospitalization following a negative response to the covid-19 vaccine, hospitalization is subject to health insurance policies …
Policies to pay for hospitalization due to adverse effects of the vaccine ‘ Read More »
The bill to increase the foreign direct investment limit in the insurance sector to 74 percent from the current 49 percent was approved by Rajya Sabha on Thursday. Responding to the debate on the Insurance Bill (Amendment) 2021, Finance Minister Nirmala Sitharaman said foreign investment would help long-term domestic resources to keep the country’s insurance …
Rajya Sabha passes bill to increase FDI in the insurance sector to 74% Read More »
Finance Minister Nirmala Sitharaman has said that the insurance regulator IRDAI should give priority to authorization and settlement of COVID-19 claims to companies. Sitharaman said that reports of cashless insurance refusal were being received by some hospitals. To deal with this situation, the Finance Minister spoke to the Insurance Regulatory and Development Authority (IRDAI) Chairman …
