The alarming level of life insurance policy misselling has caught the attention of policymakers amid efforts by the insurance regulator to boost insurance penetration, a top official from the Insurance Regulatory and Development Authority of India (Irdai) said on Tuesday. According to Satyajit Tripathy, member-distribution at Irdai, while life insurance grievances often relate to product issues, non-life insurance complaints typically concern claim payments and exclusions. Addressing these grievances is essential to increasing insurance penetration, he said.
Posts tagged Rediff
Services sector activity hits 5-month high in Aug (04-09-2024)
India’s services sector activity growth touched a five-month high in August on stronger rise in new work orders, while payroll numbers rose solidly as companies remained upbeat regarding the economic outlook, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services Business Activity Index rose from 60.3 in July to 60.9 in August, registering the fastest expansion since March and was largely supported by productivity gains and positive demand trends.
Income Rise To Boost Household Asset Rebuilding (04-09-2024)
Households are likely to remain the primary net lenders to the economy in the coming decades.
Can Setty Take SBI To New Heights? (04-09-2024)
It is to be seen if SBI under Setty, who will have a three-year term, can ride the economic cycle to take SBI to new heights, navigating some of these challenges.
Tracking non-food retail inflation trends in India (04-09-2024)
Amid a debate on the basis of a monetary policy stance, one may be curious enough to know how non-food retail inflation has behaved over the years in India. Let the eager souls catch a glimpse of facts. In the past 10 years, non-food inflation came down below 4 per cent on two occasions – pre-Covid period of 2019-20 and now in the first four months of the current financial year (FY25).
High Valuations Pose Risk To Bull Market (04-09-2024)
‘Over the next 12 months, it will be difficult to make 15 to 20 per cent return in the markets as the valuations appear stretched.’
The Legend Returns: Jawa 42 FJ Launch (04-09-2024)
The Jawa 42 FJ 350 cc was launched at a surprising price of ₹199,142 ex-showroom Delhi, reports a nostalgic Rajesh Karkera/Rediff.com.
FDI inflows jump 47.8% to $16.17 bn in Q1 (03-09-2024)
Foreign direct investment in India jumped 47.8 per cent to $16.17 billion in April-June this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data. FDI inflows were at $10.94 billion in April-June 2023-24. The data showed that overseas inflows in May rose to $5.85 billion and in June to $5.41 billion from $2.67 billion and $3.16 billion, respectively, in the year-ago period.
WazirX looks for white knight; users to lose 43% funds (03-09-2024)
Crypto exchange WazirX has said customers affected by the recent cyber attack will not be able to recover their full funds even as the firm looks to restructure. At a virtual press conference, the firm’s advisor said at best the company might look to return 55-57 per cent of the money. “This is what can be returned to users with the benefit of this restructuring,” said Jason Kardachi, managing director (restructuring), Kroll.
Sensex ends in red; Nify gains 1 point (03-09-2024)
Among the 30 Sensex firms, Bajaj Finance, Infosys, Adani Ports, JSW Steel, HCL Tech, Bharti Airtel, IndusInd Bank and Tata Motors were the biggest laggards. ICICI Bank, Bajaj Finserv, Titan, Nestle and HDFC Bank were among the gainers.