Here's why India Inc's fire insurance costs may go up by 10-50% in 2020 Discounting has been a common practice in segments like fire insurance, where despite higher claims in the previous year, lower premiums are charged.
Stocks in the news: Stocks in the news: SBI, IDBI Bank, Tata Power, Graphite, Lupin, Godawari Power, Sun Pharma Sun Pharma | SBI | Abott India | HeidelbergCement India | Sobha and aviation stocks are in the news today.
IRDAI proposes 'ease of doing business' for global reinsurers The IRDAI committee has recommended certain waivers and concessions till such time these global entities reach a reasonable level of business volume.
Insurers exit government's Fasal Bima scheme to cut losses While all other general insurance schemes have a policy of annual hike in premium, PMFBY does not have this provision. This has made the business unviable for insurers and reinsurers