Senior citizens are set to receive a new health insurance coverage under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY). The Union Cabinet announced on Wednesday the expansion of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) to include individuals aged 70 years and above, regardless of their income level, in … Read more
GST rates: The Goods and Services Tax on health and life insurance premiums has been making headlines for quite some time. According to a report by CNBC-Awaaz on August 8, sources familiar with the matter have suggested that a reduction in the GST rate on the premium paid for health and life insurance might be … Read more
India’s journey toward financial inclusion has witnessed various innovations in policy over the last decade. The government’s JAM, which is the bedrock of the digitalisation drive to formalise the economy, has been the biggest game changer for the BFSI industry. JAM stands for ‘Jan Dhan Account – Aadhaar – Mobile’ and has revolutionised financial inclusion … Read more
“We are studying all these things and it is still work in progress so we do not know how things will pan out and we will have to wait for the outcome of what the parliament decides because some of this will probably go to parliament for a decision. We are just waiting and in … Read more
SBI Life’s June quarter results cheered investors and sent the stock soaring 10 per cent in Friday’s trade. Analysts said the numbers were stellar on all counts be it growth or margins. bucked the trend of slowdown seen at peers in terms of growth in annual premium equivalent (APE) and retail protection APE. Among key … Read more
Yet another week of whipsaws in the market as the broader sentiment continues to remain ‘Sell on Rise’ with bears countering the bulls on every significant upmove. This week’s RBI MPC meet helped elevate markets’ mood as the policy was more dovish than expected. Contrary to Street expectations, the policy seems to be taking a … Read more