Five of top 10 firms take Rs 1.97 lakh cr hit in market valuation; TCS, Infy biggest losers

Five of top 10 firms take Rs 1.97 lakh cr hit in market valuation; TCS, Infy biggest losers

The combined market valuation of five of the 10 most valued firms eroded by Rs 1,97,958.56 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit amid volatile trends in equities. Last week, the BSE benchmark climbed 188.51 points or 0.25 per cent. The market valuation of TCS tanked … Read more

Do SIPs in HDFC, Asian Paints and reap reward in next one year; up ante in metal/OMC space: Sanjiv Bhasin

Do SIPs in HDFC, Asian Paints and reap reward in next one year; up ante in metal/OMC space: Sanjiv Bhasin

Sanjiv Bhasin, Director, IIFL Securities, says the broader market will be in a consolidation phase. So pick your stocks. Right now, PSUs, OMCs, ONGC, Hind Copper, Vedanta, the metal/OMC space are looking very strong, as is insurance. That is where you should be upping your ante.” Bhasin further says: “Do a SIP in HDFC, Asian … Read more

Mcap of 4 most valued firms jumps Rs 2.18 lakh cr; LIC, SBI lead gainers

Mcap of 4 most valued firms jumps Rs 2.18 lakh cr; LIC, SBI lead gainers

Four of the top-10 most valued firms together added Rs 2.18 lakh crore in market valuation last week, with Life Insurance Corporation and State Bank of India emerging as the biggest gainers. From the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and SBI were the gainers. They collectively … Read more

Budget expectations: Separate tax deduction limit and no GST on insurance plans

Budget expectations: Separate tax deduction limit and no GST on insurance plans

In the wake of a transformative year for the insurance industry, marked by the influx of new companies, technological innovations, and changing consumer dynamics, the stage is set for competitive landscape with the need to increase insurance penetration in the country, which is currently at 4%. The good part is that Indians have become more … Read more

Porting your health insurance policy? Here are few tips to avoid claim rejection in future

Porting your health insurance policy? Here are few tips to avoid claim rejection in future

There has been a rise in health insurance policy portability in recent times, and it can be attributed to a variety of factors, including the hikes in premiums. Many policyholders are looking for more affordable options, especially if they face steep increase in premium in their current plans. Insurers offering premium discounts attract customers seeking … Read more

I'm 37, invest Rs 17K monthly in LIC Jeevan Umang with Rs 1 crore term insurance. Should I continue with LIC or switch to mutual fund SIPs?

I'm 37, invest Rs 17K monthly in LIC Jeevan Umang with Rs 1 crore term insurance. Should I continue with LIC or switch to mutual fund SIPs?

I’m a 37-year-old married person residing in Mumbai. I have bought an LIC endowment plan, Jeevan Saral, where I pay Rs 17,000 every month.  As per the policy, I need to pay Rs 17,000/month (Rs 2 lakh/year) only for 15 years & then I will be paid Rs 2 lakh per year till 100 years … Read more

Here’s why insurers ask for educational background when selling term life insurance policies

Here’s why insurers ask for educational background when selling term life insurance policies

When you buy a term life insurance policy online, you may be surprised that your insurer is interested in your educational background. This may seem unusual or even invasive, but there are valid reasons why insurance providers consider this information necessary.  Pricing structures, called premium rates, are ultimately determined based on the probability and cost … Read more

Key regulatory developments that changed the course of insurance industry in 2023

Key regulatory developments that changed the course of insurance industry in 2023

Embracing regulatory transformation and innovation, the year 2023 was nothing short of a milestone for the insurance industry. The dynamic customer needs served as a catalyst of change and the industry rose to the occasion with several customer-centric policy changes. The regulatory authority is already steering the sector toward Insurance 2.0 with initiatives like Bima … Read more

India's insurance sector saw 25% rise in surrenders and withdrawals from life insurance policies in 2023

India's insurance sector saw 25% rise in surrenders and withdrawals from life insurance policies in 2023

The year 2022-23 has seen a surge in the surrenders and withdrawals of life insurance policies. It has increased by 25.62 per cent to Rs 1.98 lakh crore compared to Rs 1.29 lakh crore in 2021-2022. The jump has been attributed to several factors ranging from rise in inflation and issues related to mis-selling of … Read more

Mcap of three of 10 most valued firms jump Rs 70,312.7 cr; Reliance biggest winner

Mcap of three of 10 most valued firms jump Rs 70,312.7 cr; Reliance biggest winner

The combined market valuation of three of the 10 most valued firms jumped Rs 70,312.7 crore last week, with Reliance Industries emerging as the biggest winner, amid volatile market conditions. From the top 10 pack, Reliance Industries, HDFC Bank and Hindustan Unilever were the gainers, while Tata Consultancy Services (TCS), ICICI Bank, Infosys, State Bank … Read more