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Ease G-Sec rule for insurance companies: IRDAI panel
Monday, December 18, 2017, 1:09 PM
A panel constituted by the Insurance Regulatory and Development Authority of India (IRDAI) has called for reviewing norms that require 50% of the funds mobilized from traditional life policies to be invested in government bonds. According to the panel's report, the restriction on investments does not permit life companies to generate a return of even 8% in traditional policies given the drop in yields on government bonds.
Life Insurance Schemes Might Fetch Better Returns In Future
Monday, December 18, 2017, 7:54 AM
Life insurance schemes might offer better returns from next-year if the recommendations of IRDAI-constituted committee are accepted and put in practice. A committee constituted by the IRDAI has suggested a host of changes in the life insurance sector, including in the investment norms to improve the returns generated by the funds. IRDAI-constituted committee has suggested that the minimum investment limit of 50% in government securities should be reduced.
Demonetisation changed saving habits of Indians, says finance ministry
Friday, November 10, 2017, 1:10 PM
Demonetisation has brought about a significant shift in saving habits among Indians, with many parking a higher share of their disposable income in bank deposits and market instruments, the government has said. A finance ministry note submitted to a parliamentary panel said gross financial savings in terms of deposits, shares, debentures, insurance funds and pension funds increased by 48% in 2016-17.
