The consolidation phase in insurance that started with HDFC Ergo acquiring private player L&T General Insurance is expected to continue in the new year, apart from more FDI inflows and perhaps a few more companies hitting the stock market. Four public general insurance companies — New India Assurance Company, National Insurance Company, Oriental Insurance Co… Continue reading Consolidation, listing new normal for insurance industry
To promote cashless transactions and incentivise people to make digital payments, the government recently announced several measures. One can, for instance, buy life and general insurance products from the websites of public sector companies on a discount. The announcement says: "Public sector insurance companies will provide incentive, by way of a discount or credit, of… Continue reading Will online discounts on general insurance products make them more accessible?
The year 2016 would go down in the annals of the Indian insurance industry history as the one in which the central government was the driving force in increasing non-life insurance penetration and awareness with various schemes, experts said. The year also saw an acquisitive HDFC group with its non-life company HDFC Ergo General Insurance… Continue reading With government support, insurance sector makes a good show in 2016
US Federal Reserve is meeting tomorrow to decide on the interest rate hike. According to some investment experts, an interest rate hike in the US is supposed to take the wind out of the Indian markets. Should Indian investors worry? "There might be an immediate reaction in the stock market. But it will be for… Continue reading Should mutual fund investors worry about Fed rate hike?