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NEW DELHI: Commerce and industry minister Piyush Goyal on Tuesday said govt is looking to extend support to exporters on the insurance front to help them deal with the ongoing West Asia crisis.He said that an inter-ministerial group is keeping tabs on developments on a daily basis and is interacting with exporters.The Customs department has…
NEW DELHI: The average health insurance premium for individuals shot up 23% between 2022-23 and 2024-25, putting pressure on the common man, although govt cited multiple reasons for the rise. In 2024-25, the premium was pegged at Rs 11,188 crore.The increase is seen to be steeper since the Covid-19 pandemic as claims rose, but latest…
Go Digit General Insurance on Saturday said it has received a demand notice of about Rs 170 crore for short payment of goods and services tax (GST) for nearly five years. The company has received an order copy from the Office of the Commissioner of GST & Central Excise, Chennai South Commissionerate on March 6,…
India is seeking support from the United States to secure marine insurance cover for vessels transporting oil from the Middle East, as the government looks to ensure continuity of energy supplies amid disruptions in the Strait of Hormuz, a senior oil ministry official told PTI.The move comes as the widening conflict in West Asia has…
Indian exporters have flagged fresh concerns over logistics disruptions and rising costs after the US and Israel launched strikes on Iran, triggering retaliatory attacks and escalating tensions across the Middle East.Industry bodies said prolonged instability in the region could disrupt key shipping corridors, push up marine insurance premiums and increase transportation costs, affecting outbound shipments…
Performing Hajj or Umrah in 2026? Here’s Saudi Arabia’s New Health Insurance Policy You Must Know As millions of Muslim believers prepare for pilgrimages like Hajj and Umrah, authorities in Saudi Arabia are enhancing healthcare coverage for pilgrims coming from outside the Kingdom. The aim is to ensure that pilgrims can undertake their spiritual journeys…
Sometimes even a small act of wisdom can yield a profound impact. It often happens that while booking a train or a flight ticket we ignore the insurance checkbox. But one man’s wisdom while booking a rail ticket provided the much needed support to his family after his death.This event dates back to 2020 when…
MUMBAI: Banks will soon price deposit insurance by risk, while depositor protection stays unchanged. From April 1, 2026, RBI will adopt risk-based pricing for deposit insurance, a global norm, without altering coverage or payouts. Until now, all banks paid a flat premium of 12 paise per Rs 100 of deposits, regardless of financial strength. The…
The Economic Survey frames insurance as a growth problem disguised as a coverage problem. To close India’s protection gap and deliver “Insurance for All by 2047,” it says the sector must outpace nominal GDP, not inch alongside it. The binding constraint is not demand but distribution.“The escalating cost of acquisition is not merely an operational…
Union Budget 2026 is knocking on the door and different sectors have laid out their expectations and demands from the government. According to a report by the State Bank of India, this Budget can be an opportunity for the central government to introduce reforms in taxation, insurance and pension schemes aimed at boosting household savings,…
