LIC Increases Stake in Nestle India to Over 5%: In a notable move that strengthens its position in the fast-moving consumer goods (FMCG) sector, Life Insurance Corporation of India (LIC) has increased its stake in Nestle India Ltd. to over 5%, marking a significant vote of confidence in the brand. According to the latest stock…
A Complete Guide to the Insurance Sector: The insurance sector plays a crucial role in the modern financial ecosystem, offering protection against unforeseen events through legally binding agreements known as insurance contracts. At the heart of this industry is the principle of risk-sharing. One party, typically the insurer, assumes the responsibility of covering financial losses…
GST Exemption on Rs 5 Lakh Health Insurance: India’s middle class could soon experience a significant tax relief as the GST Council is considering scrapping the 18% Goods and Services Tax (GST) on health insurance policies worth up to ₹5 lakh. This move, if implemented, could provide a crucial financial breather to millions of families…
How NRIs Can Benefit from Buying: For Non-Resident Indians (NRIs), safeguarding the health and financial well-being of their loved ones back in India is a top priority. With rising healthcare costs globally and increasing lifestyle-related health risks, having a robust health and term insurance policy is not just a necessity but a financial strategy. Indian…
Banks & Insurance Mis-selling: In a significant move aimed at protecting Indian consumers from misleading financial practices, the Department of Financial Services (DFS) Secretary M Nagaraju has issued a stern warning to banks regarding the mis-selling of insurance products. Addressing an event announcing a strategic partnership between the Central Bank of India and Generali Group…
New Law on Social Insurance 2025: The Vietnamese government has introduced a transformative piece of legislation—the Law on Social Insurance (2025)—which will officially come into force on July 1, 2025. This law is a vital reform aiming to enhance long-term social security, increase benefits for insured individuals, and expand coverage to new groups of workers….
Caring for Your Parents from Afar: Living away from your ageing parents is a deeply emotional experience, especially for Non-Resident Indians (NRIs). While video calls, messages, and occasional visits help bridge the emotional gap, one crucial aspect that often keeps NRIs worried is their parents’ healthcare needs. With age, medical requirements become more frequent and…
Aviation Insurance Premiums Set to Rise in 2025: 2025 has taken a grim turn for global aviation, with over 480 air fatalities reported—marking the deadliest year in over a decade, according to the Virginia-based Flight Safety Foundation. The recent tragic crash of Air India AI 171 near Ahmedabad airport has been the latest in a…
79% Indians Unsure About Adequate Insurance Coverage: A recent report by leading InsurTech firm CoverSure has revealed an alarming reality: a staggering 79% of Indian policyholders are uncertain if their insurance coverage is sufficient. Despite owning life, health, and motor insurance policies, most individuals remain unaware of what their plans actually cover. This points to…
