Page-4 of Service industries
19 insurers remained profitable in 2015-16
IRDAI’s annual report has stated that out of 24 life insurance companies, only 19 insurers remained profitable in 2015-16. The life insurance industry has reported a profit of 7,415 crore rupees in 2015-16. The inflation-adjusted insurance premium in India increased ..
PCOs, Kirana shops, petrol pumps, to be new Insurance Agents
With the aim to expand the reach of insurance in the country, the Insurance Regulatory and Development Authority (IRDA) has suggested to permit owners of kirana shops, fair price shops, medical shops, petrol pumps, individual Public Call Office (PCO) to ..
Month: Current Affairs - July, 2012
Category: Government Schemes Current Affairs
Rs 2,000-cr pharma research fund : Exim Bank
The Export Import Bank of India (Exim Bank) will utilize Rs 2,000-crore fund in research activities for the pharma sector. It is being done to increase exposure in research and development. The fund has been allocated by the Commerce Ministry ..
Month: Current Affairs - July, 2012
Category: Government Schemes Current Affairs
Odisha, LIC sign agreement to insure 8 lakh kendu leaf pluckers
Month: Current Affairs - July, 2012
IRDA unveils portal to educate public on insurance
Insurance Regulatory and Development Authority (IRDA) started a website to educate consumers for buying insurance services. Website: www.policyholder.gov.in The website will offer valuable information for the benefit of policyholders and prospects. It provides guidelines on buying insurance, standard claim procedures ..
Month: Current Affairs - June, 2012
Steps Taken By Government for development of Hotel Industry
GoI has taken several steps to boost development of hotel accommodation in India. Some of the important steps taken in the recent times are:- Hotel and Tourism associated industry has been announced as high priority industry and FDI up to ..