Policyholders in for a double whammy

With the Finance Bill 2010-11 proposing payment of 10.3 per cent service tax by hospitals on cashless settlements, it may be a double whammy for policyholders: Higher premiums as well as soaring......

Irda liberalises investment norms

The Insurance Regulatory and Development Authority allowed on Tuesday insurers to acquire up to 20 per cent debt and equity in an infrastructure-related company, compared with 10 per cent earlier.......

Chanda Kochhar offers to be director of ICICI Securities

Kochhar retires by rotation, and being eligible, has offered herself for reappointment as director, said the broking arm in a notice for its Annual General Meeting to be held on August 30 ICICI......

Budget 2023 wish list: Insurers bat for hike in tax deduction limit

Ahead of the Union Budget 2023, insurers are hoping that the Centre will act on their recommendations, which includes increasing the limit for tax deduction under 80D of the Income Tax Act.......