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The life insurance industry in total paid 8.46 lakh claims on individual policies, with a total payout of Rs 18042 crore in the FY20, data from the latest Insurance Regulatory and Development Authority of India’s annual report showed. Claim settlement ratio is a metric to gauge the percentage of life insurance claims an insurer has settled during a financial year against the number of claims it receives in the period.
India's post pandemic recovery could be uneven: Deepak ParekhIn his annual letter to shareholders, the elder statesman of Indian finance said but for the Reserve Bank of India's interventions, the financial system may have been `decimated.' In a four page letter as part of the mortgage… Read MoreFPIs mount bearish derivatives bets on Nifty on Fed taper talkThe long to short ratio — a measure of the number of bullish positions versus bearish — of overseas investors in Nifty futures declined to 65% on Wednesday from the year’s high of 88.87% on May 27. This shows these investors … Read MoreNBFCs’ vehicle loan and MFI collections hit most by Covid 2.0"Capacity utilisation has dropped significantly to 40%-60% which makes debt servicing a challenge. A similar impact has been seen by vehicles that are involved in tourist services, school bus operations, and local conveyance … Read MoreFPIs fill up on oil & gas stocks as rising crude boosts marginsImproving realisation on petroleum products, the likelihood of higher refining margins due to higher crude prices, and better marketing margins have rekindled investor interest in these stocks. The energy stocks inflow consti… Read MoreBanks getting ready for rise in credit demand, raising capitalState-owned Indian Bank has launched a Rs 4,000-crore share sale to institutional investors, while the country's largest lender State Bank of India received its board’s approval to raise Rs 14,000 crore through issuance of ad… Read More
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