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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.
Stocks in the news: Adani Ports, IOC, Ircon, Mazagon Dock, GE Shipping and Airtel Indian Oil plans to monetise its hydrogen-producing facilities to raise about Rs 10,000 crore.
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… Read MoreBuy or Sell: Stock ideas by experts for March 03, 2021
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… Read MoreAfter GameStop saga, Melvin Capital gained 21.7% net of fees in FebruaryThe fund, founded by Gabe Plotkin, lost 53% in January when retail investors joined forces to drive up the stock to trade at more than $400 a share.
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… Read MoreETMarkets Morning Podcast: Nifty option sellers sending out bleak signal
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… Read MoreReliance on board as limited partner in Kalaari Capital’s 4th fundKalaari Capital is “honoured to have RIL as an anchor LP or limited partner in its recent fund”, founder Vani Kola says in an email to startup founders and investors, and that the two firms shared a “common enthusiasm” for in… Read More
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