This article is part of the series 30 Years After: Review and Renew the Reforms Agenda. At the heart of the complex web of bits and bytes that is the modern financial system is the ability to exchange and transfer capital (money) between various participants in an economy. Borrowers, lenders, investors and entrepreneurs form the...
Insurance companies are in focus as the Insurance Regulatory and Development Authority of India (IRDAI) has received complaints about COVID policies not being offered and renewed. Atul Sahai, CMD of the New India Assurance Company and Monika Halan, Author of Let’s Talk Money shared their views. “As far as New India Assurance is concerned, I...
The number of policyholders is 30 crore. Assets under management are Rs 27.6 lakh crore (to see this in context, understand that the annual budget of India for FY 22 is Rs 34.8 lakh crore). An annual premium pipeline of Rs 3.4 lakh crore. A household name that for decades has meant life insurance in...
It is almost as if you can see the conflict: there is the desire to do the right thing by the customer, but the DNA of an institution that does not believe in consumer rights comes in the way. The insurance regulator is torn with this dichotomy, of watching its capital market counterpart take giant...
Doctor or chemist. Sebi settles the issue with a client level segregation approach.
2018 was a tough year for your money. Risk came home and we learnt 4 lessons.
For a product that needs a total rehaul, the insurance regulator is making a joke of consumer protection.
Insurance companies in India have an intent problem. They don't intend to pay claims.
IDBI Bank deal will be less than 1% of the Rs 23 trillion AUM of LIC. Who should worry? Not investors, but the govt.
Honest, rule-book loving men are the required characteristics of the new Indian regulators.