Key points from an interview of Mr. Subhash Khuntia, Chairman, IRDAI published in TOI (18th Nov, 2020) WFH will create more demand for cyber insurance Insurance is by definition a counter-cyclical measure to protect you against any economic downturn Incidence of natural catastrophes and pandemics has become more pronounced leading to increased demand Out of […]
Penetration at 3.7% is quite low against the global average of nearly 7% Chinese insurers have over 15% share of term protection while for India on a weighted premium basis, it is in single digits. Endowment plans give topline, and other products contribute to the bottomline. Three protection policies need to be sold to match […]
Vehicle registrations in the country increased by 4% in August from July. Sharpest recovery was in passenger vehicles with sales dipping only 7% over August last year (13.4% increase over July’20). Tractor sales were higher than a year earlier for the third straight month. Source: Federation of Automobile Dealers’ Associations – compiled from government’s VAHAN […]
