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ACTUARIAL ASSUMPTIONS
SC's ₹30,000 homemaker benchmark may lift accident compensation payoutsA Supreme Court ruling has assigned a notional monthly value of ₹30,000 to unpaid household work. This decision is expected to significantl...- HDFC Life CEO Vibha Padalkar: 'I focused on what I had, not what I didn’t' and a journey of resilienceHDFC Life CEO Vibha Padalkar’s journey reflects resilience shaped by early family influence and a belief in long-term thinking. After early...
- Creating a mirage called employee: Another way a management can manipulate profits and mislead investorsJust another line item near depreciation and finance costs, with the real assumptions and calculations buried deep in the notes. That is pr...
- Irdai raises concerns over tweaks to show solvency ratioIrdai is worried about some life insurers. These insurers are allegedly changing actuarial assumptions. This is to keep solvency ratios abo...
- ICICI Prudential shares surge 6% after Q4 profit zooms 122% YoY to Rs 386 croreICICI Prudential Life Insurance witnessed a significant surge in net profit for Q4 FY25, soaring by 122% YoY to ₹386 crore, driven by reduc...
- New shareholders’ fund boosted PSU’s embedded value nearly 5xLIC’s embedded value (EV) jumped to nearly Rs 5.4 lakh crore in September 2021. This was more than five times higher from the Rs 95,605-cro...
- Life insurance see 5-10x surge in Covid claims in AprilThe second wave of Covid has pushed up claims for life insurance companies by 5-10 times for April 2021.
- LIC IPO: Dipam extends deadline for bids to appoint actuarial firmTaking the next step towards the public listing of the country’s largest public insurer, the Department of Investment and Public Asset Mana...
- IRDAI working group suggests broad framework for insuring dronesAmong other things, the group in its report has come out with Specimen Policy Wording (Drone Insurance) which includes various definitions ...
- Your insurance premium is likely to cost less from April 1The revised Indian Assured Lives Mortality table 2012-14 showed that mortality rates among the insured fell 4-16% for those aged between 22...
- Ayushman Bharat may need Rs 20,000 crore injection in first year: Insurance ActuariesPremium likely be around Rs 2,000 per family to start with and can rise to Rs 5,000 in the long run. The cover is expected to take care of ...
- GE's surprise $15 billion shortfall was 14 years in makingIn 2004, GE spun out an insurance unit, Genworth Financial Inc., through a stock offering. The move was important to the parent company. It...
- Get ready to own a stake in your favourite insurer as six companies line up IPO plansThe companies that have line up IPO plans are New India Assurance, National India, United India and Oriental India, reinsurer GIC Re and IC...
- Irda okays most plans ahead of October deadlineInsurance regulator has cleared most of the products filed by various insurance companies before the new norms kick in from October 1.
- IRDA to tighten criteria for appointment of actuariesTo enhance scrutiny in insurance business, IRDA is working on tightening the criterion for appointment of actuaries
- New accounting norms for retirement benefitsGovernment will now allow firms not to show the effect directly in their books of accounts but reflect them separately in a reserve account...
- Retirement liabilities can be shown as reservesThe country’s apex body on accounting standard has cleared way for a change in the way Indian companies account for their employee’s post-r...
- Banks seek review of tax exemption limit on gratuityBanks, which will now be required to set aside higher provisions for employee gratuities under the new accounting norms, have urged the gov...
- Corporate India braces up to face pension liabilitiesThe pension liabilities, which corporate houses and banks have to provide for in their books from the end of this fiscal year, are set to v...
- Insurers take note of longer lifeSoon, you may pay less for life insurance policy depending on where you live and how long.
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