IRDA Decides To Unshackle Tariff Rates For General Insurers.
The last few years, have been quite eventful for the insurance industry , specially in the otherwise dry non life sector. There was a time when private insurance companies were allowed to enter the field, while General Insurance Company and its counterparts/ subsidiaries hailed monopoly in the non life segment. All companies followed the fixed premium rate, the products were undifferentiated and there was limited coverage for every product line.
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  LIC’s New Credit Card Venture
The Life Insurance Corporation Of India is all set to make it big again. India’s credit card industry is on the verge of welcoming the public sector giant as a new member of the very vast family. According to CNBC- TV 18, LIC is set to forge an alliance with one of the world's biggest financial services company to launch credit cards.
According to sources, GE Capital services, the largest issuer of private label credit cards is said to have had talks with LIC for a joint venture into credit card business.
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  Rising Rupee And Its Effects
The Indian Rupee is appreciating fast. And this rise is affecting many sectors in good or bad ways. Take a quick look on the effect of the rising rupee on various industries;
Rising rupee hits small exporters;
Small exporters are especially facing the brunt here. Unlike large exporters, these people do not have any financial reserves to fall back on.
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