Category Archives: News & Analysis

As much as COVID19 pushed digitisation of services to the forefront, its effect on corporates hiring gig workers, freelancers has been similar. People no longer question the efficacy of remote working and this extended flexibility has led to the formation of a sizeable gig workforce for the country. According to ASSOCHAM, India’s gig economy is […]

Life insurance industry reported new business premium (NBP) growth to the tune of Rs 27,820.74 crore in August, driven by 21 percent year-on-year growth by private life insurers even as LIC reported a decline.   The country’s largest insurer, Life Insurance Corporation of India (LIC), reported a 3.8 percent y-o-y contraction. LIC earned NBP to […]

During conversations with his friends and family, Sudarshan Lodha realized that 60-70% of their money was invested in real estate and it was arguably the largest asset class.  Research also showed that most of the savings of Indians went into gold and real estate. And surprisingly, 24% of India’s money is put into residential real […]

Handling crisis and risk is at the core of insurance business. With the COVID-19 pandemic, insurance companies found themselves in the centre of a storm. In a matter of hours and days they had to make their entire operations remote. At the same time, the insurance regulator IRDAI clarified that Covid is covered under all […]

  Pravin Dabhi joined some of the world’s most successful life insurance agents at the prestigious Million Dollar Round Table (MDRT) for the seventh time in a row in July this year.   Dabhi started working as an LIC agent in 2014.   Interestingly, he operates only in a 2-km radius in Central Mumbai, which […]

Online investing platform Kuvera is among the beneficiaries of the equity markets bull run and the rising interest among tech-savvy youngsters to invest in financial instruments at the lowest possible cost. Direct investing platforms such as Kuvera, Zerodha and Groww, which offer zero commission mutual fund investments, have seen their investor base increase rapidly. As […]

The pandemic has forced India Inc to realise that employee benefits can be life-changing for their workforce.  Fall in productivity and retention, increased absenteeism, and declining mental health are some of the issues that a well-designed employee benefits programme can help circumvent. Organisations have therefore re-evaluated their employee benefit policies post pandemic to ensure they […]

When 18-year old Sankarsh Chanda conceptualized Savart in 2016, it was to build a high tech investment advisory company with an algorithm-based system to help people manage their money better. His mentor, however, asked him to conduct an on-ground survey. On speaking to people, he realized that some very basic problems kept people away from […]

In its latest monetary policy, the Reserve Bank of India has allowed direct retail participation in the government or treasury bonds. Retail or individual investors can now open a gilt account on the RBI’s electronic trading platform and bid for the bond in the auctions. The gilt account can be used to buy and sell […]

The net profit of top three listed life insurance companies was pulled down by rising Covid claims during the April-June quarter even though the business is expected to be back on track soon given the rising number of people opting for life insurance.   “India’s private life insurers’ business growth has taken a blow once […]