Talks on for waiving service tax on life insurance premium: IRDA
India’s insurance regulator IRDA Saturday said it is holding talks with the union finance ministry for waiving the service tax on the savings part of life insurance premium.
Minnesota insurance pool for hard-to-cover patients set to close in 2015
Minnesota officials have proposed closing a health insurance safety net in 2015 for people with costly pre-existing health conditions because it shouldn’t be needed under the federal overhaul of the nation’s health care system.
Aetna to exit California’s individual insurance market
(Reuters) – Aetna Inc said on Saturday it has notified California’s insurance regulator that it plans to stop selling health policies to individual consumers in the state at the end of 2013. The company will continue to offer health insurance to employers and Medicare beneficiaries in California, as well as dental and life-insurance products, Aetna spokeswoman Anjie Coplin told Reuters. But …
The Philippine Deposit Insurance Corporation at 50: Committed to serve
The Philippine Deposit Insurance Corporation (PDIC) was established on June 22, 1963, by Republic Act 3591 to provide depositor protection and help maintain stability in the financial system by providing permanent and continuing deposit insurance up to the maximum deposit insurance coverage (MDIC) of R500,000, per depositor, per bank.
Flood insurance changes to hit local wallets hard
Flood insurance policy holders would do well to flood their savings accounts with extra dollars in the months ahead. Significant premium increases will take effect this October as part of changes to the National Flood Insurance Program.