Private insurer DHFL Pramerica Life Insurance (DPLI) today reported a profit after tax ( PAT) of Rs 6.7 crore for the quarter ended June 30, 2015, against Rs 5.5 crore in the corresponding quarter of 2014-15.
In its latest attempt to boost investment, the government on Thursday notified new norms putting in place composite foreign investment limits — including non-resident Indian, venture capital, direct, institutional, portfolio flows from overseas — for all sectors other than banking and defence. The decision will allow greater flexibility to FIIs in several sectors, including retail, brownfield ventures in pharmaceuticals as well as insurance and pension, where they can invest up to 49% without having to seek government approval.
Insurance industry officials warn that Uber drivers don’t have the proper accident coverage and are putting themselves and the public at risk when they get behind the wheel
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