India has a diversified financial sector, which is undergoing rapid expansion. The sector comprises commercial banks, insurance companies, non-banking financial companies, co-operatives, pension funds, mutual funds and other smaller financial entities. The financial sector in India is predominantly a banking sector with commercial banks accounting for more than 60 per cent of the total assets held by the financial system says Pawan Bansal MD of Altius Finserv.
October 2016 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
About Us
Our Team
INDUSTRY ANALYSIS : Insurance
Brand Analysis: Bata
Case Study Analysis: Ola
Concept of the month: Bug Bounty
Guest Lecture by Devang Mehta
July 2015 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
About Us
Our Team
INDUSTRY ANALYSIS : Insurance Industry
COMPANY ANALYSIS : Reliance - General & Life Insurance
BRAND ANALYSIS : Walt Disney
Concept of the month: Rule of 3 and 4
ICICI Prudential Housing Opportunities Fund - Brochureiciciprumf
Give your portfolio the keys to success by investing in the growing housing theme. The ICICI Prudential Housing Opportunities Fund allows you to potentially build wealth as the housing sector continues to grow. Hurry! NFO closes on April 11, 2022. Click on the link to know more: https://bit.ly/3tPVTvH
ICICI Prudential Housing Opportunities Fund - Investor PPTiciciprumf
Include a potential rise in your portfolio as the housing theme rises too. The door is open to invest in India’s booming housing sector with the ICICI Prudential Housing Opportunities Fund. NFO closes April 11, 2022.
Click on the link to know more:
https://bit.ly/3tPVTvH
October 2016 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
About Us
Our Team
INDUSTRY ANALYSIS : Insurance
Brand Analysis: Bata
Case Study Analysis: Ola
Concept of the month: Bug Bounty
Guest Lecture by Devang Mehta
July 2015 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
About Us
Our Team
INDUSTRY ANALYSIS : Insurance Industry
COMPANY ANALYSIS : Reliance - General & Life Insurance
BRAND ANALYSIS : Walt Disney
Concept of the month: Rule of 3 and 4
ICICI Prudential Housing Opportunities Fund - Brochureiciciprumf
Give your portfolio the keys to success by investing in the growing housing theme. The ICICI Prudential Housing Opportunities Fund allows you to potentially build wealth as the housing sector continues to grow. Hurry! NFO closes on April 11, 2022. Click on the link to know more: https://bit.ly/3tPVTvH
ICICI Prudential Housing Opportunities Fund - Investor PPTiciciprumf
Include a potential rise in your portfolio as the housing theme rises too. The door is open to invest in India’s booming housing sector with the ICICI Prudential Housing Opportunities Fund. NFO closes April 11, 2022.
Click on the link to know more:
https://bit.ly/3tPVTvH
Investment Insurance - Prospects of insurance sector in indiaGaurav Kadam
Investment Insurance policy cum investment insurance plans from Bajaj Allianz that will help you secure your families future and see your investments grow steadily.
https://www.bajajallianz.com/Corp/investment-plans/investment-plans.jsp
The Case for Increasing FDI Caps in Insurance
The history of India’s political economy is replete with missed opportunities. The approach to growth and investment has been often stranded in the many romantic notions of selfreliance and what constitutes national interest. In every
decade since Independence, the approach to foreign direct investment has been influenced by a mistrust triggered by a colonial hangover. Every time India has opened its doors – or windows if you please – to foreign investment, it has been characterised by gradualism in the wake of much opposition. The debates around opening or expanding FDI are similar – as it was when telecom or banking opened up for foreign investment. What is important to recognise is that every such initiative has been beneficial, delivering greater common good.
Higher economic growth is driven by competition and consumer choice. Competition drives efficiency and efficiency drives growth. This is true of every country that has done well economically. It is also true of India since 1991, in segments where competition has been introduced. Any attempt to artificially introduce protection always has costs. Inefficient producers are protected, but at the expense of consumers. Consumers suffer from higher prices,bad service and limited choice. This is straightforward under-graduate economic theory. The gains to inefficient producers are more than neutralized by losses to consumers, leading to an overall deadweight welfare loss to the country.
In this argument, the colour of the competition, whether it is domestic or foreign, does not matter. In addition, there is the macroeconomic argument about a current account deficit having to be met through capital account inflows and non-debt-creating FDI inflows are preferable to debt-creating capital inflows. While these broad arguments about competition and FDI are accepted, the question to ask is, why should the insurance sector not be subject to these compelling arguments? Is there anything special about insurance that rational arguments should not be applied to
this sector? In every sector where India has opened up to FDI, be it manufacturing or be it services, two propositions are empirically evident. First, liberalization helps consumers. Second, fears about inefficient producers being eliminated are also vastly exaggerated.
Instead, producers of goods and services adapt and survive, based on access to capital, technology, knowhow, improved management practices and customer orientation. Therefore, protection not only harms the cause of consumers, it also harms the cause of producers. There is no reason why insurance should be treated differently. And economic logic and rationale should not be conditional on whether one is within the government or is in opposition.
Indian Insurance Industry: Reaching out to Exponential Growth Resurgent India
From Insurance being seen as a basic protection instrument against expected losses, the Indian Insurance industry has surely come a long way to become an absolute critical driver of economic prosperity and growth. The sector has helped account for risks; provide funds for capital intensive national building efforts besides lending social security to the citizens. Over a period of decade and a half, the industry has witnessed phases of spurt growth and moderation, intensifying competition and expansion of customer and geographic coverage.
Public Affairs Round-up - September 2014 - MSLGROUPAshraf Engineer
After the bruising general election, India’s new government got down to the business of preparing the Union Budget. Much was expected of the Narendra Modi regime, which projected a pro-business, pro-reform image throughout the campaign.
While reactions to the Budget were mixed, it did include two important policy changes. Investment norms for insurance and defence manufacturing were changed to attract more foreign players. Both sectors have been touchy topics, with battlelines drawn between those for liberalised investment norms and those in favour of a more conservative approach.
It’s clear that a long, hard road lies ahead on the economic front and that these are the first steps of a fledgling government of which much is expected. There will be other, tougher decisions to make – reducing subsidies, a simpler tax regime that protects states’ interests and a land acquisition policy that will spur industrial growth while conserving land-owners’ interests, to name just a few.
With this edition, MSLGROUP’s Public Affairs Round-up takes on a new look and structure too. Now onwards, PAR will be a quarterly. It will have more detailed analyses and content than its earlier avatar, and will incorporate commentary and data that is more relevant to you.
MSLGROUP’s insights team will play the role of an observer of the Indian economic and policy environment, and will provide analyses that we hope will benefit you.
Investment Insurance - Prospects of insurance sector in indiaGaurav Kadam
Investment Insurance policy cum investment insurance plans from Bajaj Allianz that will help you secure your families future and see your investments grow steadily.
https://www.bajajallianz.com/Corp/investment-plans/investment-plans.jsp
The Case for Increasing FDI Caps in Insurance
The history of India’s political economy is replete with missed opportunities. The approach to growth and investment has been often stranded in the many romantic notions of selfreliance and what constitutes national interest. In every
decade since Independence, the approach to foreign direct investment has been influenced by a mistrust triggered by a colonial hangover. Every time India has opened its doors – or windows if you please – to foreign investment, it has been characterised by gradualism in the wake of much opposition. The debates around opening or expanding FDI are similar – as it was when telecom or banking opened up for foreign investment. What is important to recognise is that every such initiative has been beneficial, delivering greater common good.
Higher economic growth is driven by competition and consumer choice. Competition drives efficiency and efficiency drives growth. This is true of every country that has done well economically. It is also true of India since 1991, in segments where competition has been introduced. Any attempt to artificially introduce protection always has costs. Inefficient producers are protected, but at the expense of consumers. Consumers suffer from higher prices,bad service and limited choice. This is straightforward under-graduate economic theory. The gains to inefficient producers are more than neutralized by losses to consumers, leading to an overall deadweight welfare loss to the country.
In this argument, the colour of the competition, whether it is domestic or foreign, does not matter. In addition, there is the macroeconomic argument about a current account deficit having to be met through capital account inflows and non-debt-creating FDI inflows are preferable to debt-creating capital inflows. While these broad arguments about competition and FDI are accepted, the question to ask is, why should the insurance sector not be subject to these compelling arguments? Is there anything special about insurance that rational arguments should not be applied to
this sector? In every sector where India has opened up to FDI, be it manufacturing or be it services, two propositions are empirically evident. First, liberalization helps consumers. Second, fears about inefficient producers being eliminated are also vastly exaggerated.
Instead, producers of goods and services adapt and survive, based on access to capital, technology, knowhow, improved management practices and customer orientation. Therefore, protection not only harms the cause of consumers, it also harms the cause of producers. There is no reason why insurance should be treated differently. And economic logic and rationale should not be conditional on whether one is within the government or is in opposition.
Indian Insurance Industry: Reaching out to Exponential Growth Resurgent India
From Insurance being seen as a basic protection instrument against expected losses, the Indian Insurance industry has surely come a long way to become an absolute critical driver of economic prosperity and growth. The sector has helped account for risks; provide funds for capital intensive national building efforts besides lending social security to the citizens. Over a period of decade and a half, the industry has witnessed phases of spurt growth and moderation, intensifying competition and expansion of customer and geographic coverage.
Public Affairs Round-up - September 2014 - MSLGROUPAshraf Engineer
After the bruising general election, India’s new government got down to the business of preparing the Union Budget. Much was expected of the Narendra Modi regime, which projected a pro-business, pro-reform image throughout the campaign.
While reactions to the Budget were mixed, it did include two important policy changes. Investment norms for insurance and defence manufacturing were changed to attract more foreign players. Both sectors have been touchy topics, with battlelines drawn between those for liberalised investment norms and those in favour of a more conservative approach.
It’s clear that a long, hard road lies ahead on the economic front and that these are the first steps of a fledgling government of which much is expected. There will be other, tougher decisions to make – reducing subsidies, a simpler tax regime that protects states’ interests and a land acquisition policy that will spur industrial growth while conserving land-owners’ interests, to name just a few.
With this edition, MSLGROUP’s Public Affairs Round-up takes on a new look and structure too. Now onwards, PAR will be a quarterly. It will have more detailed analyses and content than its earlier avatar, and will incorporate commentary and data that is more relevant to you.
MSLGROUP’s insights team will play the role of an observer of the Indian economic and policy environment, and will provide analyses that we hope will benefit you.
After the bruising general election, India’s new government got down to the business of preparing the Union Budget. Much is expected of the Narendra Modi regime, which projected a pro-business, pro-reform image throughout the campaign.
While reactions to the Budget were mixed, it did include two important policy changes. Foreign direct investment norms for insurance and defence manufacturing were changed to attract more foreign players. Both sectors have been touchy topics, with battlelines drawn between those for liberalised investment norms and those in favour of a more conservative approach.
Whatever the merits of each argument, it’s clear that a long, hard road lies ahead on the economic front and these are the first steps of a fledgling government of which much is expected. There will be other, tougher decisions to make – reducing subsidies, a simpler tax regime that protects states’ interests and a land acquisition policy that will spur industrial growth while conserving land-owners’ interests, to name just a few.
With this edition, MSLGROUP’s Public Affairs Round-up takes on a new look and structure too. Now onwards, PAR will be a quarterly. It will have more detailed analyses and content than its earlier avatar, and will incorporate commentary and data that is more relevant to you.
MSLGROUP’s insights team will play the role of an observer of the Indian economic and policy environment, and will provide analyses that we hope will benefit you and your business. As always, we look forward to your feedback.
The Report is a brief overview of Healthcare Insurance Market in India. It covers Market Size and Forecasts, Competitive Structure, Growth Analysis, Impact Analysis and Recommendations.
New Tax Regime User Guide Flexi Plan Revised (1).pptx
Altius Finserv financial services
1. Altius Finserv Discuss on Financial Services
Introduction
India has a diversified financial sector, which is undergoing rapid expansion. The sector comprises
commercial banks, insurance companies, non-banking financial companies, co-operatives, pension
funds, mutual funds and other smaller financial entities. The financial sector in India is predominantly a
banking sector with commercial banks accounting for more than 60 per cent of the total assets held by
the financial systemsaysPawanBansal MD of AltiusFinserv.
India's financial services sector such as Altius Finserv has always served the country’s economy well,
accounting for about 57 per cent of the gross domestic product (GDP). In this regard, the financial
servicessectorhasbeenanimportantcontributor.
The Government of India has introduced reforms to liberalise, regulate and enhance this industry. At
present, India is undoubtedly one of the world's most vibrant capital markets. Challenges remain, but
the future of the sector looks good. The advent of technology has also aided the growth of the industry.
About 75 per cent of the insurance policies sold by 2020 would, in one way or another, be influenced by
digital channels during the pre-purchase, purchase or renewal stages, as per a report by Boston
ConsultingGroup(BCG) andGoogle India.
Market Size
The size of banking assets in India reached US$ 1.8 trillion in FY14 and is expected to touch US$ 28.5
trillionbyFY25.
The Association of Mutual Funds in India (AMFI) data show that assets of the mutual fund industry have
hit an all-time high of about Rs 12 trillion (US$ 189.83 billion). Equity funds had inflows of Rs 5,217 crore
(US$ 825.49 million), taking total inflows on a year-to-date basis to Rs 61,089 crore (US$ 9.66 billion).
Income funds and liquid funds account for the largest proportion of AUM, with Income funds accounting
for Rs 5.22 trillion(US$82.59 billion) andequityfundsaccountingforRs3.06 trillion(US$48.41 billion).
During 2013-14, the life insurance industry recorded a premium income of Rs 3.14 trillion (US$ 49.67
billion), as against Rs 2.87 trillion (US$ 45.39 billion) in the previous financial year, registering a growth
of 9.4 per cent.
India’s life insurance sector is the biggest in the world with about 36 crore policies, which are expected
to increase at a compounded annual growth rate (CAGR) of 12-15 per cent over the next five years. The
insurance industry is planning to hike penetration levels to five per cent by 2020, and could top the US$
1 trillion mark in the next seven years. The total market size of India's insurance sector is projected to
touch US$ 350-400 billionby2020.
According to the recent data released by the Insurance Regulatory and Development Authority (IRDA),
the gross direct premium underwritten by non-life insurance companies during 2013-14 was Rs
77,538.25 crore (US$ 12.26 billion) compared to Rs 69,089 crore (US$ 10.92 billion) in 2012-13. The
2. gross direct premium underwritten during 2011-12 was Rs 58,119.71 crore (US$ 9.19 billion). The non-
life sectorgrowthwas19 per centin2012-13 and 23 percent in2011-12.
India is the fifteenth largest insurance market in the world in terms of premium volume, and has the
potential to grow exponentially in the coming years. Life insurance penetration in India is just 3.1 per
cent of GDP, which has almost doubled since 2000. A fast growing economy, rising income levels and
improving life expectancy rates are some of the many favourable factors that are likely to boost growth
inthe sectorinthe comingyears.
Altius Finserv Private Limited Investments are corpus in India’s pension sector expected to cross US$ 1
trillion by 2025, following the passage of the Pension Fund Regulatory and Development Authority
(PFRDA) Act2013.
