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English Release 20-May 2013
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- Prime Minister's Office
- Media Statement by Prime Minister during the State Visit of Chinese Premier H.E. Li Keqiang to India
- Min of Civil Aviation
- Civil Aviation Minister Takes Action Against Erring Officers
- Min of Consumer Affairs, Food & Public Distribution
- National Consumer Helpline Records 12,590 Calls in April, 2013
- Min of Defence
- NCC Cadets
Scaled Mount Everest
- Min of Earth Science
- LS Rathore Elected as Member of Executive Council of WMO
- Ministry of Finance
- Directorate General of Central Excise Intelligence (DGCEI) Books A Case Against M/S Bhushan Steels Ltd for Evasion of Central Excise Duty of about Rs. 24 Crore
- Min of Health and Family Welfare
- India and United Kingdom Sign MOU on cooperation in Health sector
- Min of Home Affairs
- Anti-Terrorism Day to be Observed on 21st May
- Min of New and Renewable Energy
- Revision of Guidelines For JNNSM
- Min of Petroleum & Natural Gas
- International crude oil price of Indian Basket Moves up
to 101.96/US$ bbl on 17.5.2013
- Min of Power
- Transmission of Surplus Power to Power Deficit States
- Ministry of Railways
- Commodity-Wise Freight Traffic Earnings by Railways During April 2013
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Ministry of Finance30-November, 2012 15:15 IST
| Penetration of Insurance Policy |
The Insurance Regulatory and Development Authority (IRDA) has informed that penetration of insurance (including life and non life) for India for the years 2010 and 2011 was 5.10 and 4.10 respectively. Life insurance penetration in India was higher than the world’s average in 2010 and the combined average is higher than Brazil and Russia and most of other countries of Asia including Bangladesh, Pakistan, China and Sri Lanka.
The Government periodically receives proposals for providing tax incentives, inter alia, for investments in insurance and mutual funds and examination of such proposals is a part of an on-going process.
This was stated by the Minister of State for Finance, Shri Namo Narain Meena in a written reply to a question in the Lok Sabha today.
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DSM/RS/ka
(Release ID :89705)
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