In fiscal year 2025 (FY25), life insurers paid out ₹6.3 trillion in benefits, according to the insurance regulator’s September 2026 consultation paper on distribution costs. Of this, death claims accounted for ₹0.47 trillion, or a mere 7%. Maturity benefits took 35%, surrender payouts 37%, and annuity and pension payments the remaining 20%.
Federal Reserve Governor Michael Barr said on Wednesday that the central bank took an important step last week to “recalibrate” short-term borrowing costs in its effort to bring down inflation, and signalled that further rate hikes are likely needed, Reuters reported. “Risks to achieving our inflation target have increased, while risks to the labour market…
ET Intelligence Group: Wipro reported sustained momentum in order bookings and large deal wins for the June quarter. However, its revenue fell 1.4% sequentially to $2,614.5 million after a marginal improvement seen in the previous three quarters while operating margin contracted by 130 basis points to 16%, the lowest since the December 2023 quarter when…
South Korea’s Kospi stock index plunged more than five percent Monday morning as tech firms suffered another bout of heavy selling fuelled by concerns over the AI investment boom. The Kospi sank 5.6 percent to 7,058.82 in early exchanges, while chip titan SK hynix dived 10.1 percent, even after its US shares soared more almost…
Shares of jewellery companies including Titan Company, Sky Gold and Kalyan Jewellers, among others, fell up to 6% on Tuesday after Prime Minister Narendra Modi urged citizens to avoid gold purchases unless necessary in a social media video posted on Monday. In today’s session, Titan Company shares declined 2% to Rs 5,015, while Kalyan Jewellers…
Shares of Hindustan Aeronautics (HAL) gained 2% to Rs 5,044 on the BSE on Thursday after multiple brokerages hiked target prices for the defence major after it reported a 15% year-on-year (YoY) increase in its consolidated net profit to Rs 1,590 crore for the April-June quarter of FY27, compared with Rs 1,384 crore in the…
If you are prone to guilt, that can also drive you to act in ways that hurt you. “You should rationalize it,” said Aheesha Chopra, counselling psychologist and founder of Lyzfest in New Delhi. In other words, be clear about the rationale why you are not giving the money, such as that you can’t afford…