Indian News

Digit Insurance crosses 2 mn customers in 16 months

Non-Life, Technology       Mar 26, 2019

  Bangalore:  Digit Insurance today announced that it crossed a landmark achievement of two million customers within a short span of 16 months of operation.   During the tenure the company has also closed more than 30,000 claims this March 2019 with 92% claim settlement ratio for...

Prudential Holdings to sell up to 3.71% in ICICI Pru Life to raise Rs 1,600 cr

Life       Mar 25, 2019

   Mumbai: Prudential Corporation Holdings Ltd plans to sell up to 3.71 per cent stake in ICICI Prudential Life Insurance Co Ltd to raise nearly Rs 1,600 crore. The offer for sale of shares by the promoter begins on Tuesday.   "Prudential Corporation Holdings (the seller) of...

Sebi modifies commissions, disclosure norms for MF industry

Life, Wealth Management       Mar 25, 2019

  Mumbai: Markets regulator Sebi on Monday reviewed and modified the commission as well as disclosure norms for the mutual fund industry. The move comes after the regulator in October 2018 asked the asset management companies (AMC) to adopt full trail model of commission in all...

Congress president Rahul Gandhi

Rahul Gandhi promises big-bang minimum income scheme; 20 % families to get Rs 72K annually

Eco/Invest/Demography       Mar 25, 2019

  New Delhi: In a big bang election promise, Congress president Rahul Gandhi on Monday announced that 20 per cent families belonging to the poorest category will be given Rs 72,000 each annually as minimum income if his party comes to power.   The money will be...

PMSYM scheme: Government eyes over 1 crore enrolments by April-end

Eco/Invest/Demography, Pension       Mar 24, 2019

  New Delhi: The government is expecting to cross 1 crore enrolments by April-end under the Pradhan Mantri Shram-Yogi Maandhan (PMSYM) Yojna -- a pension scheme for unorganised sector workers, a senior official has said.   The PMSYM scheme provides for a minimum monthly assured pension of...

Air India's renewal prm doubles, pays $ 28 mn to cover its 180 aircraft in 2018-19

Non-Life, Reinsurance       Mar 22, 2019

  MUMBAI: A host of adverse factors including the recent crash of one of the Ethiopean Airlines aircraft, have put an end to the days of  discounts for the national carrier Air India(AI), whose insurance renewal cost, at around $28 million, has doubled in 2018-19.   The...

India could boycott China's Belt and Road Forum for the second time

Eco/Invest/Demography       Mar 20, 2019

  Beijing: India on Wednesday signalled that it will boycott China's second Belt and Road Forum for a second time, saying no country can participate in an initiative that ignores its core concerns on sovereignty and territorial integrity.   India boycotted the first Belt and Road Forum...

Sale deal in final stage of completion: Star Health

Health       Mar 19, 2019

  Chennai: Private sector insurer Star Health and Allied Insurance Company Ltd was in the final stage of completion of sale process and the transition was likely to happen in first quarter of the next financial year, a top official said. "A consortium has won the...

Higher Incidences of renal disorders among  Millennials: SBI Gen Study

Eco/Invest/Demography, Health       Mar 19, 2019

  Mumbai: While heart attacks and neurological disorders continue to be the top life-threatening ailments across the country, kidney related disorders are on the prowl and on a steady rise, particularly amongst the millennials, reveals a study conducted by SBI General Insurance. The study comes out...

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