Indian News

Alderman Peter Estlin,the Lord Mayor of the City of London

Indo-UK partnership to focus on insurance,fintech, green finance and infrastructure investment

Eco/Invest/Demography, Non-Life, Technology       Jul 16, 2019

  London: Alderman Peter Estlin,the Lord Mayor of the City of London has said that UK and India can work together on more innovative and emerging industries, like Fintech, green finance and infrastructure investment.   He was speaking at India Day, an event organised by the Department...

Life insurers to refund premium in a yr old policy in case policyholder commits suicide:IRDAI

Life, Regulation       Jul 15, 2019

  Hyderabad: Changing its existing regulations, with effective from Monday, the insurance regulator IRDAI has asked the domestic life insurers to refund the premium to a policy holder or pay the surrender value of his/her policies available in case of his/her death due to suicide within...

Harsh Vardhan releases National Digital Health Blueprint, seeks inputs from stakeholders

Eco/Invest/Demography, Health       Jul 15, 2019

  New Delhi: Union Health Minister Harsh Vardhan on july 15 released the National Digital Health Blueprint (NDHB), which aims to create a national digital health eco-system, in public domain and sought inputs from various stakeholders on its vision.   The NDHB focuses on providing an efficient...

Indian IT managers facing budget crunch for cybersecurity

Non-Life, Risk Management, Technology       Jul 15, 2019

  Mumbai: Most Indian IT managers are struggling to respond to cybersecurity due to severe budget crunch, lack of expertise and up to date technology, a new survey said on Monday.   Over 80 per cent Indian IT managers said their organisation's cybersecurity budget - including people/technology...

Motor Vehicles (Amendment) Bill introduced in Lok Sabha

Eco/Invest/Demography, Non-Life       Jul 15, 2019

  New Delhi: The government Monday again introduced a bill to amend the Motor Vehicles Act that provides for higher penalties for violations and protection of good samaritans, among other provisions.   Amid concerns raised by some members over certain provisions in the bill, Road Transport Minister...

Govt plans to tweak PMFBY; to make crop insurance voluntary to all farmers

Eco/Invest/Demography, Non-Life       Jul 15, 2019

  New Delhi: Making crop insurance voluntary to all farmers, removal of high premium crops, giving flexibility to states to provide customised add on products -- are some of the key changes the Centre is planning to make to the Pradhan Mantri Fasal Bima Yojana (PMFBY),...

Relaxing foreign-ownership laws will benefit Indian insurers:Fitch

  Colombo: India's proposed removal of the foreign-ownership cap on insurance intermediaries is likely to increase competition, strengthen distribution capabilities to enhance insurance penetration and boost M&A in the medium to long term, said Fitch Ratings.   More international companies are likely to enter the fast-expanding Indian...

FPIs remain net buyers in July so far, infuse Rs 3,551 crore in markets

Eco/Invest/Demography       Jul 14, 2019

  New Delhi: Foreign investors have remained net buyers in the Indian capital markets this month so far, even as the equity segment saw robust outflows post the Budget.   According to the latest depositories data, foreign portfolio investors (FPIs) withdrew a net sum of Rs 4,953.77...

LIC new premium more than doubles in June; pushes industry collection to Rs 32,241 cr

Life       Jul 14, 2019

NEW DELHI: Led by LIC, life insurers' collective new premium income jumped 94 per cent to Rs 32,241.33 crore in June this year, according to data from Insurance Regulatory and Development Authority.    All the 24 life insurers had written new gross premium of Rs 16,611.57...