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Insurers reviewing Black Sea ship cover after Russia suspension

Insurers reviewing Black Sea ship cover after Russia suspension

by AIP Online Bureau | Jul 17, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“Annual cover remains in place but voyages to listed areas will be assessed individually as and when seen,” Neil Roberts, head of marine and aviation at Lloyd’s Market Association, which represents the interests of all underwriting businesses in Lloyd’s. Insurers are...
Luxury car market in India poised for record sales in 2023 after stellar H1 numbers

Luxury car market in India poised for record sales in 2023 after stellar H1 numbers

by AIP Online Bureau | Jul 17, 2023 | Data, Eco/Invest/Demography, Non-Life

BMW Group India President Vikram Pawah said, ”In the second half also we will break records… It will be even better (than H1) with supplies becoming normal. We’ll be having a record year if all things remain constant in the economy. The demand seems...

IRCTC travel insurance: Passengers now automatically covered, can opt out too

by AIP Online Bureau | Jul 17, 2023 | Indian News, Non-Life

Passengers booking their train tickets on the IRCTC portal are now automatically provided insurance cover for Rs 10 lakh, a senior insurance industry official told IANS The policy covers death/disabilities/medical expenses due to a train accident during the travel....
SC quashes SAT’s stay on IRDAI’s order transferring  Sahara Life’s biz to SBI Life

SC quashes SAT’s stay on IRDAI’s order transferring Sahara Life’s biz to SBI Life

by AIP Online Bureau | Jul 17, 2023 | Indian News, Life, Regulation

A two-judge bench of the apex court asked the SAT to decide the case afresh on August 3 observing that the appellate tribunal passed the stay order without providing any valid reason New Delhi: In its third hearing, the Abhay S Oka Supreme Court on Monday overturned...

13.5 cr Indians move out of multidimensional poverty in 5 years: Niti Aayog report

by AIP Online Bureau | Jul 17, 2023 | Data, Eco/Invest/Demography

The report said rural areas witnessed the fastest decline in poverty from 32.59 per cent to 19.28 per cent, while the urban areas saw a reduction in poverty from 8.65 per cent to 5.27 per cent. Providing multidimensional poverty estimates for the 36 states and Union...
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