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Women having  their own source of income are more likely to own insurance:ICICI Lombard Report

Women having their own source of income are more likely to own insurance:ICICI Lombard Report

by AIP Online Bureau | Mar 28, 2023 | Articles, Eco/Invest/Demography, Health, Non-Life, Workplace/Employee Benefits

Sanjeev Mantri, executive director, ICICI Lombard General Insurance said, “As data shows only a small percentage of women in India consider general insurance a priority. This highlights the need for more awareness and education on general insurance among women in...

India’s $1 trillion sovereign bond market sees rising clout of insurers

by AIP Online Bureau | Mar 28, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life

“Insurance companies have been one of the key investors in long-maturity bonds,As the penetration and reach of distribution channels increase, we expect that the growth in the sales of the traditional products to continue to grow, and consequently the demand for...
IRDAI removes caps on commissions paid to intermediaries within Expense of Management(EOM)

IRDAI removes caps on commissions paid to intermediaries within Expense of Management(EOM)

by AIP Online Bureau | Mar 28, 2023 | Health, Indian News, Intermediaries, Life, Non-Life

The government last Sunday has notified the new regulations, as approved by insurance regulator IRDAI , on the removal of cap on payment of commission to the intermediaries Oveall limit of Expense of Management(EoM) for the insurers will be fixed by insurance...

610 cases of Covid’s new variant XBB1.16 found in India: INSACOG data

by AIP Online Bureau | Mar 27, 2023 | Data, Eco/Invest/Demography, Health, Pandemic

The highest number of Covid cases caused due to this variant has been found in Maharashtra and Gujarat at 164 each, followed by 93 Telangana and 86 in Karnataka, according to INSACOG data. A total of 610 cases of Covid’s XBB.1.16 variant, which might have been...

Credit Suisse bondholders consider legal advice on extinguished AT1 Bonds

by AIP Online Bureau | Mar 27, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Regulation

Some distressed debt-type funds have been buying Credit Suisse’s AT1s for a few cents on the dollar. The bonds were traditionally held by institutional investors. Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss...
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