by AIP Online Bureau | Mar 24, 2023 | Eco/Invest/Demography, Indian News, Policy
Finance Minister Nirmala Sitharaman while presenting the 2023/24 budget on Feb. 1, had proposed that the government would scrap the tax exemption on the total returns upon maturity of life insurance policies if their aggregate premium exceeded Rs 500,000 ($6,103) The...
by AIP Online Bureau | Mar 24, 2023 | Indian News, Life, Policy
Currently, the insurer cannot invest more than 10% of outstanding equity in a company and 10% of the outstanding debt. New Delhi: The Life Insurance Corp. of India (LIC) is planning to impose caps on its debt and equity exposure to companies, two sources said, in a...
by AIP Online Bureau | Mar 24, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
“I propose to set up a committee under the finance secretary to look into this issue of pension and evolve an approach which addresses the need of employees while maintaining fiscal prudence to protect the common citizens. The approach will be designed for...
by AIP Online Bureau | Mar 23, 2023 | International News, Non-Life, Reinsurance
John Neal, CEO of Lloyd’s, forecast 2023 premiums of 56 billion pounds, up from 46.7 billion in 2022, according to a statement Rising interest rates have hit investments at many financial firms, and it posted a net investment loss of 3.1 billion pounds, compared with...
by AIP Online Bureau | Mar 23, 2023 | Indian News, Risk Management, Technology
As many as 12 mobile phones, 3 Laptops, 2 CPU’s, mails and tax invoices and data of 138 categories containing sensitive information of government, private organisations and individuals were seized by police Hyderabad: Cyberabad Police apprehended a gang involved...
