by AIP Online Bureau | Jan 16, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy
The 42-player mutual fund industry mainly depends on SIPs for inflows, with equity mutual funds attracting Rs 1.6 lakh crore in 2022, way higher than Rs 96,700 crore seen in 2021 The consistent monthly increase in SIP flows have helped the industry to add Rs 2.2 lakh...
by AIP Online Bureau | Jan 16, 2023 | International News, Non-Life, Reinsurance
Phoenix 3 Re has secured over USD45m of collateralised capacity, more than its predecessors Phoenix 1 Re and Phoenix 2 Re. Alongside an increased underwriting risk appetite, this gives MS AAP close to USD83m of capacity through its Phoenix vehicles, to support local...
by AIP Online Bureau | Jan 16, 2023 | Articles, Eco/Invest/Demography, Health, Life, Non-Life, Reinsurance, Wealth Management/ Philanthropy
India will become the sixth largest insurance market in the world in terms of premium volume by 2032, up from 10th largest in 2021 Life insurance profitability in India to benefit from rising interest rates. Pandemic-related claims continued to impact life insurers’...
by AIP Online Bureau | Jan 16, 2023 | Data, Non-Life
The MACT awarded a compensation of Rs 12.96 lakh to the deceased’s mother, including Rs 8.64 lakh towards the loss of income, Rs 3.45 lakh for future prospects, Rs 16,500 towards loss of estate, Rs 44,000 for loss of filial consortium, Rs 16,500 for funeral...
by AIP Online Bureau | Jan 16, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News
Sukhvinder Singh Sukhu,Chief Minister, Himachal Pradesh The Chief Minister said that these radars will be able to forecast heavy rain, thunderstorm and hailstorm within 100 kilometer radius in all directions, especially for short-range forecasting and will be helpful...
