by AIP Online Bureau | Dec 23, 2022 | Eco/Invest/Demography, Indian News, Policy
Besides the decriminalisation of minor offences, the bill envisages the rationalisation of monetary penalties, depending on the gravity of the offence, bolstering trust-based governance New Delhi: Commerce and industry Minister Piyush Goyal on Thursday in Lok Sabha...
by AIP Online Bureau | Dec 22, 2022 | International News, Non-Life, Reinsurance
Aviation and marine war insurers are concerned that reinsurers – who insure the insurers – will exclude the whole Ukraine, Russia and Belarus region when reinsurance contracts come up for renewal on Jan. 1. A cargo insurance facility providing cover for shipments via...
by AIP Online Bureau | Dec 22, 2022 | Eco/Invest/Demography, Facts
Citing provisions of the law, he said ‘domestic relationship’ means a relationship between two persons who live or have, at any point in time, lived together in a shared household, when they are related by consanguinity, marriage or through a relationship...
by AIP Online Bureau | Dec 22, 2022 | Eco/Invest/Demography, Indian News, Life, Non-Life
While the penetration of life insurance sector has gone up from 2.15 per cent in 2001-02 to 3.2 per cent in 2021-22, non-life insurance penetration has gone up from 0.56 per cent to 1.0 per cent during the same period “2022 has been a year marked with milestone...
by AIP Online Bureau | Dec 22, 2022 | Health, Indian News, Life, Non-Life, Regulation
The net incurred claims of the general insurers stood at Rs 1.41 lakh crore in 2021-22 as against Rs 1.12 lakh crore in 2020-21, an increase of about 26 per cent New Delhi: Over 2.25 lakh death claims due to the Covid-19 pandemic were settled by insurance companies up...
