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Gadkari launches country’s first-ever Surety Bond Insurance from BAGI, proposes ratings of contractors

Gadkari launches country’s first-ever Surety Bond Insurance from BAGI, proposes ratings of contractors

by AIP Online Bureau | Dec 19, 2022 | Indian News, Non-Life, Reinsurance

Union Minister for Road Transport and Highways Nitin Gadkari “ It has taken almost three years to get IRDAI’s approvals for Surety Bond product. We have sorted out a lot of technicalities which will make constructing road projects less risky and ensure...

Paytm in collaboration with HDFC ERGO launches insurance for digital transaction up to Rs 10,000

by AIP Online Bureau | Dec 19, 2022 | Indian News, Non-Life, Technology

This product is expected to further enhance the trusted digital payments experience and increase the adoption of the same in India. With the new insurance offering, which will come at a cost of Rs 30 per annum, users would be able to secure themselves against mobile...
Govt to take view on privatisation of public sector banks after consultation with dept, regulator

Govt to take view on privatisation of public sector banks after consultation with dept, regulator

by AIP Online Bureau | Dec 19, 2022 | Banking & Bancassurance, Indian News, Regulation

In the Union Budget for the financial year (FY) 2021-22, he said, the government’s intent to take up privatisation of two PSBs and approval of a policy of strategic disinvestment of Public Sector Enterprises (PSEs) was announced The government on Monday said it...

Insurers shun FTX-linked crypto firms as contagion risk mounts

by AIP Online Bureau | Dec 19, 2022 | International News, Non-Life, Reinsurance, Risk Management, Technology

Specialists in the Lloyd’s of London and Bermuda insurance markets are requiring more transparency from crypto companies about their exposure to FTX. The insurers are also proposing broad policy exclusions for any claims arising from the company’s...
Govt expects Digital Personal Data Protection, Telecom bills to be passed in Monsoon session: Vaishnaw

Govt expects Digital Personal Data Protection, Telecom bills to be passed in Monsoon session: Vaishnaw

by AIP Online Bureau | Dec 19, 2022 | Eco/Invest/Demography, Policy, Technology

Ashwini Vaishnaw,,Union Telecom and IT minister While speaking at Google For India event, the IT and telecom minister said another bill on Digital India Act will be also floated in a month for public consultation New Delhi: The government is expecting to get Digital...
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