by AIP Online Bureau | Dec 22, 2025 | Data, Life
Growth has been supported by increasing demand for group insurance, product innovation, personalised offerings, and stronger distribution networks, especially in individual insurance. New Delhi:The number of people covered by life insurance in India has risen sharply...
by AIP Online Bureau | Dec 22, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy, Regulation, Reinsurance
Now, insurance regulator IRDAI will come out with new set of regulations in accordance with the new Act which provides a host of changes including hiking FDI from 74 per cent to 100 per cent for the Indian insurance companies The new Act introduces one-time...
by AIP Online Bureau | Dec 21, 2025 | Articles, Eco/Invest/Demography, Health, Life, Non-Life, Regulation, Reinsurance
The Insurance Act 1938 did not contain any definition of “insurance business”. The Bill now seeks to define this term to mean the business of effecting insurance contracts, as well as any other form of contract that may be notified by the Central Government in...
by AIP Online Bureau | Dec 21, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
President Droupadi Murmu The Bill introduces an elaborate framework on duties and liabilities, including civil liability for nuclear damage. It caps the maximum liability for each nuclear incident at the rupee equivalent of 300 million Special Drawing Rights, with the...
by AIP Online Bureau | Dec 21, 2025 | Eco/Invest/Demography, Indian News, Life, Pension & Social Security, Policy, Regulation
All these reforms come as Prime Minister Narendra Modi and his administration want to make India a developed economy by 2047,a goal that requires economic growth of about 8% per year, and policymakers are betting on rapid industrialization and deeper capital markets...
