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SC extends mandatory TP vehicle insurance period by one yr, asks IRDA to implement it immediately

SC extends mandatory TP vehicle insurance period by one yr, asks IRDA to implement it immediately

by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Technology

The Supreme Court directed third-party insurance period for new vehicles be extended by one year, ordering that new cars must henceforth be covered for four years and new two-wheelers for six years at the time of purchase It directed all stakeholders to comply with...
SC issues nationwide directions to tackle digital fraud, asks RBI to circulate SOP on mule accounts

SC issues nationwide directions to tackle digital fraud, asks RBI to circulate SOP on mule accounts

by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, Indian News, Risk Management, Technology

Seeking greater accountability, the bench asked the authorities to submit a report containing state-wise and bank-wise details of grievances registered and disposed of under the cyber fraud redressal mechanism.It further directed authorities to ensure the prompt...
14 Injured as Air India’s Phuket-Delhi flight encounters severe turbulence

14 Injured as Air India’s Phuket-Delhi flight encounters severe turbulence

by AIP Online Bureau | Aug 4, 2026 | Indian News

Flight AI 2379, an Airbus A320 carrying 134 passengers, was approaching Delhi on Tuesday morning when it encountered intense weather conditions. The aircraft reportedly shook violently and tilted sharply for several minutes, causing panic among passengers. New...
Breaking Silos: Unlocking next growth journey

Breaking Silos: Unlocking next growth journey

by AIP Online Bureau | Aug 4, 2026 | Articles, Banking & Bancassurance, Life

India’s insurance market is entering a new phase where distribution scale alone will no longer determine growth. As customer journeys become increasingly digital and interconnected, insurers must bring product, underwriting, technology, marketing, operations and...
War Risk Insurance: Preparing for a new Geopolitical Reality

War Risk Insurance: Preparing for a new Geopolitical Reality

by AIP Online Bureau | Aug 4, 2026 | Articles, Eco/Invest/Demography, Intermediaries, Non-Life, Reinsurance, Risk Management

Rising geopolitical tensions are turning war from a distant threat into a tangible business risk for Indian companies exposed to global trade, shipping and supply chains. With conventional insurance policies largely excluding war-related losses, businesses need to...
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