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Andhra Pradesh rejoins crop insurance scheme PMFBY from this kharif season

by AIP Online Bureau | Jul 13, 2022 | Indian News, Non-Life, Reinsurance

Union Agriculture Minister Narendra Singh Tomar said with this important decision, crops of more than 40 lakh farmers of the state will get insurance cover in case of natural calamity New Delhi: Andhra Pradesh has decided to rejoin the Pradhan Mantri Fasal Bima Yojana...

MHA adopts modified policy for appointment on compassionate ground

by AIP Online Bureau | Jul 12, 2022 | Indian News, Pension & Social Security, Policy, Workplace/Employee Benefits

“ A holistic assessment of the financial condition of the family has to be made taking into consideration factors like presence of earning member(s), size of family, age of children and the financial needs of a family,” the guidelines said New Delhi: The Union Home...

2 life insurers in bancassurance partnership with City Union Bank

by AIP Online Bureau | Jul 12, 2022 | Briefs, Life

Bajaj Allianz Life Insurance and Tata AIA Life Insurance have entered into a strategic partnership with City Union Bank, one of the oldest private sector banks in India, to offer their wide array of life insurance solutions to the bank’s existing and future customers,...
SpiceJet’s Dubai-Madurai flight delayed after aircraft’s nose wheel malfunctioned

SpiceJet’s Dubai-Madurai flight delayed after aircraft’s nose wheel malfunctioned

by AIP Online Bureau | Jul 12, 2022 | Indian News, Non-Life, Reinsurance, Risk Management

This is reportedly the ninth technical malfunction in a SpiceJet aircraft in the last 24 days. This comes after, DGCA on Wednesday (July 6) issued a show-cause notice to SpiceJet after eight technical malfunctions in its aircrafts since June 19. The aviation...

Chainproof launches as the World’s first regulated smart contract insurance provider

by AIP Online Bureau | Jul 12, 2022 | International News, Non-Life, Reinsurance, Technology

By combining forces with SOMPO and Munich Re, global leaders in (re)insurance, Chainproof is positioned to become the world’s leading regulated smart contract insurance provider Chainproof plans to offer licensed, institutional-grade insurance coverage for...
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