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India-Retirement and second home market size will increase to $4 billion by 2026

by AIP Online Bureau | Mar 22, 2022 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

“Second homes have been part of an aspirational lifestyle for a long-time, and with the pandemic changing the real estate market in various ways, the second home industry has come into the spotlight,” said Aditya Kushwaha, CEO and Director, Axis Ecorp....
Insurers face substantial losses from planes grounded in Russia, may lead to hardening of premiums: Fitch Ratings

Insurers face substantial losses from planes grounded in Russia, may lead to hardening of premiums: Fitch Ratings

by AIP Online Bureau | Mar 22, 2022 | International News, Non-Life, Reinsurance

Multi-billion-dollar aviation insurance claims could have significant knock-on effects on the aviation insurance market. “We would expect insurers and reinsurers to respond by increasing premiums, incorporating more exclusion clauses in their contracts, and...
GIC Re’s Madhulika Bhaskar appointed as acting CMD of New India Assurance

GIC Re’s Madhulika Bhaskar appointed as acting CMD of New India Assurance

by AIP Online Bureau | Mar 22, 2022 | Indian News, Non-Life, Reinsurance

Madhulika Bhaskar Unlike the old practice, where normally two general managers of a PSU general insurance company, where the vacancy is occurring, are given charge as an interim arrangement till a regular CMD is appointed, this is for the first time, a general manager...

Star Health launches exclusive cover for people above 50 years

by AIP Online Bureau | Mar 22, 2022 | Health, Indian News, Non-Life

The Star Health Premier Insurance Policy offers benefits such as Home Care Treatment for specified conditions (up to 10% of the sum insured subject to a maximum of Rs.5 lakhs), cover for inpatient hospitalization expenses and day care treatments under Ayush Treatment,...

SUD Life, Vakrangee join hands to sell insurance policies in smaller towns

by AIP Online Bureau | Mar 22, 2022 | Briefs, Intermediaries, Life

Star Union Dai-ichi Life Insurance (SUD Life) will tap customers living in smaller towns and rural areas through a partnership with Vakrangee.SUD Life is a joint venture between Bank of India, Union Bank of India, and Dai-ichi Life Japan. ”With the help of...
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