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LIC listing: Inside the all-out campaign to prepare India’s biggest IPO

LIC listing: Inside the all-out campaign to prepare India’s biggest IPO

by AIP Online Bureau | Jan 18, 2022 | Indian News, Life, Policy

A knock-out listing could see LIC raise as much as $10 billion from the IPO with a minimum dilution of 5%. That would make it the third biggest globally involving an insurer Mumbai:In Mumbai’s sleek skyscrapers, harried bankers race the clock to appraise a company...

Decision on COVID vaccination for children between 12-14 yrs yet to be taken by Health Ministry

by AIP Online Bureau | Jan 18, 2022 | Health, Indian News, Pandemic, Policy

Dr NK Arora, Chairman of COVID-19 working group of NTAGI, said that looking at the current pace of the vaccination, India may begin inoculating children in the age group of 12-14 years in March. About 46 percent of adolescents aged 15-18 years have received their...

India should adopt risk-based approach not blanket bans to contain Covid: WHO India head

by AIP Online Bureau | Jan 18, 2022 | Eco/Invest/Demography, Health, Indian News, Pandemic, Risk Management

”WHO does not recommend a blanket travel ban, nor complete restriction of people’s movement. In many ways, such blanket approaches can be counterproductive. India with its diversity in population distribution and geographic spread, the risk-based approach...

Sanctioned Rs 50,000 compensation to each of 68,370 claims for COVID-19 deaths: Guj govt tells SC

by AIP Online Bureau | Jan 18, 2022 | Data, Eco/Invest/Demography, Health, Pandemic, Policy

The state government had said that it received 89,633 claim forms (applications) seeking compensation for COVID-19 deaths, out of which 58,840 claims have been settled and the amount has been disbursed to applicants New Delhi: The Gujarat government has told the...

IRDAI reduces general insurers’ obligatory cession for GIC Re to 4 % from 5 % in FY 2023

by AIP Online Bureau | Jan 17, 2022 | Indian News, Intermediaries, Non-Life, Regulation, Reinsurance

The approximate size of the Indian reinsurnace market is around Rs 55,000 cror in FY.2020-21. To begin with, obligatory cession for GIC Re was 10 per cent which was reduced to five per cent afterwards and the foreign reinsurers which are having braches in India are...
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