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Govt inducts three insurers as part time members into BBB

by AIP Online Bureau | Dec 28, 2021 | Banking & Bancassurance, Indian News, Life, Non-Life, Policy, Reinsurance

The new members are Usha Sangwan, former MD, Life Insurance Corporation representing the life segment, A.V. Girija Kumar, former CMD, Oriental Insurance Company(OIC), for non-life, Sujay Banarji, former member,(Distribution), for re-insurance or actuarial science New...

ICICI Pru Life’s new term insurance plan to return 105% of premiums paid on maturity

by AIP Online Bureau | Dec 28, 2021 | Indian News, Life

Term plans with auto-adjusting life cover, basis changing life-stages, to suit customer’s requirements Option to take cover against 64 critical illnesses Mumbai: ICICI Prudential Life Insurance has launched an innovative term insurance product ‘ICICI Pru iProtect...

Govt says only Covaxin COVID-19 shot to be given to those aged 15 to 18

by AIP Online Bureau | Dec 28, 2021 | Health, Indian News, Pandemic, Policy

“This (Covaxin) is the only vaccine with emergency use listing for the age-group 15-18,” the federal health ministry said on Monday An expert committee of India’s drug regulator recommended emergency use authorisation for Merck’s COVID-19 pill...

Lloyd’s Asia launches new renewable energy consortium

by AIP Online Bureau | Dec 28, 2021 | Climate, Environment, Renewable Energy, International News, Non-Life, Reinsurance

The new consortium has been developed by Chaucer, Markel, and Munich Re Syndicate Ltd (MRSL) and has a maximum working capacity of USD100m per project It is expected that Asia Pacific will continue to outperform other regions as a market for the investment and...

Malaysia seeks U.N. climate adaptation funds amid deadly floods

by AIP Online Bureau | Dec 27, 2021 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Policy

Malaysia’s National Adaptation Plan will focus on areas such as water, agricultural, and food security, public health, forestry, and infrastructure KUALA LUMPUR: Malaysia is seeking $3 million from the U.N. Green Climate Fund (GCF) to develop a national plan to...
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