by AIP Online Bureau | Mar 3, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Pension & Social Security
“The perusal of the statement of objects of the said legislation makes it crystal clear that the said legislation is a social welfare statute brought in by Parliament to redress the grievances of the employees in case of accidents that may occur in or during the...
by AIP Online Bureau | Mar 3, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
Vessels of the Shipping Corporation of India (SCI) are also involved in the movement of crude oil and LNG, especially through areas around the Red Sea, and would have to pay an additional premium for war cover to ensure risk cover. In aviation, hull war risk (HWR)...
by AIP Online Bureau | Mar 3, 2026 | Workplace/Employee Benefits
The Directorate General of Shipping is closely monitoring the evolving maritime security situation in the Persian Gulf, Strait of Hormuz, Gulf of Oman and adjoining sea areas in light of recent regional and geopolitical developments, where reported threats have...
by AIP Online Bureau | Mar 3, 2026 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance
“The strait (of Hormuz) is closed. If anyone tries to pass, the heroes of the Revolutionary Guards and the regular navy will set those ships ablaze,” Ebrahim Jabari, a senior adviser to the Guards commander-in-chief, said in remarks carried by state...
by AIP Online Bureau | Mar 3, 2026 | Indian News, Non-Life, Regulation
This is the first deal by any foreign insurer to have a 100 per cent venture in India after the new act,The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025,was enacted by the Indian parliament in December, 2025, allowing 100 per cent foreign direct...
