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SC asks general insurers to develop an app for expediting MACT claim payments

SC asks general insurers to develop an app for expediting MACT claim payments

by AIP Online Bureau | Nov 18, 2021 | Indian News, Non-Life, Policy, Technology

If the GI Council  and other insurance companies fail to develop the app within two months, the Central government will be called upon to do so,said the SC New Delhi: In a significant development, the Supreme Court has issued a slew  of orders in bid to...

‘Most Important Ingredient of Sexual Assault Is Sexual Intent, Not Skin-to-Skin Contact’: SC

by AIP Online Bureau | Nov 18, 2021 | Policy, Workplace/Employee Benefits

The most important ingredient for constituting the offence of sexual assault is sexual intent and not skin-to-skin contact with the child. Construction of a rule should give effect to the rule rather than destroying it. Any narrow interpretation of the provision which...

Global marine insurance premiums rise 6.1% to reach $30 billion in 2020

by AIP Online Bureau | Nov 18, 2021 | International News, Non-Life

IUMI Stats contains analysis from its major claims database which now comprises 9000 claims records amounting to $14Bn of major losses. Global marine insurance premiums for 2020 increased by 6.1% from 2019 to reach $30 billion, demonstrating real global market...
Modi urges global cooperation to make cryptocurrencies safe

Modi urges global cooperation to make cryptocurrencies safe

by AIP Online Bureau | Nov 18, 2021 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology, Workplace/Employee Benefits

Prime Minister Narendra Modi . Prime Minister Narendra Modi India’s digital currency market was worth $6.6 billion in May 2021, compared with $923 million in April 2020, according to blockchain data platform Chainalysis. MUMBAI: Indian Prime Minister Narendra...
India’s Paytm crashes in market debut, business model questioned

India’s Paytm crashes in market debut, business model questioned

by AIP Online Bureau | Nov 18, 2021 | Eco/Invest/Demography, Indian News, Technology

Paytm, backed by China’s Ant Group and Japan’s SoftBank and Berkshire Hathway, grew rapidly after Uber listed it as a quick payment option in India and has expanded into a plethora of services – insurance and gold sales, movie and flight ticketing,...
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