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Star Health insures 30 lakh sr citizens, settles over Rs 11,500 cr worth of claims in past 18 yrs

by AIP Online Bureau | Aug 21, 2025 | Briefs, Eco/Invest/Demography, Indian News, Non-Life

Star Health company has insured 30 lakh active senior citizens and settled over ₹11,500 crore worth of claims in the past 18 years .As India’s senior population crosses 11% of the total demographic, the industry faces the urgent task of designing sustainable and...

Term, health insurance policyholders to benefit most from GST exemption on individual policies: Experts

by AIP Online Bureau | Aug 21, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Reinsurance

Insurance industry hopes that key input services of commission and reinsurance also receive an exempt status so that there is no blockage of input tax credit ,” Mahesh Jaising Deloitte India Partner and Leader it is essential to tackle some of the structural...
IDBI stake sale likely to be completed this fiscal: DIPAM secy

IDBI stake sale likely to be completed this fiscal: DIPAM secy

by AIP Online Bureau | Aug 21, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Policy

“LIC’s market value is around Rs 6 lakh crore. So, keeping in mind the liquidity of the market, transactions are designed according to that. And it is not appropriate to give any number in the form of a rumour in the middle of the market,” Arunish...
GoM backs Centre’s proposal to scrap 12% and 28% GST slabs: Samrat Choudhary

GoM backs Centre’s proposal to scrap 12% and 28% GST slabs: Samrat Choudhary

by AIP Online Bureau | Aug 21, 2025 | Eco/Invest/Demography, Health, Indian News, Regulation

Samrat Choudhary,,Deputy Chief Minister,Bihar The GoM also reviewed the Centre’s suggestion to exempt GST on individual health and life insurance premiums. While most states supported the idea, they flagged the need for strict oversight to make sure insurance...
DGCA issued 4 show-cause notices to Air India over 29 violations: Minister

DGCA issued 4 show-cause notices to Air India over 29 violations: Minister

by AIP Online Bureau | Aug 21, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management

The DGCA carried out 171 regulatory audits from 2020 to June 2025 to ensure safety in India’s civil aviation sector. New Delhi: The government on Thursday said that the Directorate General of Civil Aviation (DGCA) had issued four show-cause notices to Air India...
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