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Centre pushes financial inclusion with insurance, health schemes for all

Centre pushes financial inclusion with insurance, health schemes for all

by AIP Online Bureau | Aug 18, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life, Policy

Pankaj Chaudhary,Minister of State for Finance According to the minister, to streamline access, the government has also launched a Jansuraksha portal with detailed information on the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima...
Pakistan resumes rescue operations in flood-hit areas; death toll over 300

Pakistan resumes rescue operations in flood-hit areas; death toll over 300

by AIP Online Bureau | Aug 18, 2025 | Workplace/Employee Benefits

The intense rain has claimed lives and spread destruction in several northern districts, with most people killed in flash floods, according to the National Disaster Management Authority BUNER, Pakistan: Heavy rain in northwest Pakistan halted rescue and relief...

AM Best’s Top 50 Global Reinsurers: Swiss Re unseats Munich Re as new No 1 among IFRS-17 players in 2024

by AIP Online Bureau | Aug 18, 2025 | International News, Reinsurance

Non-IFRS 17 RankIFRS 17 RankCompany NameLife & Non-Life Reinsurance Premiums (GPW)Life & Non-Life Reinsurance Revenue (Gross)Total Share-holders Funds2Combined Ratio3 1Swiss Re Ltd.361812324089.9 2Munich Reinsurance Company325553411277.3 3Hannover Rück...
GST rejig: Sitharaman to address Aug 20 GoM meet to put forth Centre’s rate cut proposal

GST rejig: Sitharaman to address Aug 20 GoM meet to put forth Centre’s rate cut proposal

by AIP Online Bureau | Aug 18, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation

Nirmala Sitharaman , Union Finance Minister The GoM on Life and Health Insurance is likely to be headed by Bihar Deputy Chief Minister, Samrat Choudhary and will explore full GST exemption on health and life insurance premiums for policies up to Rs 5 lakh,...

GST Revamp: Tax on premium for Rs 5 lakh Health and Term life insurance may be slashed to 5% or even zero from 18%, sources say

by AIP Online Bureau | Aug 18, 2025 | Health, Indian News, Non-Life

Shares of insurance companies such as ICICI Prudential , SBI Life, and LIC jumped 2%-4%.The rise in auto, insurance and consumer firms stocks helped the wider market rise over 1% Analysts have said as per the current rules, the GST rate of 5% or zero does not qualify...
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