by AIP Online Bureau | Aug 4, 2025 | Indian News, Life, Non-Life, Regulation, Risk Management, Technology
“IRDAI in exercise of the powers under Section 102 of the Insurance Act, 1938, has imposed a penalty of Rs. Five Crore on M/s Policybazaar Web Aggregator Pvt. Ltd. (Now known as “M/s Policybazaar Insurance Brokers Pvt. Ltd.”) along with direction,...
by AIP Online Bureau | Aug 4, 2025 | Indian News, Intermediaries, Non-Life
Aon has appointed Sushant Sarin as Head of Strategy and Commercial Risk Solutions for India while Willis, a business of WTW, announced the appointment of Azad Kumar as Growth Leader of Energy, Construction and Marine in India. Mumbai: Two large overseas re/insurance...
by AIP Online Bureau | Aug 4, 2025 | Indian News, Life, Non-Life
Rob Leonardi, Asia Regional Officer, Generali, said, “India has long been a strategic market for Generali and our joint venture with the Central Bank of India reflects the potential we see today and for the future. The synergies between our two organisations are...
by AIP Online Bureau | Aug 4, 2025 | Eco/Invest/Demography, Indian News, Life, Wealth Management/ Philanthropy
India’s largest institutional investor, Life Insurance Corporation of India (LIC), saw a marginal decline in its equity holdings. Across 284 companies where it holds over 1 per cent, LIC’s stake dropped to 3.68 per cent as of June 30, 2025, from 3.72 per cent at the...
by AIP Online Bureau | Aug 4, 2025 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy
The Finance Act, 2025, has increased the income threshold for claiming a tax rebate under section 87A of the Income Tax Act, 1961 for resident individual taxable under the new tax regime under section 115 BAC of the Act from Rs 7 lakh to Rs 12 lakh, and the maximum...
