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IRDA issues alerts on fraud company selling insurance policies “Digital National Motor Insurance”

by AIP Online Bureau | Feb 11, 2021 | Indian News, Non-Life, Regulation

  Hyderabad: The IRDAI on Thursday said It has been brought to its notice that an entity by the name of “DIGITAL NATIONAL MOTOR INSURANCE” operating from #DNMI co. ltd. Portal Office, Krishna Raja Puram, Insurance Info Building, Devasandra, Bangalore...

Poonawalla Group takes over Magma Fincorp in Rs 3,456 cr deal

by AIP Online Bureau | Feb 11, 2021 | Indian News, Non-Life

  Mumbai, The Poonawalla Group is acquiring a controlling 60 per cent stake in non-banking finance firm Magma Fincorp by subscribing to a Rs 3,456-crore preferential issue, the Pune-based company, better known for the Serum Institute, said on Wednesday. The...

LIC’s net profit rises marginally to Rs 2,713 crore in FY 2019-20, pvt sector  life insurers’ net profit falls by 13 % 

by AIP Online Bureau | Feb 10, 2021 | Indian News, Life

  Mumbai: The life insurance industry, consisting of 24 players, saw its net profit declining by 8 per cent  year on year(y-o-y) to Rs 7,728 crore as against  Rs 8,436 crore in 2018-19, according to the annual report(2019-20) of the IRDAI. Out...

Life insurance policies bought by women fall in FY 2019-20

by AIP Online Bureau | Feb 10, 2021 | Eco/Invest/Demography, Indian News, Life

  Mumbai: Though women comprise roughly 49 per cent of the total population in India and their contribution to the economic activity of the country is significant and is increasing every year, life insuranace policies bought by them have fallen in...

Fossil fuel pollution kills millions more than scientists previously knew

by AIP Online Bureau | Feb 10, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  Efforts to slow the process of global warming focus on the future harms of continuing to burn fossil fuel, but new research released Tuesday shows that deadly consequences from pollution are killing larger numbers of people right now than had been assumed....
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