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IRDAI rejects insurance brokers’ demand for life time licenses

IRDAI rejects insurance brokers’ demand for life time licenses

by AIP Online Bureau | Jan 30, 2021 | Eco/Invest/Demography, Indian News, Intermediaries, Life, Non-Life, Regulation, Reinsurance, Risk Management

Subhash Chandra Khuntia, chairman,IRDAI  “One of the demands of the brokers was to have their licenses in  perpetuity. We can’t accept it.he current system, where each broker has to renew his license in every three years, is perfectly fine. Even,in some...

U.N. chief urges business to take the lead on COVID-19, climate and global recovery

by AIP Online Bureau | Jan 29, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

NEW YORK: U.N. Secretary-General Antonio Guterres on Monday urged businesses to lead the way to a fair and sustainable recovery from the COVID-19 pandemic while tackling the climate crisis, adding the world had reached “a moment of truth.”Addressing a...

India needs a healthcare regulator, will facilitate premium reduction:Economic Survey

by AIP Online Bureau | Jan 29, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Risk Management, Technology

  New Delhi: Even as the recent COVID-19 pandemic has emphasised the importance of healthcare sector and its inter-linkages with other key sectors of the economy, a sectoral regulator to undertake regulation and supervision of the healthcare...

Accord ”strategic sector” tag to pharma: Par panel

by AIP Online Bureau | Jan 29, 2021 | Eco/Invest/Demography, Health, Indian News, Policy

New Delhi: Highlighting the need for strong indigenous pharma companies, a Parliamentary panel has recommended that the pharma industry should be categorised as a "strategic sector" and called for a necessary follow-up action in this regard. In its report,...

India’s Insurance penetration rises to 3.76%,density at around $78 in 2019-20:Eco Survey

by AIP Online Bureau | Jan 29, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life

  New Delhi: In India, insurance penetration which was 2.71 per cent in 2001 has steadily increased to 3.76 per cent in 2019.,according to the Economic Survey-2020-21presented by finance minister Nirmala Sitharaman on Friday. The country's insurance...
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