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LIC launches a new product- Nav Jeevan Shree

by AIP Online Bureau | Jul 3, 2025 | Briefs, Life

Life Insurance Corporation has launched a new product Nav Jeevan Shree, a non-par, non-linked, individual, savings plan. It a has a minimum term of five years and a maximum term of 20 years. It will be available from...
Zurich Insurance to buy Canadian cyber risk management firm BOXX Insurance

Zurich Insurance to buy Canadian cyber risk management firm BOXX Insurance

by AIP Online Bureau | Jul 3, 2025 | Intermediaries, Non-Life, Risk Management, Technology

“BOXX’s digital-first, service-led approach will help us further enhance customer engagement and provide integrated solutions that make people’s everyday life easier,” Cara Morton, CEO Zurich Global Ventures said in the statement. Zurich Insurance Group AG agreed to...

Drones clear Mount Everest’s trash-covered slopes

by AIP Online Bureau | Jul 3, 2025 | Climate, Environment, Renewable Energy, International News, Risk Management, Technology

Climate change is only adding to the urgency to clean Everest. Snow and ice are melting, exposing decades-old garbage that can contaminate waterways fed by the runoff and that flow down to villages below Human waste, empty oxygen cylinders, kitchen leftovers and...
NCDEX in partnership with IMD to develop country’s first weather derivatives

NCDEX in partnership with IMD to develop country’s first weather derivatives

by AIP Online Bureau | Jul 3, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Risk Management, Technology

This Memorandum of Understanding (MoU), signed on June 26, lays the critical groundwork for the launch of India’s first weather derivatives — a long-anticipated market instrument designed to help farmers and allied sectors hedge against climate-related...
RBI advises banks to integrate DoT’ s financial fraud technology

RBI advises banks to integrate DoT’ s financial fraud technology

by AIP Online Bureau | Jul 3, 2025 | Banking & Bancassurance, Indian News, Regulation, Technology

Banks and financial institutions can use the Financial Fraud Risk Indicator (FRI) in real time, which classifies mobile numbers based on their association with medium, high or very high risk of financial fraud New Delhi: The Reserve Bank of India has advised all banks...
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