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Nagaraju asks LIC to monetise massive data from its 29 crore policies

Nagaraju asks LIC to monetise massive data from its 29 crore policies

by AIP Online Bureau | Apr 15, 2026 | Eco/Invest/Demography, Indian News, Life, Policy, Technology

Lto R- Dinesh Pant, managing director(MD), LIC, R. Doraiswamy, MD and CEO,M Ngaraju, secretary,Department of Financial Services,Ratnakar Patnaik,MD at an event in Mumbai to launch LIC’s Customer App ‘MyLIC’, Nagaraju suggested the four multiline PSU general insurers,...
Trump says Iran war ‘close to over’; Pakistan army chief arrives in Tehran to mediate

Trump says Iran war ‘close to over’; Pakistan army chief arrives in Tehran to mediate

by AIP Online Bureau | Apr 15, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

U.S. President Donald Trump “I think it’s close to ​over, yeah. I mean I view it as very close to over,” Trump said in an interview on Fox Business Network conducted Tuesday and broadcast Wednesday. DUBAI/WASHINGTON: U.S. President Donald Trump said the...
ICICI Lombard General Insurance net profit rises 7.3% to Rs546 crore in Q4FY26

ICICI Lombard General Insurance net profit rises 7.3% to Rs546 crore in Q4FY26

by AIP Online Bureau | Apr 15, 2026 | Indian News, Non-Life, Reinsurance

Though the company’s combined ratio has improved from 102.50 per cent in Q4FY25 to 101.21 per cent in Q4FY26, its underwriting losses have flared up by 34 per cent to Rs 282,38 per cent during the said period. New Delhi: ICICI Lombard General Insurance, the...
Majority of Indian firms hit by ransomware in 2025 pay over Rs 12 cr on average:Report

Majority of Indian firms hit by ransomware in 2025 pay over Rs 12 cr on average:Report

by AIP Online Bureau | Apr 15, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

“According to the Exposure Management Research report, for the full year of 2025, 65 per cent of affected Indian organisations paid ransoms, with average pay-outs reaching USD 1.35 million,” according to the Manufacturing Threat Landscape 2025 report...
Banks act as agents for customers, presenting stale cheques constitutes deficiency in service: SC

Banks act as agents for customers, presenting stale cheques constitutes deficiency in service: SC

by AIP Online Bureau | Apr 15, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

A bank receiving cheques for collection acts as an agent of the customer and is under an obligation to exercise due diligence in presenting the instruments within the prescribed validity period. The failure to do so, resulting in the instrument becoming stale, in the...
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