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FM to meet heads of public sector banks on June 27 for annual review

FM to meet heads of public sector banks on June 27 for annual review

by AIP Online Bureau | Jun 13, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

Comprehensive review of various segments and progress in government schemes including the Kisan Credit Card, PM Mudra and three social security (Jan Suraksha) schemes — Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY)...

LIC relaxes claim settlement process of Air India plane crash victims

by AIP Online Bureau | Jun 13, 2025 | Briefs, Life

Life Insurance Corporation of India (LIC) on Friday said it has relaxed its claim settlement process for Air India plane crash victims in Ahmedabad and also expedite the process. “LIC has announced many concessions to mitigate the hardships of the claimants of...
Over 1 100 787s Dreamliners criss-crossing skies a flight path of connectivity, now a crash

Over 1 100 787s Dreamliners criss-crossing skies a flight path of connectivity, now a crash

by AIP Online Bureau | Jun 13, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

A few years back, the US watchdog Federal Aviation Administration (FAA) had stopped deliveries of the Dreamliners due to certain issues but the plane was never involved in any fatal crash till Thursday New Delhi: The Boeing 787-8 Dreamliner, known for its advanced...
Re/insurers get ready to shell out over Rs1600 crore($186 million) of claims for Air India’s devastating Ahmedabad crash

Re/insurers get ready to shell out over Rs1600 crore($186 million) of claims for Air India’s devastating Ahmedabad crash

by AIP Online Bureau | Jun 13, 2025 | Indian News, Non-Life, Reinsurance, Risk Management

London market sources said there can be a claim of Rs 700 crore( $81 million)for Hull Loss (Aircraft Damage) as the Boeing 787-8 aircraft has been declared a total loss. There will be a Passenger Liability claims of around Rs 320 crore as under the Montreal...
Extreme heat kills half a million people globally each year, says Swiss Re

Extreme heat kills half a million people globally each year, says Swiss Re

by AIP Online Bureau | Jun 12, 2025 | Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance, Risk Management

Jérôme Haegeli, Swiss Re’s Group Chief Economist “Extreme heat used to be considered the ‘invisible peril’ because the impacts are not as obvious as of other natural perils,” says Jérôme Haegeli, Swiss Re’s Group Chief Economist....
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