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Acko General Insurance penalised Rs 1 cr by IRDA for violating regulations

Acko General Insurance penalised Rs 1 cr by IRDA for violating regulations

by AIP Online Bureau | May 24, 2025 | Indian News, Intermediaries, Non-Life, Regulation, Technology

According to the IRDAI order, even where outsourcing is given to an intermediary, the insurer retains the responsibility for all regulatory obligations and proper due diligence and monitoring of the outsourced service provider and the services provided Hyderabad/...
Maternity leave integral to maternity benefits, says SC, sets aside Madras HC verdict

Maternity leave integral to maternity benefits, says SC, sets aside Madras HC verdict

by AIP Online Bureau | May 23, 2025 | Eco/Invest/Demography, Indian News, Workplace/Employee Benefits

“Maternity leave is integral to maternity benefits. Reproductive rights are now recognized as part of several intersecting domains of international human rights law viz. the right to health, right to privacy, right to equality and non-discrimination and the...

Robust cybersecurity powerful technologies to determine strength of a nation Prasada

by AIP Online Bureau | May 23, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology

“In UP, around 10 crore Jan Dhan accounts were opened and a majority of these were citizens, who had never used banking services. A major reason behind this was higher costs. With IT integration and online transactions, the cost was brought down to Rs 50 from Rs...
RBI proposes to use biz correspondent network to tackle KYC inoperative account issues

RBI proposes to use biz correspondent network to tackle KYC inoperative account issues

by AIP Online Bureau | May 23, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Regulation, Risk Management, Technology

“In order to further ease the process for the convenience of customers, the instructions regarding updation/periodic updation of KYC are being amended with the intent , inter alia, to allow BCs to facilitate in the process of KYC and KYC updation,” he...
Prudential appoints Naveen Tahilyani as its regional CEO for India and Africa

Prudential appoints Naveen Tahilyani as its regional CEO for India and Africa

by AIP Online Bureau | May 22, 2025 | Indian News, Life, Technology

Naveen Tahilyani Earlier, Prudential plc had announced its plan to establish a joint venture with Vama Sundari Investments (Delhi) Private Limited (Vama), an HCL Group’s Promoter Company, for an Indian standalone health insurance company London: UK major...
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