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Life Insurance:Protecting India’s rising aspirations

Life Insurance:Protecting India’s rising aspirations

by AIP Online Bureau | Aug 8, 2026 | Articles, Eco/Invest/Demography, Life, Wealth Management/ Philanthropy

For India’s semi-urban and rural households, life insurance is not merely a financial instrument; it is a means of preserving dignity and safeguarding aspirations. It empowers families to face adversity with greater confidence, knowing that years of hard work...
Amit Shah stresses cybersecurity, announces 24/7 cyber surveillance for urban cooperative banks

Amit Shah stresses cybersecurity, announces 24/7 cyber surveillance for urban cooperative banks

by AIP Online Bureau | Aug 8, 2026 | Banking & Bancassurance, Indian News, Risk Management, Technology

“There is an increase in digital transaction frauds. The forensic science support is crucial for banking safety and collaboration with the National Forensic Science University (NFSU) is very crucial,” Union Home and Cooperation Minister Amit Shah said...
Life insurers’ new business premium rises 21% in July, retail growth remains mixed

Life insurers’ new business premium rises 21% in July, retail growth remains mixed

by AIP Online Bureau | Aug 8, 2026 | Indian News, Life

According to provisional data from the Life Insurance Council’s Detailed New Business Performance of Life Insurers for the Period ended Jul-26, group single-premium collections rose sharply to Rs 27,857.01 crore in July from Rs 21,280.53 crore a year earlier, an...
Munich Re posts better-than-expected profit amid low loss claims

Munich Re posts better-than-expected profit amid low loss claims

by AIP Online Bureau | Aug 7, 2026 | International News, Non-Life, Reinsurance

`We deliberately opt not to take on business where prices would not be risk-commensurate, while remaining a reliable long-term partner to our clients, even after the largest of loss events.”Christoph Jurecka,Chair of the Board of Management. German reinsurer...
Proposed Hormuz passage deal not feasible for shipping industry, sources say

Proposed Hormuz passage deal not feasible for shipping industry, sources say

by AIP Online Bureau | Aug 7, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Ships sailing through the strait need to pay an additional war risk premium to ensure they have insurance if their ship is damaged during transit. “Under the clause, insurers have no liability to indemnify any such payment and, where such a payment has been made, are...
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