by AIP Online Bureau | Feb 28, 2025 | Indian News, Non-Life, Reinsurance
GIPSA, the coordinating agency for the six PSU companies, has completed the largest ever promotional exercises in the industry and published the results to fill up 30 post of general managers and 97 deputy general mangers(DGMs) New Delhi: After creating a...
by AIP Online Bureau | Feb 28, 2025 | Indian News, Non-Life, Regulation, Reinsurance
The percentage cession of the sum insured on each general insurance policy to be reinsured with the Indian Re-insurer (GIC Re), will be 4% (four percent) during the financial year beginning from 1st April, 2025 to 31st March, 2026, except the terrorism premium and...
by AIP Online Bureau | Feb 28, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Regulation, Risk Management, Workplace/Employee Benefits
The retirement body had paid 50.8 million claims worth Rs 2.05 lakh crore in 2024-25, up from 44.5 million claims totaling Rs1.82 lakh crore in the previous year. The 8.25 per cent interest rate in 2023-24 was based on EPFO’s record investment income of Rs 1.07 lakh...
by AIP Online Bureau | Feb 28, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Risk Management
In line with these guidelines, insurers will be able to buy hedges in stock & index futures and options against their holding in equities subject to the exposure and position limits. The equity derivatives shall be used only for hedging purpose. Any OverThe...
by AIP Online Bureau | Feb 28, 2025 | Indian News, Non-Life
Despite its lack of underwriting profitability, ICICI Lombard has consistently outperformed India’s general insurance market. Underwriting performance showed a slight improvement in fiscal year 2024, mainly due to lower claims for motor and health insurance, although...
