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PSU general insurance industry Unions reject govt’s 12% wage hike proposal

PSU general insurance industry Unions reject govt’s 12% wage hike proposal

by AIP Online Bureau | Apr 30, 2025 | Indian News, Non-Life

Unions want a 17 per cent hike to be on par with the Life Insurance Corporation(LIC) and the Indian banking industry. GIPSA management has assured the matter would be taken up again with the Department Financial Services for further consideration, according to union...
Into the Cyberverse: Industry must prioritise product innovation and investment

Into the Cyberverse: Industry must prioritise product innovation and investment

by AIP Online Bureau | Apr 30, 2025 | Articles, Eco/Invest/Demography, Non-Life, Regulation, Risk Management, Technology

Luke Foord-Kelcey, Global Head of Cyber, Howden Re, commented, “Cyber is maturing into a distinct asset class with diversified reinsurance product offerings. Cedents must continue to evaluate reinsurance purchasing strategies critically and holistically, ensuring...
IFSC-GIFT City based insurers should develop products for tapping 32 million NRIs and Indian diaspora: IFSCA chairman

IFSC-GIFT City based insurers should develop products for tapping 32 million NRIs and Indian diaspora: IFSCA chairman

by AIP Online Bureau | Apr 30, 2025 | Indian News, Intermediaries, Life, Non-Life, Reinsurance

Narendra Bharindwal, president, Insurance Brokers Association of India, K. Rajaraman, Chairman, IFSCA , T Alamelu, principal advisor, IFSCA at the launch of IBAI’s chapter at IFSC- GIFT City ` There is a huge retail opportunity for the IFSC-GIFT City based...
Aviva India appoints Suresh Mahalingam as chairperson

Aviva India appoints Suresh Mahalingam as chairperson

by AIP Online Bureau | Apr 30, 2025 | Briefs, Life

Aviva Life Insurance Company India today announced the appointment of Suresh Mahalingam as its new chairperson. Currently, Mahalingam is an independent director Aviva’s board since July 2020. He has over 30 years of leadership experience across the BFSI and FMCG...
SC says digital access intrinsic to right to life, directs changes in KYC guidelines for disabled

SC says digital access intrinsic to right to life, directs changes in KYC guidelines for disabled

by AIP Online Bureau | Apr 30, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

A bench of Justices JB Pardiwala and R Mahadevan said the changes in digital KYC guidelines for people with disability, including blindness, and acid attack survivors are necessary as they are unable to complete the KYC process and avail facilities like opening bank...
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