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IRDAI further strengthens regulatory framework, notifies 5 more regulations/amendments

IRDAI further strengthens regulatory framework, notifies 5 more regulations/amendments

by AIP Online Bureau | Jan 10, 2025 | Health, Indian News, Life, Non-Life, Regulation, Reinsurance, Technology

These changes align with IRDAI’s broader move towards a modern, dynamic and principle-based efficient regulatory framework, said the IRDAI. Hyderabad: As a part of the comprehensive review of regulatory framework to maintain an agile, progressive, and forward-looking...

Europe asks airlines to steer clear of Russia Airspace after Azeri plane crash

by AIP Online Bureau | Jan 10, 2025 | Disaster & Management, Eco/Invest/Demography, International News, Risk Management

In 2024, commercial aviation suffered its deadliest year since 2018 after the Azerbaijan Air crash and Jeju Air Co. disaster in South Korea drove up the toll in late December. In the Jeju accident, all but two of the 181 people on board died The European Union...

EPS-95 pensioners demand Rs 7,500 minimum pension

by AIP Online Bureau | Jan 10, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Workplace/Employee Benefits

Pensioners have been agitating for over 7-8 years for an increase in the minimum pension from Rs 1,000 to Rs 7,500, along with DA and free medical treatment for both the pensioner and their spouse New Delhi: A delegation of EPS-95 pensioners met Finance Minister...

Investors become poorer by Rs 12 lakh cr in three days of market fall

by AIP Online Bureau | Jan 10, 2025 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

“Consolidation may persist in the near term, yet investors are closely watching the US non-farm payroll data today for further guidance,” Vinod Nair, Head of Research at Geojit Financial Services, said Foreign Institutional Investors (FIIs) offloaded...
South Korea jet crash puts fast-growing Jeju Air’s safety under scrutiny

South Korea jet crash puts fast-growing Jeju Air’s safety under scrutiny

by AIP Online Bureau | Jan 10, 2025 | International News, Non-Life, Reinsurance, Risk Management

Authorities have suggested a bird strike contributed to the accident, but as part of their probe into the incident aboard Boeing 737-800, police have raided the airlines’ Seoul office to seize documents related to the operation and maintenance of the plane Before it...
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