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Strongest typhoon since 1949 hits Shanghai and knocks out power to some homes

by AIP Online Bureau | Sep 16, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Typhoon Yagi hit China’s southern Hainan island earlier this month and has caused devastation in Southeast Asia. In Myanmar, Yagi caused at least 74 deaths with dozens missing. Four deaths were reported in Hainan, at least 10 have died in Thailand and 20 in the...
Infosys to drive LIC’s digital transformation with NextGen platform

Infosys to drive LIC’s digital transformation with NextGen platform

by AIP Online Bureau | Sep 16, 2024 | Indian News, Life, Technology

Siddhartha Mohanty, CEO and MD, LIC “It will not only enhance our operational capabilities but also enable us to cater to our vast customer, agent and employee base with newer, more personalised experiences. We are committed to leveraging the latest technologies...
Maha ends Rs3000 cr health insurance contract with United India in 2 months without any notice and reasons

Maha ends Rs3000 cr health insurance contract with United India in 2 months without any notice and reasons

by AIP Online Bureau | Sep 15, 2024 | Eco/Invest/Demography, Health, Indian News, Policy

United India Insurance, which has been the health insurer to Maharashtra for the last four years, had won a fresh mandate from the state for implementing a much larger scheme-universal health coverage- in this June and the cover was in force since July.UII can’t...
Modi 3.0: PM Modi govt marks 100 days with disaster management initiatives and other reforms

Modi 3.0: PM Modi govt marks 100 days with disaster management initiatives and other reforms

by AIP Online Bureau | Sep 15, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life

Prime Minister Narendra Modi An allocation of Rs 6,350 crore was made for Urban Flood Management and Glacial Lake Outburst Flood Risk Mitigation Projects. Additionally, Rs 12,554 crore was approved for a range of services, including firefighting, managing glacial lake...

GST Council forms GoM to review tax rate on insurance; report by Oct 30

by AIP Online Bureau | Sep 15, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy

The Terms of Reference (ToR) of the newly formed panel also include suggesting tax rate of health/medical insurance including individual, group, family floater and other medical insurance for various categories like senior citizens, middle class, persons with mental...
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