by AIP Online Bureau | Jun 10, 2024 | Eco/Invest/Demography, Indian News, Policy
Nirmala Sitharaman, Union Finance Minister Sithraman, who will be presenting the full Budget for FY 24-25 in July, is expected to introduce bills soon for amendments to the Insurance Act, 1938, and the IRDAI Act to allow composite licensing for insurers New Delhi:...
by AIP Online Bureau | Jun 10, 2024 | Indian News, Non-Life, Regulation, Reinsurance
The IRDA has outlined 14 key points which have to be mentioned mandatorily in the `Customer Information Sheet’ by the general insurers with immediate effect This is a positive step towards making insurance more customer-friendly, ensuring smoother claims...
by AIP Online Bureau | Jun 10, 2024 | Data, Eco/Invest/Demography, Policy
Sales of passenger vehicles – hatches, sedans and SUVs – by manufacturers to dealers have risen to record high levels over the last two years in India and are estimated to hit new all-time highs in the financial year 2025 as well BENGALURU: Retail sales of cars in...
by AIP Online Bureau | Jun 10, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Overall, the mutual fund industry has witnessed an inflow of Rs 1.1 lakh crore in the month under review as compared to Rs 2.4 lakh crore in April. The inflow was due to investment in equity as well as debt schemes. With these inflows, the industry’s net assets...
by AIP Online Bureau | Jun 10, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“Demand for coverage remains strong due to heightened natural catastrophe loss activity and general economic uncertainty,” said Carlos Wong-Fupuy, senior director, AM Best OLDWICK, N.J: International rating agency AM Best has revised its market segment...
