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LIC and HDFC Life relax norms for claim payments for victims of Wayanad disasters

by AIP Online Bureau | Aug 3, 2024 | Indian News, Life

The government has mandated the Public Sector Insurance companies and insurance regulator IRDAI has asked the insurance industry to extend all possible support to the victims of the landslide incident in Kerala Siddhartha Mohanty, CEO & MD, LIC, announced...

Over 95 per cent villages now have access to Internet: Centre

by AIP Online Bureau | Aug 2, 2024 | Data, Eco/Invest/Demography, Technology

Out of a total of 954.4 million Internet subscribers in India, there are 398.35 million rural Internet subscribers (as of March), according to the Ministry of Communications New Delhi: Under the ‘Digital India’ Initiative, more than 95 per cent of villages...
Child entitled to maintenance till pursues education, is financially dependent: Delhi HC

Child entitled to maintenance till pursues education, is financially dependent: Delhi HC

by AIP Online Bureau | Aug 2, 2024 | Indian News

The court’s ruling came while dealing with an appeal by an estranged husband assailing a family court’s order asking him to pay maintenance to his wife and son, including a direction to pay Rs 35,000 per month to the son from July 2016 until he attains the...
Trai’s new norms mandate telcos to compensate users for service outages, raise penal amount

Trai’s new norms mandate telcos to compensate users for service outages, raise penal amount

by AIP Online Bureau | Aug 2, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

“Rent rebate to postpaid customer or validity extension to prepaid customer, due delay in rectification of faults or due to significant network outage of more than 24 hours, as applicable, shall be made within one week of rectification of significant network...
Hong Kong slaps AIA with record fine for anti-laundering lapses

Hong Kong slaps AIA with record fine for anti-laundering lapses

by AIP Online Bureau | Aug 2, 2024 | International News, Life, Regulation, Risk Management

The lapses resulted in some customers who were “politically exposed persons” failing to be picked up during the screening process. That led to delays in identifying their source of money and wealth, it added. However, no policies were sold to clients who should not...
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