Prakash Kumar, former chief executive officer, GST Network and Venkat Changavalli, management consultant, have been inducted as members in Insurance Advisory Committee of the insurance regulator IRDAI with immediate effect, said IRDAI on Tuesday.
Briefs
IRDAI promotes S.N. Jayasimhan as CGM
In line with the Telangana High Court's order but with delay, the Insurance Regulatory and Development Authority of India (IRDAI) has promoted S.N. Jayasimhan as the Chief General Manager (CGM). As per the IRDAI order, Jayasimhan has been promoted to the grade of CGM...
Govt appoints Mandakini Balodhi as its nominee director in New India Assurance
The government has appointed Mandakini Balodhi, director, ministry of finance, as one of its nominee directors with effect from April 18, 2022. Balodhi has joined NIA in place of Vandita Kaul, additional secretary, ministry of finance. Sanjeev Kaushik, additional...
Govt mulling integrating helpline numbers to improve emergency response
Emergency Response Support System (ERSS) is a Pan-India single number (112) for citizens in emergencies while 1098 is a toll free, phone outreach service for children. The helpline 181 is for providing services to women in need and distress. The official said the...
IRDA alerts on fraudulent sales health covers by “Even Healthcare”
The insurance regulator IRDAI on Wednesday said it has come to its notice that an entity by the name “Even Healthcare Pvt Ltd” having their corporate office at ‘No.311,6th Main Road, HAL 2nd Stage, Indira nagar, Bengaluru, Karnataka and having website www.even.in is...
Venkatesh Naidu appointed as CEO of Bajaj Capital Insurance Broking
Bajaj Capital Insurance Broking has announced the appointment of Venkatesh Naidu as its chief executive officer. Venkatesh has over 20 years of experience in working and building renowned insurance organisations in India like Exide Life Insurance, Bharti AXA Life...
SecureNow launches ‘Property & Equipment’ cover for clinics, laboratories & hospitals
Insurance broke SecureNow has launched the ‘Property & Equipment Insurance for Clinics, Laboratories & Hospitals’. Approximately, it would cost Rs 840 plus taxes annually to insure a building of Rs 100,000 and electronic equipment of Rs 100,000. Through this...
Jyoti Vaswani appointed as CIO of Canara HSBC Oriental Bank of Commerce Life Insurance
Canara HSBC Oriental Bank of Commerce Life Insurance today announced the appointment of Jyoti Vaswani as their new Chief Investment Officer (CIO). Vaswani brings over 25 years of rich experience in the mutual fund and life insurance industry having worked in the...
Bhaskar given powers of CMD in NIA
After, Atul Sahai retired as CMD of New India Assurance (NIA) on Feb 28, the board of (NIA) on Thursday has decided to vest power of CMD in many areas of the functioning of the company with its general manager Madhulika Bhaskar. Earlier, Bhaskar, the senior most...
Bajaj Allianz Life launches guaranteed income product
Bajaj Allianz Life recently launched their value-packed product – Assured Wealth Goal – specifically designed to offer guaranteed income to help secure one’s long term life goals, such as building a house, going abroad for a vacation, paying for a child’s higher...