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IRDAI sets higher targets for insurers in revised norms on `Rural, Social Sector and Motor Third Party Obligations’
Insurance business pertaining to Government social security schemes...
Premiums for disaster-prone areas need to be subsidised: Parl panel
This may require a specialized insurance business to be set up by...
Confirmed coronavirus cases rise to 28,includes 16 Italian tourists: Harsh Vardhan
Of the total number of coronavirus cases, 6 are from Agra, 1 in Delhi, 16 Italians and their Indian driver, 1 in Telangana and 3 in Kerala. The patients in Agra are relatives of a Delhi-based man who tested positive for disease.
Policyholders prefer “Term insurance with return option”:Max Life Insurance Survey
New Delhi: A country wide survey by the Delhi based Max Life Insurance Company has found that seven in 10 people in India are interested in term plans with return on premium option. ``68% Indians or nearly 7 in every 10 individuals consider return...
IRDAI asks insurers to design covers to pay for Caronavirus treatment
Govt approves 72 amendments to Companies Act to decriminalise offences: FM
As many as 23 offences would be recategorised out of 66 compoundable offences under the Act. Besides, seven compoundable offences would be omitted, she said.
Sitharaman said the government would remove provisions of imprisonment in various sections and also reduce penalties in case of various compoundable offences.
Paytm launches insurance broking biz,to cross-sell insurance products through its leverage on its 16 mn merchants
Through its 100% subsidiary PIBPL, the company will now offer insurance products across four categories including two-wheeler, four-wheeler, health and life. PIBPL has already tied up with 20 of the leading insurance firms in India and would be integrating with 30 more companies over the next few weeks.Other than online initiatives, the company would be leveraging on its 16 million-strong merchant partner base to sell its insurance products all over the country.
Andhra Pradesh govt disburses pensions to 59 lakh people at their doorsteps
The government is now paying a monthly pension of Rs 2,250 to the elderly, widows, weavers, toddy tappers, fishermen, single women and traditional cobblers and others, Rs 3,000 for disabled and Rs 5,000 to Rs.10,000 for CKDU/Dialysis patients.
Covid-19: 2 new cases detected in New Delhi and Telengana
The person from Delhi has a travel history from Italy while the one from Telengana has travel hiostory from Dubai.Both the patients are stable and being cloely monitored.
Aviva India eyes millennials, launches a new brand campaign
Anjali Malhotra Chief Customer, Marketing, Digital and IT Officer, Aviva Life Insurance said, “Aviva India has always brought a fresh perspective towards life insurance. We believe that the idea of life insurance must resonate with positivity and confidence to help customers face life and its surprises with good, sound financial plans. Hello, Life. Hello, Aviva is our endeavor to trigger this important, but oft ignored thought among millennials.
Labour ministry keen to retain 8.65% interest rate on EPF deposits for FY20
The labour ministry requires the finance ministry’s concurrence to provide a rate of interest on EPF deposits in a fiscal year. Since the Government of India is the guarantor, finance ministry has to vet the proposal for EPF interest rate to avoid any liability on account of shortfall in the EPFO income for a fiscal.
India Inc gradually shifting to recruiting firms for quality talent: Study
“The main reason behind companies shifting gradually to recruiting companies is because these firms are cutting down their work and time by screening and selecting relevant and quality talent,” Aditya Narayan Mishra of CIEL HR Services said.