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Tata AIG collaborates with Drone Federation of India for Drone Insurance

“With the government taking active steps to support drone manufacturing and drone operations in India, we will soon see proactive usage of drones in activities like mining, construction, surveillance, transport, fire-fighting, law enforcement, agricultural and topographical data acquisition, insurance assessments, media and entertainment,” said Smit Shah, Director – Partnerships, DFI.

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IRDAI issues guidelines on group health insurance policies of merged PSBs

Upon merger of these PSBs, the underlying group health Insurance policies of the customers of the merged banks will be continued to be serviced by the respective insurance companies which issued the policies till the end of policy period. The insurance companies will  make suitable arrangements with the acquiring banks to this effect.

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FinMin’s new measures to protect prudent commercial decision of bankers

Considering the complexities involved in the commercial decisions of managers in public sector firms, the Central Vigilance Commission set up the Advisory Board for Banking and Financial Frauds (ABBFF) for a mandatory first level examination on suspected frauds in excess of Rs 50 crore, involving public servants equivalent in rank to GMs and above, before enquiry or investigations begin.

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