The Insurance Regulatory and Development Authority of India (Irdai)...
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Sensex plunges more than 800 points to fall below 64k mark
In the whole of October, the Sensex has plunged over 2,600 points...
India should not agree to take binding commitments on free cross-border data flows under IPEF: GTRI
The framework,launched jointly by,14 IPEF partners represent 40 per...
Tackling Climate Change can help India, China with health benefits: WHO
The largest gains would be expected in China and India, which would generate even larger net benefits by pursuing the 1.5 degrees Celsius target rather than the two degrees target ($0.27-2.31 trillion in China and $3.28-8.4 trillion in India).The health gains of meeting the two degrees target would also significantly offset the costs in other regions, such as the European Union (seven-84 per cent) and the US (10-41 per cent).
Citizens may soon be able to opt-out of Aadhaar as govt looks to amend the Act
Once implemented, the opt-out provision can be availed by all and their Aadhaar number and details including demographic and biometrics will be deleted from the servers of the UIDAI.
However, if a person opts out of the Aadhaar scheme, he/she won’t be able to avail many government schemes and subsidies where Aadhaar linkage is still mandatory.
Bombay HC asks New India to pay Rs 7.60 crore motor accident claim
The family members of the deceased, Ravindra Kulkarni, who was working as the chief executive officer of Tata Precision Industries — a Tata group company —based in Singapore and was earning more than 11,000 Singapore dollars (about Rs 3.34 lakh, as per the conversion rate relied by the HC) a month at the time, sought enhancement of the Rs 2.50-crore compensation amount granted by the Motor Accident Claims Tribunal, the insurance company pleaded for the rejection of the claim altogether.
IRDAI proposes changes in registration norms for insurance marketing firms
IRDAI has also proposed expansion of the basket of products which can be solicited or procured by an IMF to include group insurance products for Micro Small and Medium Enterprises (MSMEs), crop insurance for non-loanee farmers and combi products
Atul Sahai takes charge as CMD of New India Assurance
The ministry of finance has issued the order naming Sahai as the CMD of NIA on Tuesday, 04 December 2018. Sahay had joined New India Insurance in 1984.
Govt not to participate in LIC’s open offer in IDBI Bank
In October, LIC announced an open offer for acquiring 26 per cent of equity in IDBI Bank at a price of Rs 61.73 per share, entailing total payout of over Rs 12,602 crore.
ITR filing up 50%; will meet Rs 11.5-trn direct tax target: CBDT chairman
“Our gross direct tax growth rate is 16.5 per cent and net direct tax growth rate is 14.5 per cent, which itself shows that demonetisation really helped in widening and deepening of tax base.”
G Srinivasan appointed as director of Pune based NIA
Srinivasan had retired from New India Assurance, the largest Indian general insurer, in July end after heading company during 2013-2018 and likely to take over in Jan 2019. NIA is dedicated to Management Development Programmes catering to the insurance industry professionals to enhance the management skills and do main expertise and has now two year Post Graduate Diploma in Management course to fulfill the growing demand of skilled professionals in Insurance and Risk Management.
Modicare:Bajaj Allianz Gen bags J&K and Mizoram,Meghalaya goes to Reliance Gen
Under the scheme, a cover of Rs 5 lakh will be provided which includes secondary and tertiary health care. There is no cap on family size and all members in the family would be covered for all pre-existing diseases, maternity etc. from day one and beneficiaries can opt for the hospital of their choice from the list of empanelled hospitals across India.
India’s private hospitals saw 900k unnecessary C-sections in a year: IIM-A study
“Even though private providers might be more responsive to patients and exert more effort, they are also more likely to provide over-intensive treatments either as a response to demand from patients or due to financial incentives,” says Study