Bharti’s intention is to ensure that the life Insurance business...
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LIC receives Rs 37,000 tax notice from J&K GST body
The Jammu & Kashmir GST authority has calculated the pending...
Use of digital technology in mental health a force multiplier: Mandaviya
''Mental health is a universal human right. The use of technology...
PM Modi rolls out PMJAY-Ayushman Bharat scheme to ‘serve poor’
Explaining how comprehensive the PMJAY is, the Prime Minister said it would cover 1300 illnesses, including serious illnesses such as cancer and heart disease. He said private hospitals too would be part of this scheme.
Govt to start merging regional rural banks, to cut tally to 36
The proposed consolidation of RRBs and bringing down their tally from the existing 56 to 36 will usher in better scale-efficiency, higher productivity, robust financial health of such banks, improved financial inclusion and greater credit flow to rural areas, the official said.These banks were formed under the RRB Act, 1976, with an objective to provide credit and other facilities to small farmers, agricultural labourers and artisans in rural areas.
Government mulls ordinance to fast track settlement of commercial disputes
The bill seeks to help India become a hub for domestic and global arbitration for settling commercial disputes.The draft law provides for a time-bound settlement of disputes as well as accountability of the arbitrator.The government feels that there is a need for robust mechanism to deal with institutional disputes.
PM to launch Modicare nationwide from Jharkhand, National Insurance bags state’s hybrid account
Jharkhand has opted for a hybrid account where National Insurance will provide cover for Rs 1 lakh while the rest will be managed by the state government. NIC has signed MoU with the Government of Jharkhand to extend health insurance to 57 lakh families for a total premium of Rs 535 crores. The PSU general insurer is charging an annual premium of Rs 900/- per family in the state..
Compulsory personal accident cover hiked to Rs 15 lakh, premium rises to Rs 750
Earlier while giving verdict while disposing a MACT(Motor Accident Claims Tribunal) case in Oct 2017, the Madras High Court had asked the IRDAI to enhance the CPA cover from the existing Rs 1 lakh to at least not less than Rs.15 lakh so that the amount of will add to some succor or solace to the victims of road accidents, who are the owner of the vehicle, who may incidentally sustain bodily injury or death
Jet Airways customer demands Rs 30 lakh compensation, 100 upgrades
Under the law, airlines are liable to pay compensation in case a passenger gets injured while travelling with them.
Suresh Prabhu orders safety audit of all airlines, airports
Prabhu has directed officials concerned to prepare a comprehensive safety audit plan, which involves assessment of safety parameters of all scheduled airlines, aerodromes, flying training schools and MROs immediately, an official statement said.
Indian oil refiner part-owned by Iranian company cancels Iran oil imports
State-owned refiner Hindustan Petroleum Corp has already halted purchases due to insurance problems, while Bharat Petroleum Corp boosted Iranian purchases earlier this year and expects to sharply cut Iranian flows once the sanctions take effect.
India Post invites proposal for consultancy on setting up insurance arm
“The consultant will prepare project report on setting up of Postal Life Insurance (PLI) Strategic Business Unit (SBU), impact assessment, conversion into government owned independent company within Department of Posts (DoP) and overseeing implementation thereof,” the source said.
IRDAI forms committee on insurance regulatory sandbox & fintech
A “Regulatory Sandbox Approach” can be used to carve out a safe and conducive space to experiment with Fin-Tech solutions, and where the consequences of failure can be contained, said S C Khuntia, chairman,IRDAI.