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LIC presents dividend cheque of Rs 1,831 cr to FM
(L to R) M P Tangirala, additional secretary, Dept of Financial...
Ayushman Bhava campaign will help achieve universal health coverage: President Murmu
''No person should be left behind and no village should be left...
Merger of 3 PSU insurers to improve their solvency: FinMin
Three companies will be merged into a single insurance entity and subsequently listed.The merger is expected to lead to effective utilisation of infrastructure and improved solvency margin,Minister of State for Finance Shiv Pratap Shukla said .
Modicare to be ready for launch by July end, to get Rs 10k funding from centre
Nadda, along with his two Ministers of State Ashwini Kumar Choubey and Anupriya Singh Patel, would hold zonal meetings with the states to fine-tune the system. Design of IT system along with NITI Ayog would be done by May 30 and testing of IT systems and finalization will be done in June.
Aadhaar robust, nationally on-line verifiable ID: UIDAI to SC
“If somebody opens a bank account or gets a mobile phone by using the Aadhaar, the UIDAI cannot know the account details or the phone number,” he said, adding that no profiling can be done by using the Aadhaar, Ajay Bhushan Pandey, CEO of Unique Identification Authority of India (UIDAI) .
Over 12,000 cases related to cyber crime registered in 2016: Govt
Minister of State for Electronics and IT K J Alphons said the government has adequate institutional mechanism under the IT Act, 2000, Indian Penal Code (IPC), Indecent Women Representation Act, POCSO etc to bring culprits under book.
SC questions aggregation of personal data under Aadhaar scheme
The Supreme Court said it was not “so simple” and when people agreed to obtain Aadhaar, they did not accept to surrender their data for government use and moreover, the safeguards provided in the Act did not exist in 2010-2016
Max Financial to raise Rs 5,000 cr to fund acquisitions of life insurance arm
Max Financial Services considered raising of funds by way of debt for the purpose of making investments in its subsidiary Max Life Insurance Company Ltd (Max Life) to enable it to drive growth through acquisition opportunities, Max Financial Services said in a regulatory filing.
Largest union of PSU general insurance industry demands merger of all four cos
General Insurance Employees’ All India Association(GIEAIA), the biggest trade union of general insurance employees, formed in 1971,, had met G. Srinivasan, chairman, GIPSA(Association of Public Sector Insurance Companies) in New Delhi on Wednesday, to press for its demands that instead of merging three companies, government should merge all four companies and should form one single monolithic corporation in line with the Life Insurance Corporation(LIC)..
Cabinet approves Modicare,provides a budgetary support of Rs160 billion for 2018-19 and 2019-20
“Benefits of the scheme are portable across the country and a beneficiary covered under the scheme will be allowed to take cashless benefits from any public or private empanelled hospitals across the country.To ensure that nobody is left out (especially women, children and elderly) there will be no cap on family size and age in the scheme,”said the govt statement
IRDAI to move to Supreme Court against SAT order against Joseph
“We are filing our appeal by this weekend in the SC after looking into the SAT order. The whole SAT judgment is appears to be a `hasty decision, prejudiced and biased ‘’and has been delivered without giving a fair chance to IRDA and its member Joseph. We are sure it won’t stand to the SC’s scrutiny ,’’ said a senior official the IRDAI
IRDAI suspends E-Meditek Insurance TPA’s license without notice
The violations observed in the inspection of the IRDAI against the E-Meditek TPA are of such serious nature that it is detrimental to the interests of policy holders and the insurers and allowing E-Meditek to continue their activities as TPA shall have adverse impact on the policyholders and insurers, said IRDAI order.signed by the IRDAI member(Non-lIfe) PJ Joseph