These measures may be announced in areas such as insurance.The...
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IRDAI reconstitutes Insurance Advisory Committee
The IAC advises the Irdai on framing regulations, protecting...
Non-scheduled, general aviation players’ 176 planes do not have cockpit, flight data recorders: Govt
Minister of State for Civil Aviation Murlidhar Mohol said that a...
IRDAI unveils Bima-ASBA for issuing life and health policies from March 1
Under Bima –ASBA facility, transfer of money from the prospect to the insurer happens only when policy is issued. Amount towards insurance premium will be debited from the customer's bank only after the insurer decides to accept the proposal. One-time manadate through...
DFS Secy launches LIC’s new Pension plan
M.P. Tangirala, additional secretary, M. Nagaraju, secretary, financial services, Ministry of Finance, M Jagannath, managing director, LIC at launching ceremony of LIC's new Pension plan LIC’s smart pension plan is a non-par, non linked, Individual/Group, savings, and...
Cancer vaccine for women to be available in five to six months, says Union Minister Jadhav
The vaccine will tackle, breast, oral and cervical cancers New Delhi: A vaccine to fight cancers affecting women will be available in five to six months, and those in the age group of nine to 16 years will be eligible for inoculation, Union Minister Prataprao Jadhav...
360 ONE Asset picks up 15% stake in Bharti AXA Life Insurance
Parag Raja, managing director and CEO, Bharti AXA Life Insurance, said`` with this partnership, we aim to further accelerate innovation, enhance our product offerings, solidify our service experience and further deepen our market presence. Together, we are poised to...
LIC unveils digital `one man office’ for its sales force
Siddhartha Mohanty, CEO & MD, LIC One Man Office (OMO), offered through the ANANDA (Atma Nirbhar Agents New Business Digital Application) platform, is a mobile digital office at the hands of sales force and an easy-to-use one stop solution for all business and...
Sebi asks RAs, IAs to disclose most important terms, conditions of services to clients
Research analysts and investment advisers cannot guarantee profits or risk-free investments. Any investment is subject to market risks. Also, Sebi asked investment advisers (IAs) to include MITC in investment advisory agreements with clients. They must clarify that...
DICGC’s cover on bank deposit beyond Rs 5 lakh, Bill allowing Composite licenses soon, says DFS Secy
Union Finance Minister Nirmala Sitharaman is launching Mutual Credit Guarantee Scheme for MSMEs in Mumbai on Monday Govt asks private life insurance companies to increase the free look period for policyholders from one month to one year. The Centre is working on more...
Strong earthquake tremors shake Delhi-NCR, no casualties reported
Despite the tremors lasting only a few seconds, their intensity was sufficient to unsettle residents, prompting many to rush out of their homes as a precautionary measure. While the earthquake caused widespread panic, there have been no immediate reports of casualties...
Senior’s admonition at workplace doesn’t require criminal proceedings: SC
The top court said allowing criminal charges to be pressed against individuals in such cases may lead to disastrous consequences, crippling the entire disciplinary atmosphere required in the workplace New Delhi: Senior's admonition at the workplace does not amount to...
Aviva India fined $7.5 million by Income Tax authorities for fake invoice scheme
After hearing Aviva's defence, joint tax commissioner Aditya Singh Yadav ruled the company evaded tax of around Rs 32.6 crore ($3.8 million), which it must pay with a 100 per cent penalty, totalling Rs 65.3 crore, or $7.5 million, according to a February 5 order...