Union Health Secretary Punya Salila Srivastava highlighted that the...
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Govt doing a ‘very thorough study’ of non-scheduled flight operators, uncontrolled airfields: Naidu
Civil Aviation Minister K Rammohan Naidu told PTI that the civil...
Burman-backed Religare Enterprises to demerge its financial services and insurance businesses
Under the proposed scheme of arrangement, REL will retain its stake...
Next GST Council meet on Dec 21-22, Decision on lower GST rate on health and life insurance
Union Finance Minister Nirmala Sitharaman The 55th GST Council meeting would be held during one of these two days in which the much awaited decision on exemption or lower GST rate on health and life insurance would be taken New Delhi: Union Finance Minister Nirmala...
GIC Re’s net profit up 16% to Rs 1861 crore in Q2FY25
N Ramaswamy, CMD, GIC Re Though the largest Indian reinsurer has cut down its gross premium by 21 per cent to Rs 8,413 crore in the reporting quarter, it has improved its combined ratio, underwriting losses and incurred claims during the period ``Our continuous focus...
Net profit of National Insurance Company rises 80% to Rs 81 cr in Q2FY25
Going ahead, NIC is committed to its stake holders and the improved financial performance is an indicator for the company to achieve profitable growth, T Babu Paul, executive director, NIC Kolkata: State owned National Insurance Company(NIC) has recorded a 80 per cent...
SBI Ventures plans to raise $237 million Climate Fund
The fund will invest in small and mid-sized companies that are focused on recycling waste and curbing emissions among other initiatives, and obtain equity partnership Mumbai: A unit of India’s largest lender State Bank of India is planning to raise as much as Rs 20...
General Insurance industry grows 28% to Rs 30,378 crore in Oct
In a note worthy trend, seven stand alone health insurers have now captured 11.58 per cent of the market share in the general insurance industry in the first seven months of the current fiscal. It was 10.20 per cent in the corresponding period of the last fiscal...
IRDA asks general insurers not to report premiums and commission for long term policies at one go
``Currently, only long-term Motor Third Party (TP) premium is booked annually and commissions also paid annually. Otherwise, the entire premium for other long-term policies such as Fire policies for dwellings, Engineering policies for projects, Janata Personal...
Right to live in a pollution-free atmosphere is a fundamental right of every citizen: SC
"The right to live in a pollution-free atmosphere is a fundamental right of every citizen which is protected by Article 21 of the Constitution of India. Prima facie we are of the view that no religion encourages any activity which creates pollution or compromises with...
Max Life integrates Swiss Re’s ‘Digital Health Underwriting’ solution to elevate the customer onboarding experience
Swiss Re’s DHU solution automates technical underwriting, using advanced technology to analyze multiple stacks of medical records and lab results concurrently. By providing real-time underwriting decisions and faster turnaround times, the solution enables more...
At least 20 pc of India’s economy will be digital by 2026-27: Jyotiraditya Scindia
“As our digital economy flourishes at a pace 2.8 times swifter than the national economy, we anticipate it will reach an astounding 20 per cent by 2026-27,” said the minister, urging South Asian Telecommunication Regulators' Council member nations to collaborate on...
Do fresh KYC of PM Jan Dhan accounts due for updation: DFS secretary to banks
During the meeting, Nagaraju suggested using all means for doing re-KYC — such as fingerprints, face recognition, taking declarations where no change in KYC documents occurred — through all channels like ATM, mobile banking, internet banking, and other available...