Jitendra Singh,Union Minister of State (Independent Charge) for...
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Consider govt employee’s plea to include live-in partner in family pension: Delhi HC to Centre
A bench of Justices Navin Chawla and Madhu Jain held that the...
“Aircraft lost balance after sudden pressure drop”: Odisha Transport Minister on Rourkela crash
The minister further stated that the aircraft, carrying passengers...
India mulls income tax cuts in Budget as part of $6 billion consumer boost
Officials in the Ministry of Finance have discussed proposals to reduce taxes for consumers with the highest propensity to spend, the people said, asking not to be identified because the talks are private Prime Minister Narendra Modi’s government is considering...
Group Mediclaim Policies: No claim can be denied for non- availability of details of members, says IRDAI
A policyholder can access information on unclaimed amounts with any insurer in one place at https://bimabharosa.irdai.gov.in/Home/Unclaimed Amount Commenting on the new regulations, Rakesh Jain, CEO, Reliance General Insurance, said, ``A key feature in the circular is...
Punishing summer: 114 heatwave deaths reported, nearly 41,000 cases of suspected heatstroke
Uttar Pradesh is the worst-affected having reported 37 deaths followed by Bihar, Rajasthan and Odisha, according to the data compiled under the National Heat-Related Illness and Death Surveillance by the National Centre for Disease Control (NCDC). “The data may not be...
ULIPs should not be advertised as ‘investment products’, says IRDAI
Insurers will have to specifically state that market-linked insurance plans are different from traditional endowment policies and carry risks New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has issued a master circular barring the...
AIC’s net profit grows 20% to Rs 904 cr in FY24
`For FY 25, the company is targeting to grow its premium income in a single digit of around 5 per cent to 8 per cent. With continued efforts on claim management initiatives, the company is confident of maintaining the healthy claims ratio and confident of making the...
Girija Subramanian takes over as CMD of New India Assurance
Girija Subramanian, CMD, New India Assurance This is also for the first time a serving CMD of a state owned insurance company had appeared for the interview for selecting a CMD of another PSU insurer New Delhi: Girija Subramanian, 58, CMD, Agriculture Insurance...
Ozempic frenzy lures rich Indians to brave the gray market
India had the third largest number of people with obesity as of 2022, behind China and the US, according to a study in The Lancet, with numbers surging as junk food consumption becomes more commonplace. The country has about 80 million obese and 225 million overweight...
India Inc raises concerns over draft Digital Competition Bill
"The bill will impact various sectors and domains of the digital economy, including user experience, data protection and security, supply chains, investments, business costs for MSMEs and consumer affordability. It is also likely to impact non-digital domains, owing...
Zurich acquires 70% of Kotak General Insurance
The acquisition of Kotak General Insurance sets the way forward for Zurich to be a leading player in a very significant growth market – India. This is a key strategic step for Zurich,” said Tulsi Naidu, CEO - Asia Pacific, Zurich Insurance Group Mumbai: Zurich...
General Insurance Agents’ body urges FM and GST Council to reduce 18% GST to 5% on retail health covers
In a memorandum submitted to FM, the Confederation had pointed out that though the gross premium during last five years had almost doubled, leading to the growth of health insurance business in the country, the virtual number of lives covered and number of policies...