The BNP will provide three kind of covers- Hull, Cargo and...
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Financial Intelligence Unit-India, Indian Cyber Crime Coordination Centre sign MoU to combat cyber fraud and financial crimes
The collaboration comes at a juncture where India's digital payment...
Kasturi Sengupta takes over as new Secy General of GI Council
Kasturi Sengupta, Secretary General, General Insurance Council...
Mayabunder Pawan Hans helicopter crash: AAIB finds emergency flotation system not activated during approach
A Pawan Hans helicopter crashed into the sea after taking off from Ranghat helipad in the Andaman & Nicobar Islands with seven persons on board for Mayabunder helipad on February 24 was not activated during the approach. Mumbai:The emergency flotation system of...
If West Asia crisis continues Indian exports to other parts of world will get impacted: Official
Even if the war ends, the impact of the crisis will be there for the next few months or years, depending on which supply chain or which infrastructure has been impacted.So, at this juncture, it will be very difficult to take a very long-term view on it," Central...
Crypto steadies as easing geopolitical tensions lift sentiment caution persists
Bitcoin hovered in a narrow USD 66,000-USD 67,000 range with declining volumes, signalling investor hesitation, while altcoins underperformed amid the leading cryptocurrency's continued dominance, according to WazirX - India's largest and most trusted cryptocurrency...
West Asia Crisis: War-risk insurance premium for Indian airlines moderates after reaching sky-high
The additional war risk premium stood at approximately Rs 30,00,000 per round trip for a narrow-body aircraft and Rs 90,00,000 per round trip for a wide-body aircraft for a few days but nobody had paid it, said sources New Delhi: After shooting up,because of the...
Navy ensures security of Indian commercial ships, oil tankers: Defence Minister Rajnath Singh
"There are many sensitive points in the sea where our Navy has continuously made its active presence to ensure the smooth supply of goods. Whenever there is a situation of tension there, the Indian Navy has ensured the security of our commercial ships and oil...
LIC,New India and GIC Re remain as Domestic Systemically Important Insurers in FY26:IRDAI
D-Slls refer to insurers of such size, market importance, and domestic and global inter connectedness, whose distress or failure would cause a significant dislocation in the domestic financial system. D-SIIs are subjected to enhanced regulatory supervision...
Insurers have to submit compliance reports on checking “dark patters” in 15 days:IRDAI
Wherever non-compliance is found, an action plan with timelines for removing the dark patterns has to be submitted within one month, said the IRDAI. Dark patterns involve using design and choice architecture to deceive, coerce, or influence consumers into making...
SC orders TN police to form SIT for probing criminal lapses by National Insurance in a motor accident fraud claim case
The SC Bench comprising Justices Ahsanuddin Amanullah and R. Mahadevan issued the order after questioning the conduct of NIC for not initiating criminal proceedings despite asserting that the policy in question was fabricated. New Delhi:The Supreme Court(SC) on...
MP urges Sitharaman for easing ‘stringent’ lapse rules in life, health policies in Rajaya Sabha
“It is the ruthless lapse rules governing life and health insurance policies. Today, most insurance policies, including those under LIC, provide a mere 30-day grace period for premium payment. A single list installment caused by sudden job loss, medical emergency,...
IRDAI forms joint expert group under Rajay Sinha for developing Ind As norms
Rajay Kumar Sinha member, Finance & Investments Indian Accounting Standards (Ind AS) is getting implemented from Apr 1 Hyderabad:In a bid to manage the technicalities for implementing Indian re/insurers to impement Indian Accounting Standards (Ind AS), which is...