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Joydeep Saha appointed as MD & CEO of ManipalCigna Health Insurance
Joydeep Saha,MD & CEO of ManipalCigna Health Insurance He has...
Landslides, blocked roads hamper flood rescue efforts in Uttarakhand
Weather experts and geologists told media the cause of the havoc...
There should be realistic green ratings to assess actual environmental impact of projects: RBI Governor
''Green flows today are dependent on ESG (Environment, Social, Governance) ratings. Recent research shows that these ESG ratings do not adequately reflect financial and non-financial materialities of these investments. Therefore, there is a need to ensure that 'green...
Action taken against 1.6 lakh claims worth Rs 287 crores under AB-PMJAY till Aug 5: Mandaviya
The anti-fraud structure under the scheme has National Anti-Fraud Unit at the central level, followed by State Anti-Fraud Units. NHA uses Artificial Intelligence (AI) and Machine Learning (ML) technologies to detect suspicious transactions or potential frauds under...
New India’s net profit doubles to Rs 260 crore in Q1FY24
Neerja Kapur, CMD, NIA ``The company continues to focus on improving the business mix by shedding businesses where premiums are inadequate and may impact its bottom line. The company maintained its market leadership in India with a market share of 16.2 per cent,’’...
IRDAI appoints Canara HSBC Life Insurance as lead insurer for Karnataka
“The State Level Insurance Committee should ideally formulate a short term and medium term plan so that a more dedicated and synergized approach is followed within state for insurance awareness. PMJJBY is a measurable product and IRDAI can support the initiative by...
GIC Re net profit rises 6.1% to Rs 732 crore in Q1, further sheds loss making business
Devesh Srivastava, CMD, GIC Re ``Profit is the only embedded principle of all our business. We will not do any business that is not adding to our bottom line. We have restructured our entire organisation and manpower in recent years to deliver on results,'' said...
LIC’s net profit jumps to Rs 9,544 crore in Q1FY24
Siddarth Mohanty, chairman, LIC ``Our premium has fallen in Q1 as our ticket size of the policy has gone up. We would like to grow our bottomline but would ensure that our top line growth is maintained at better than the industry's growth rate so that our market share...
Disclosure or disclaimer must for celebrities, influencers endorsing as health experts: Govt
''Celebrities, influencers and virtual influencers presenting themselves as health experts or medical practitioners, when sharing information, promoting products or services or making any health-related claims, must provide clear disclaimers, ensuring the audience...
IRDAI launches impact study on Risk Based Capital framework
This study holds paramount significance, as it provides the opportunity to comprehensively evaluate the potential impact on the capital and overall solvency of the insurers This framework would serve as a pivotal mechanism which would enable insurers to maintain an...
Axis Bank to infuse Rs. 1,612 crore in Max Life, Stake to go up to 19.02%
Max Life Insurance new business margin (NBM) expanded to 22.2% in Q1FY24, improved 110 bps over corresponding previous quarter mainly driven by change in product mix Value of New Business (VNB) grew by 16% to Rs. 247 Crore in Q1FY24 New Delhi: After the approval of...
RBI holds rates steady but eyes food price spike; signals tighter policy
Shaktikanta Das,Governor,Reserve Bank of India "Liquidity plays a major role with regards to inflation – both in pushing up inflation and controlling inflation," RBI Governor Shaktikanta Das said, explaining the decision."While inflation has moderated, the job is...