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Insurance Surety Bonds for NHAI contracts crosses Rs 10,000 cr landmark
Girija Subramanian, CMD, New India Assurance Till July 2025, 12...
US PE giant Blackstone buys majority stake in Ace Insurance Brokers
Ace Insurance Broker known for arranging major covers for Adani...
Insurance ‘scam’ case: CBI searches at nine locations in J-K, Delhi
In a first information report (FIR), the CBI named Reliance General Insurance along with Trinity Reinsurance Brokers as accused in the alleged scam in rolling out a medical insurance scheme for Jammu and Kashmir government employees and their families New Delhi: The...
Singapore Exchange plans to focus on risk-hedging products related to Indian infra, ESG initiatives
Risk hedging products related to the Indian infrastructure development, green initiatives, ESG as well as new energy minerals and metals are some of the areas SGX Group wants to focus on, William Chin, Commodities Head at SGX Group said. Singapore: The Singapore...
IRDAI reduces solvency from 1.875 to 1.5 for underwriting Surety Bonds
Recognizing the importance of Surety Insurance Bonds, IRDAI had issued ‘IRDAI (Surety Insurance Contracts) Guidelines’ in January 2022 Hyderabad: In a significant measures to develop a Surety Insurance Bonds market in the country, the IRDAI Tuesday has reduced the...
India considers testing cough syrups before export, says report
The CDSCO has also proposed making it mandatory for exporters to produce a "certificate of analysis" of batches exported from an approved laboratory, the news outlet reported India's $41 billion pharmaceutical industry received a major jolt last year when cough syrups...
HDFC Life declares highest ever bonus of Rs3660 cr to more than 23 lakh policyholders
Out of the total amount of Rs 3,660 crore, Rs 2,696 crore will be payable to policies in this financial year, as bonus on maturing policies or as cash bonuses. The remaining bonus amount would be payable in the future upon policy cessation by way of maturity, death...
Delhi court directs Police Commissioner to install CCTVs on accident-prone areas
Shefali Barnala Tandon, the presiding officer of the Motor Accident Claims Tribunal, was hearing a case where Vipin Kumar, an inspector, had filed an application seeking directives for civic agencies to install CCTV cameras at NH-8, Ring Road, and Dhaula Kuan New...
Inmates in Himachal to be covered under health insurance scheme ‘HIMCARE’: Sukhu
Himcare scheme provides free healthcare services up to Rs 5 lakhs annually to families which are not covered under the Centre’s Ayushman Bharat Yojana or Jan Arogya Yojana. The state government will cover the cost of premiums for inmates in prisons Shimla: Inmates in...
India says 50 million people directly dependent on coal mining, says India
"As per our estimation, about 50 lakh people are engaged directly or indirectly in coal mining activities, especially in eastern Indian states. So, just transition has to cater to that challenge," he said India will press for a "just energy transition" at the G-20...
Diseases of old age are increasing in India: Jitendra Singh
Union Minister Jitendra Singh said that the number of old age people in the country is increasing. Pensioners outnumber the serving employees. Because of this, diseases of old age are also increasing Nadia (West Bengal): Highlighting the healthcare reforms by the...
Indian general insurance prm to cross Rs 3 trillion by FY 2025, says ICRA
Neha Parikh, vice president and sector head – Financial Sector Ratings, ICRA, says: “ICRA expects the GDPI to expand by a healthy 13-15% to Rs. 2.73-2.78 trillion by FY2024 and further by 12-14% to Rs. 3.06-3.17 trillion by FY2025. Driven by the improving distribution...