The amendments aim to address the growing risks posed by deepfakes...
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Govt tightens grip on social media with new three-hour takedown rule
"An intermediary shall periodically inform its users, at least once...
No insurers have revised premiums upward after GST relief announcement:Govt
The IRDAI collected prevailing premium rates as of September 3,...
Finmin asks hospitals, insurers to make healthcare affordable and accessible for policyholders
M Nagaraju, Secretary,Financial Services , Ministry of Finance The secretary advised insurers and hospitals to take measures such as devising standardised treatment protocols, common empanelment norms, seamless cashless claims processing, etc, to bring down health...
New India net profit soars almost 58% to Rs 454 crore in H1FY26
"Looking ahead, the company remains optimistic about sustaining growth momentum. We continue to register industry-leading growth in October, and early indicators suggest improvement in loss ratios in the second half of the financial year''Girija Subramanian, CMD...
Ministry of civil aviation clarified pilot not being blamed for AI plane crash: Centre to SC
Justice Joymalya Bagchi said, “The AAIB inquiry is not for apportion blame on anyone. It is only to clarify the cause so that the same does not happen again.” New Delhi: The Air India pilot has not been blamed in the AAIB’s preliminary report into the June 12 plane...
Mahindra & Mahindra and Canadian Manulife form 50:50 life insurance JV, To invest Rs 3,600 crore
“We can plan getting into non-life business if composite license is allowed by the government afterwards.Mahindra brand strength, deep distribution capabilities in rural and semi-urban India and execution excellence make life insurance a logical extension towards our...
GIC Re net profit surges 55% to Rs 2,867 cr in Q2FY26, global premium rises 15% to Rs 9,600 cr
`GIC Re’s broad objective is to maintain its dominance in the domestic market while strategically enhancing its global footprint for diversification and spread. Our decisions will be guided by exposure management, price adequacy and portfolio balance on an ongoing...
IRDAI closely monitoring health insurance claims gaps, says Chairman Seth
Ajay Seth, chairman,IRDAI `While the number of health insurance claims settled is high, the amount settled especially in full is sometimes lower than expected.This is an area we are monitoring closely. Our expectation from the insurers is clear. Prompt, fair and...
Max Financial Services Q2 profit plummets to Rs 6cr
Axis Max Life reported New Business Margins of 23.3 per cent in H1 FY’26 up from 21.2 per cent during the same period last year. The Value of New Business (VNB), a measure of profitability experienced a YoY growth of 27 per cent outperforming the peers, aided by...
Bajaj General Insurance net profit rises 5% to Rs 517 crore in Q2FY26
The company's combined ratio was at 102.3 per cent in Q2FY 26 as against 101.4 in the corresponding quarter of FY 25.The underwriting losses of the BAGIC has deteriorated to Rs92 crore in the reporting quarter as against Rs 48 crore in Q2FY25 impacted by higher...
Can consider visa on arrival for medical treatment: Goyal
"The idea about visa on arrival is a good idea. We will pursue that…For many countries, we allow visa on arrival, we allow e-visas…both these can be considered let's say for the United States, most of the European countries… not all by the way …for most of the...
IFC invests Rs285 crore in long-term debts of Axis Max Life Insurance
Allen Forlemu, Interim Regional Vice President, Asia Pacific, International Finance Corporation, said: “ Our partnership with Axis Max Life for our first investment in the life insurance space in India allows us to contribute to a more resilient future for all....