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Indian insurance industry waits for a new IRDAI chairman
The names of Ajay Sheth, who have been appointed as finance...
India’s car sales surge past 41.53 lakh mark during FY25
Two-wheeler sales during 2024-25 registered a higher growth rate at...
Irdai working towards risk-based capital, supervision frameworks: Chairman Panda
Debasish Panda,chairman,Irdai ''Currently, we have traditional method of supervision and we have very recently started embarking on a project of moving towards a risk based supervision which will be enabled by technology. In another word, you can call it 'Suptech'...
Wage Revision: PSU general insurance unions reject GIPSA’s“much lower than LIC’s pay hike” offers
PSU general insurance companies have offered a very low wage hikes of seven per cent with immediate effect without any past arrears since August 2017 or wage hike of five per cent along with two per cent arrears Rejecting all the offers of the GIPSA, the unions have...
HDFC Life declares bonus of Rs2465 crore
15.87 lakh policyholders are eligible for this bonus Vibha Padalkar, MD & CEO, HDFC Life, said, "We are pleased to announce market competitive bonus payouts year after year. It is our way of exceeding the expectations of our policyholders who strongly believe in...
RBI postpones implementation of certain norms related to cards by 3 months
As per the Master Direction, card issuers must seek One Time Password (OTP) based consent from the cardholder for activating a credit card, if the same has not been activated by the customer for more than 30 days from the date of issuance Mumbai: The Reserve Bank on...
Sebi bans bundling of MF products with insurance
`It has been observed that some of the Asset Management Companies (AMCs) are proposing to introduce bundled products and some existing MF schemes have such bundled products with insurance features in their investments schemes like SIP INSUR(Systematic Insurance...
ICICI Pru Life declares highest ever annual bonus of Rs 969 cr for FY22
N S Kannan, Managing Director & CEO, ICICI Prudential Life Insurance The annual bonus of Rs 968.8 crore for FY2022 is the highest ever declared by the company since inception, N S Kannan, Managing Director & CEO, ICICI Prudential Life Insurance, said....
Cyber attacks in India see quantum jump, says Amit Shah
Amit Shah,Union Home Minister ''In 2012, a total of 3,377 cyber crimes were reported and it has gone up to 50,000 in 2020. The number of cyber crimes which were not reported could be in lakhs. We are resolved to create the most secured cyber atmosphere in the world,''...
Assam flood situation critical, CM reviews state of affairs
The state has been reeling under devastating floods for the past one week with 127 revenue circles and 5,137 villages affected in 33 districts, according to a bulletin of the Assam State Disaster Management Authority (ASDMA) With the flood situation in Assam remaining...
Govt may appoint a private sector honcho as IRDA’s new member, Non-life
The name of Sanjeev Mathur, 1987 batch of Oriental Insurance Company(OIC), who has been working with Cholamandalam General Insurance after quitting state- owned OIC in early 2000 ,is current doing the round for the post of member, Non-Life, IRDAI There are now moves...
Govt to bring legal changes, regulations needed for greater social media accountability: Vaishnaw
IT minister Ashwini Vaishnaw Internet on mobile phones and social media platforms have brought powerful and transformative changes, but it must come with realisation of responsibilities, the minister said emphasising that social media and digital world needs to be...