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IRDAI launches Rs 800 cr Policyholders’ Education and Protection Fund, set to widen policyholder services
The consequences of this lack of awareness are significant. At the...
UK based re/insurance broker BMS sets up Global Capability Centre in Mumbai
Nick Cook, Group CEO, said: “The opening of our GCC in Mumbai is...
Andamans: Helicopter carrying 7 crashes into sea, all rescued
All five passengers and the two crew members, rescued from mid-sea, have been admitted to a hospital, one of the officials said. SRI VIJAYA PURAM:The helicopter ditched into the sea around 9.30 am, reportedly due to a technical snag, while approaching Mayabunder. All...
Issue of shortage of actuaries in industry needs to be addressed urgently:IRDAI Chairman
``The United States has more than 40 fellow actuaries per million people and the United Kingdom more than 250, while India has fewer than one per million. Compounding this, IAI's(Institute of Actuaries) total membership has fallen from around 12,000 in 2011 to...
Air ambulance with 7 onboard to Delhi from Ranchi crashes
The DGCA in a statement said, "On 23.02.2026 Redbird Airways Pvt Ltd Beechcraft C90 aircraft VT-AJV operating medical evacuation (Air Ambulance) flight on sector Ranchi-Delhi crashed in Kasaria Panchayat of Chatra district, in Jharkhand." RANCHI: An air ambulance with...
Suresh Agarwal appointed as MD & CEO designate of life insurance JV between Mahindra and Manulife
Suresh Agarwal, MD & CEO designate of proposed life insurance joint venture between Mahindra & Mahindra and Manulife Suresh has nearly 30 years of experience in life and general insurance, corporate, and retail lending. He has spent significant part of his...
Various Govt social security schemes enhance confidence among citizens, says PM Modi
``India is going through a period of rapid economic growth and expansion of social security architecture. As India advances towards the vision of Vikasit Bharat 2047, it is important that our efforts remain aligned to widen and reinforce the safety nets available to...
Govt shortlists 5 candidates for selecting a new GIC Re CMD
The officials who have been shortlisted after due delligence for the Tuesday interview are -- three senior most senior officials of GIC Re-Hitesh Joshi, executive director(ED) and acting CMD,Jayshree Bala, ED, V Balkrishna, general manager and two other private sector...
India will be first country in the world making healthcare quite affordable:Devi Shetty
``Believe me, in the next five to seven years time, expenses for the healthcare services can be paid through adequate insurance coverage and other financial mechanisms including Health Savings Accounts. Health savings account is nothing but a zero balance account with...
NIA CMD cautions on inadequate pricing for natural catastrophe perils
Girija Subramanian, CMD, NIA, explained that while seamless digital services might work for educated customers in major cities, a "human value chain" is still required to sell products in Tier 2 and Tier 3 cities, as well as rural areas. The goal is to merge these two...
ICICI Pension Fund launches scheme with a health cover
Sivasubramanian Ramann , chairman, PFRDA Comparing the NPS SEP scheme with Aayushman Bharat, Ramann added, "Ayushman Bharat is the biggest (experiment), and I think the boldest experiment and scheme. It's no longer an experiment. It's a full-fledged scheme that is...
2.51 lakh UP farmers receive Rs 285 crore compensation: Adityanath
Yogi Adityanath, Chief Minister,Uttar Pradesh Addressing a programme for the distribution of assistance under the Pradhan Mantri Fasal Bima Yojana and the Mukhyamantri Krishak Durghatna Kalyan Yojana, the chief minister said that farmers who insure their crops are...