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IRDAI to come out with new regulations on industry’s commission structure soon:Seth
Ajay Seth, chairman, IRDAI ``We are working on the regulations...
Air India pilot reports a possible defect in fuel control switch of Boeing 787-8, aircraft grounded
"After receiving this initial information, we have grounded the...
Zero GST Impact: Pvt sector general and health insurers slash commission to brokers and agents by 18% from Oct 1
ICICI Lombard General Insurance, Tata AIG General insurer, Star Health Insurance, niva Bupa Health Insurance, Aditya Birla Health Insurer and Care Health Insurer have already announced their decisions to reduce commission All the general insurers and stand health...
FSIB recommends R Chander as MD of LIC
The Financial Services Institutions Bureau (FSIB) interviewed five candidates for the positions. LIC has four managing directors besides CEO and MD who heads the life insurance giant. Mumbai: FSIB, the headhunter for directors of state-owned banks and financial...
SC revises compensation to over Rs 60 lakh from Rs 32.46 lakh for accident victim kin
“The aspirations of the young man were shattered by the accident which left him paraplegic and fighting for breath, which also prompted the parents to relocate to another part of the country. We are of the opinion that even if he had not obtained the certificate as a...
Govt gets 3,000 complaints of misleading discounts after GST cuts
"If there are too many complaints from different sectors, then they will be qualified for a class action. We are keeping a watch on this. We will surely take notice of anything where consumers are getting cheated with misleading discounts," Consumer Affairs Secretary...
Govt proposes sound alert system for all electric vehicles from October 2027
The ministry in a draft notification said that all new models of electric passenger and goods vehicles manufactured after October 2026 must be equipped with AVAS, a safety feature in EVs to emit an artificial sound to alert pedestrians and other road users about their...
Govt releases guidelines for setting up EV charging stations under PM E-DRIVE
Government premises such as offices, residential complexes, hospitals, and educational institutions will receive 100 per cent subsidy on both upstream infrastructure and EV charging equipment, provided the chargers offer free public access New Delhi: The Centre has...
LIC sees Rs 1,100 crore premium inflows on first day of GST relief
Industry experts said that the removal of GST has made traditional life insurance policies more affordable and attractive for individual buyers, which is expected to push up sales in the coming months Mumbai: Life Insurance Corporation of India (LIC) attracted strong...
Govt set to finalise 14% wage hike for PSU general insurance companies
Something that will cheer the employees is that all their arrears since August, 2022, when the salary revision is due, will be credited to all eligible employees in October 2025 New Delhi: The government has managed to prevail upon 35,000 workforce of PSU general...
Govt rolls out upgraded logistics data bank system for export container truck tracking
"The system will enable real-time tracking and assessment of logistics performance, supporting better planning, higher efficiency, and cost reduction. The initiative will serve as an important tool for both industry and government to strengthen competitiveness,...
Tata AIG suspends cashless services at Max Hospitals across India
``Tata AIG has put in place special arrangements to ensure that customers face no inconvenience. All claims are being prioritised and fast-tracked, allowing policyholders to continue receiving uninterrupted and seamless access to treatment and care. Our dedicated...