The bench, stressed the need to examine whether existing pricing...
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Centre asks States/UTs to ensure prominent display of healthcare service rates at clinical establishments
Union Health Secretary Punya Salila Srivastava Union Health...
SC directs centre and state govts to link accident, vehicle, insurance databases within 4 weeks
The Supreme Court directed the Centre and states to complete the...
Anup Bagchi appointed as new MD&CEO of HDFC Bank for 3 yrs
Anup Bagchi, MD & CEO, ICICI Prudential Life Since June 2023, Bagchi has been serving as MD & CEO of ICICI Prudential Life Insurance leading one of India's largest private life insurers, which is publicly listed. Mumbai:Anup Bagchi, MD & CEO, ICICI...
Indian insurance and pension segments record fastest growth, up 11.4%, ahead of deposits in 2025: Allianz Report
In India, insurance and pensions grew fastest, up 11.4%, ahead of deposits (9.8%) and securities (6.1%). Nevertheless, like in many emerging economies, deposits still have the highest share in private households’ portfolios, at 40.2%, followed by securities with 32.7%...
Jio Allianz General Insurance receives Rs 640 crore of fund infusion, to announce a new CEO shortly
Industry sources have said though a few names including Deepak Sankar Mullassery,·Head- Commercial Business Distribution at TATA AIG General Insurance, are doing the round to be appointed as the first CEO of the company, which has already applied for a license from...
Govt clears Mundayur’s appointment as CMD of New India Assurance
Lavanya R Mundayur, CMD, New India Assurance With 35 years of experience, Mundayur is currently the youngest CMD in the PSU general insurance industry. She had joined NIA as a direct recruit officer in 1991 and was a general manager and chief underwriting officer of...
Swiss Re establishes exclusive partnerships with Bajaj General Insurance in India
Andreas Berger, Group CEO, Swiss Re The plan is to provide underwriting expertise in lines of business that are critical for the continued growth of the Indian economy, including high-tech and manufacturing sectors. The partnership also intends to offer international...
IRDAI’s proposed distribution reforms will hurt policyholders, cost jobs and slow insurance growth, says IBAI
The association urges the IRDAI to preserve the 2023 framework, publish an impact assessment and target genuine mis-selling instead of imposing blanket commission caps Mumbai: The Insurance Brokers Association of India (IBAI), the official apex body of India's 798...
Competition Commission okays BNP Paribas-IndiaFirst Life Insurance deal
After the completion of the transaction, IndiaFirst Life's shareholding will comprise Bank of Baroda holding 65 per cent, BNP Paribas Cardif having a 26 per cent stake and Union Bank of India holding 9 per cent equity. New Delhi: Fair trade regulator CCI has approved...
SC slams 10-fold cancer drug markup by hospitals, backs 16% margin cap
A bench of Justices Vikram Nath and Sandeep Mehta asked the Centre to look into the issue of hospitals mandating the purchase of medicines from their chemists and said it is the common man who suffers from this system. "This is carnage. Plain and simple. The cancer...
Govt launches live stock insurance portal
Rajiv Ranjan Singh, Union Minister of Fisheries, Animal Husbandry & Dairying The newly launched Livestock Insurance Portal provides an end-to-end digital ecosystem for policy issuance, premium management, claim processing, beneficiary verification and real-time...
Wage ceiling hike to Rs 25,000 a ‘win-win situation’, more people on margin to get social protection: Labour Secretary
Chandra Bhushan Kumar, Secretary, Ministry of Labour & Employment Kumar said the Employees’ Provident Fund (EPF) framework provides provident fund, pension and insurance benefits, adding that such social protection brings greater stability in the working...