L to R- N Ramaswamy, CMD, GIC Re, Praveen Pardeshi, CEO,Maharashtra...
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LIC terminates services of its employee in front-running trades case
Sebi on Tuesday confirmed a securities market ban on five entities,...
Meta to operationalise Elections Centre; to curb misinformation, misuse of AI-made content
The social media giant said the India-specific Elections Operations...
India panel proposes new regulator for non-personal data: draft report
“There is a need to create a regulator or authority for data business, which provides centralized regulation for all non-personal data exchanges,” the government-appointed panel said in the report.
Life insurance industry sees double-digit degrowth in new premiums and policies in Apr-June Qtr
The life insurance behemoth the LIC, though has improved its market share to 74 per cent in terms new premium income, has seen its new premium income falling by 18.45 per cent y-o-y to Rs 36,530.02 in June quarter of 202-21.Its number of new policies sold during the June quarter have also fallen by 44 per cent y-o-y to 19,15,641
General and health insurers launch mandatory Corona covers,Bajaj Allianz General’s prm ranges between Rs447 to Rs 5,630 for a Rs 50k policy
The ‘Corona Kavach’ policy indemnifies policyholders for medical expenses on hospitalization for the treatment of the virus and includes the expense incurred on treating co-morbidity along with COVID-19. The policy will also cover road ambulance expenses, in case the service is opted for the purpose of hospitalization due to COVID-19. Home Care Expenses benefit (upto a period of 14 days) will also be covered in the policy for those seeking treatment within the comfort of their own homes, on the advice of a medical practitioner,said HDFC Ergo General Insurance.
Record single-day jump of 26,506 COVID-19 cases in India
Why reveal names of COVID-19 patients? it involves privacy: Bombay HC
The PIL said when the fundamental right to life and right to lead a healthy life clash with the fundamental right to privacy, then the court needs to see which of these rights would advance public morality and interest.
India’s COVID tally climbs to 7,67,296
“Around 62.08 per cent of patients have recovered so far,” an official said.
Of the 487 deaths, 198 are from Maharashtra, 64 from Tamil Nadu, 54 from Karnataka, 48 from Delhi, 23 from West Bengal, 18 from Uttar Pradesh, 16 from Gujarat, 12 from Andhra Pradesh,
Bollywood wakes up to Covid-19 risks,Taapsee Pannu’s Looop Lapeta can be first film to be covered
“For instance, a crew member tests positive, the entire movie crew might have to be possibly quarantined. In that case, the producers will be covered from the money they are spending on days lost,” film’s producers Atul Kasbekar said.
Covid-19 Pandemic:General insurance industry returns to growth path in June,NIA’s market share at a record 19% in Jun qtr
The industry, at Rs 13,961 crore,has seen a growth 8 per cent year- on- year growth in June but at Rs 39,392 crore has recorded a degrowth of 4.24 per cent y-o-y in June quarter.
However, for first quarter ending in June, the industry with 33 players ,have remained in the negative zone in its premium income.
The month of June has witnessed a lot mid and large private sector companies, which had recorded a negative premium growth in the last three months- March, Apr and May-have returned to the positive growth path.Some of these companies are- ICICI Lombard General Insurance, the largest private sector general insurer, HDFC Ergo Genera Insurance,IFFCO Tokio General Insurance,Reliance General Insurance,SBI General Insurance Company, Kotak Mahindra General Insurance Company, Magma HDI General Insurance Company and Universal Sompo General Insurance, .
However except Kotak Mahindra General Insurance and Universal Sompo General Insurance Company, rest in the pack has degrown their premium in June quarter. .
India arrests South Korean CEO,11 others for gas leak at LG Polymers
Toxic styrene gas leaked from the chemical plant choking many people who were sleeping.
This week, a government-appointed committee recommended that the plant should be shifted away from human habitation and called for action against the top employees. It said LG Polymers had been negligent and warning systems were not working.
Govt shelves merger plans among UII,OIC and NIC,to infuse Rs10,000 cr of fresh capital into 3 cos
The Cabinet also approved increase in authorised share capital of NIC to Rs.7,500 crore and that of UIIC and OlC to Rs 5,000 crore respectively to give effect to the capital infusion.
The capital infusion of Rs.3,475 crore will be allocated to three PSU general insurers as the first tranche in the current financial year and the. balance amount will be released in one or more tranches.