Tata AIA Life Insurance, has announced a new term insurance...
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SBI Life gets GST demand notice of Rs 239 crore
SBI Life on Thursday said tax authorities have slapped a demand...
IRDAI, insurers and IIM-Kozhikode organise 3-day strategic meet in Mumbai from today
Debasish Panda,chairman, IRDAI Recently, IRDAI chairman Debasish...
Refugees in India, elsewhere hit hard by COVID-19 impact -rights report
“The COVID-19 pandemic and state responses to it have had a significant negative impact on the lives, wellbeing, and rights of the approximately 15 million stateless people around the world,” said the report, which focused on refugees living in Kenya, Bangaldesh, Malaysia and others countries.
11 thermal plants in NCR accounted for 7 pc of Delhi air pollution in Oct-Jan: Study
The findings are significant considering that the Delhi government had recently moved the Supreme Court, seeking closure of the coal-fired power plants in the vicinity of the city using outdated polluting technology.
UN chief: Desertification and drought destabilizing well-being of 3.2 billion people
Having contributed to the collapse of biodiversity and promoting zoonoses – diseases which jump from animals to humans
Audrey Azoulay, Director-General of the Educational, Scientific and Cultural Organization (UNESCO) called desertification “another reminder” that human health and that of the environment, are “deeply intertwined”.
Desertification and drought also increase water scarcity, at a time when two billion people still lack access to safe drinking water, said Ms. Azoulay, adding that “over three billion may have to confront a similar situation by 2050”.
Singapore’s population growth slows down to 1.1% in 2010-20 decade
The total population increased from 5.08 million in 2010 to 5.69 million in 2020. Within this, the citizen population grew from 3.23 million to 3.52 million, while the permanent resident population remained ”stable” at around 0.5 million, it added.
The number of non-residents rose from 1.31 million to 1.64 million.
COVID-19:Insurance protection gap reaches new high of $1.4 trillion in 2020, Swiss Re
Jérôme Haegeli, Swiss Re Group Chief Economist said “”The global pandemic has accentuated the gap between the rich and poor. It has laid bare the need for governments to focus on rebuilding and promoting social cohesion. Social equity – and at its heart, creating equal opportunities for all – will be a defining feature of a more resilient world.”
Why we sometimes die when trying to avoid risk
This past year, the information that fed our risk perceptions was confusing and often misleading. We were inundated with images and statistics about the pandemic last summer, but not about car accidents. This made the pandemic feel like the biggest and most immediate threat to our lives. True, for many people it was. Many more people died from Covid than car accidents. But not all activities were equally risky. For most of us, socializing outdoors was safer than reckless driving.
IRDAI looking for agency to manage its multi-media grievance redressal centre
The agency will be required to manage its IGCC by providing the state-of-the-art call centre solution based on IP Multimedia platform for seamless handling of channels (telephone calls, e-mails and letters) with unified administration and reporting as well as having the integrated components in a single platform, said the request for proposal (RFP) for IGCC Services.
Axis Bank stake in Max Life likely to rise to 20 pc in 12-18 months
Talking about synergy, he said, ”We are coming up with a new strategy for future growth. We are working together as a common team to ensure that Max Insurance’s life grows faster than the industry. We are working together to look at product mix to drive Axis channel so outcome is favorable for both customers and the company.” Besides, he said working on analytics areas to leverage each other’s capabilities.
Heavyweight bureaucrats to fight out for the IRDA chairmanship
Among the serving and retired IAS(Indian Administrative Service) officials who have applied for the top regulatory job of the Indian insurance industry are- B.V.R. Subrahmanyam(1987 batch ) who recently joined as secretary, Ministry of Commerce after serving as a chief secretary of Jammu and Kashmir(J&K) since 2018,Manoj Parida(1986 batch)), advisor to the administrator of Chandigarh, VP Joy(1987), chief secretary, Kerala, Chhabilendra Roul(1985), former secretary, Department of Fertilizers, Ministry of Fertilizers and Chemicals, Preeti Sudan, (1983-batch) who had retired as the union health secretary in July 2020.,Anup Wadhawan, who retired as the secretary, ministry of commerce in May end
Pandemic boost for aging-linked stocks, pent-up medical demand and online insurance buying
The number of people aged 65 and over is projected to double to more 1.5 billion by 2050, greatly increasing their economic impact. The total spending power of the older population globally was about $8.4 trillion in 2020, according to World Data Lab. That’s expected to grow to $14 trillion over the next decade.