Some of the provisions, which could be part of the amendment bill,...
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Modi 3.0: Govt drops privatisation plans
Among other plans, the government intends to introduce succession...
Budget FY2024-25: Indian Insurance Industry’s Wish-list
The upcoming Budget 2024-25 is crucial for advancing insurance...
Covid 19 Pandemic: 9 in 10 Singaporeans still struggling with their mental health, men and younger adults most worried
Wong Sze Keed, chief executive officer of AIA Singapore, says, “While our nation is heading for a post-pandemic recovery, mentally, we are still trying to navigate our way out of COVID-19 uncertainities. It is not enough to only take care of our physical health. This conviction drives our holistic approach to protect the many aspects of our customers’ wellbeing – such as financial, physical, and mental health – to enable everyone to truly lead healthier, longer, better lives.”
Govt approves 15 % wage hike for 1 lakh LIC employees, effective from Aug 1,2017
The new wage hike that has 100 per cent neutralisation of dearness allowances will be notified by the government on Thursday.
After the hike, an entry level officer of LIC- Assistant Administartive officer- will draw a basic salary of Rs 53,600 while a development officer will get Rs 35,650.
The senior most officer in LIC- zonal manager- will receive a salary of Rs 1,63.755.
Life insurance industry in Malaysia to reach $15.7bn in 2025: GlobalData
Amrita Sheela, Insurance Analyst at GlobalData, comments: “Malaysian life insurance industry is driven by retail consumer segment, which accounted for over 90% of total premiums in 2020Indonesia. The economic slowdown and uncertainty triggered by the COVID-19 pandemic restricted consumer spending and impacted life insurance business. As a result, life insurance industry grew by 4% in 2020 against 9% growth registered in 2019.”
New global compact aims to drive down diabetes deaths, boost insulin access
“The number of people with diabetes has quadrupled in the last 40 years. It is the only major noncommunicable disease for which the risk of dying early is going up, rather than down. And a high proportion of people who are severely ill in hospital with COVID-19 have diabetes.”
More than 420 million people worldwide live with diabetes, a group of chronic diseases characterized by elevated blood sugar, which can cause damage to the heart, blood vessels, eyes, kidneys and nerves.
India’s new coronavirus infections hit record of 184,372
The nationwide tally of infections is 13.9 million, with the data showing deaths rose by 1,027, for a toll of 172,085.
Coronavirus pandemic ‘a long way from over’, WHO’s Tedros says
Geneva: Confusion and complacency in addressing Covid-19 means the pandemic is a long way from over, but it can be brought under control in months with proven public health measures, WHO Director-General Tedros Adhanom Ghebreyesus said on Monday. So far some...
AIA Group establishes AIA Variable Capital company in Singapore
AIA is now exploring how the recently introduced VCC framework can support AIA’s investment programme with particular focus on balance sheet exposure to specialist and alternative investment strategies.
India InsurTech Association and Xceedance join hands to promote insurtech sector in India
IIA has joined forces with Xceedance – as the principal sponsor – to forge global partnerships, develop talent, provide insurtech start-up resources, and build its core team. Co-founded by Shwetank Verma, Subhajit Mandal, and Prerak Sethi, IIA bring togethers various India-based insurtech start-ups, re/insurance companies, service providers, and insurance professionals to increase the velocity of digital transformation across the Indian insurance industry.
The association already includes 32 insurtech members, and facilitates networking and focused thought leadership sessions for its diverse constituents.
Australia regulator proposes exposure limits of life insurers to offshore reinsurers
“The recent growth in life insurers placing business with offshore reinsurers has been a prudential concern, as APRA does not have regulatory authority over these reinsurers,” the regulator’s Deputy Chair Helen Rowell said.
With poor data on variants, India’s Covid surge remains a mystery
India has enough laboratory capacity for genome sequencing, but getting a wide spread of regular samples from across the country — including the rural hinterland and potential super-spreader events — has been a problem, said Rakesh Mishra, the director of the Centre for Cellular and Molecular Biology in Hyderabad, one of the labs working to sequence positive virus samples.