The committee of creditors (CoC) has expressed concerns that...
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Insurance for All by 2047: Working groups among stakeholders formed to strengthen and implement strategies, says IRDA
Participants in "Insurance for All" Vision Meet, hosted by...
Tata AIA Life announces a new term insurance ‘Sampoorna Raksha Promise’
Tata AIA Life Insurance, has announced a new term insurance...
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.
Axis Bank becomes a co-promoter of Max Life
The Axis Entities have a right to acquire an additional stake of up to 7 per cent in Max Life, in one or more tranches, subject to regulatory approvals.With the conclusion of this transaction, Max Life’s Board will be strengthened further, with co-option of three nominee directors of Axis Entities on its Board.
Max Life Insurance selects four startups to build innovative solutions
The four selected start-ups will partner with Max Life to co-develop solutions in the areas of non-invasive medical tests, digital twin, intelligent data acquisition, and health and wellness through targeted programs.
Global fertility rate: Are we heading towards a population crash?
There is some evidence that shrinking populations are bad for the global economy. To me, however, the greater tragedy would be a failure to take full advantage of the planet’s capacity to sustain human life. No kind of family policy should be mandatory. But there should be policies that make larger families a more appealing option, both economically and otherwise.
Disinvestment target of FY22 achievable; LIC IPO to bring Rs 1 trn: CEA
“Of this, BPCL privatisation and LIC listing itself were important contributors. There are estimates suggesting Rs 75,000-80,000 crore or even higher can just come from the privatisation of BPCL itself. LIC IPO could bring in Rs 1 trillion approximately,” he said.
Aviva sells Polish business to Allianz for $2.9 billion
Allianz, which first entered the Polish market in 1997, ranks as Europe’s biggest insurer and while it has no plans to grow its life insurance operations, it sees the deal as a springboard to further expand across lucrative central and eastern European markets, sources told Reuters.
Aviva’s boss Amanda Blanc has been selling assets at pace to focus on the life and general insurer’s core businesses of Britain, Canada and Ireland. Aviva also has joint ventures in China and India.
Parliament approves Budget 2021, paves the way for LIC listing
Parliament cleared changes to the finance Bill 2021, doubling the minimum limit of employee contribution to provident fund to over Rs 5 lakh for the purpose of taxation with some riders, paving the way for the listing of Life Insurance Corporation (LIC), exempting Indian-owned assets sold on digital platforms from equalization levy, and giving tax holidays for the proposed development finance institutions (DFIs).
Parliament passes insurance amendment bill to raise FDI limit to 74%
The minister said the government will provide funds to the public sector insurance companies but private players will have to raise capital on their own.
Worrying decline in health of Gen X, Y in US: Study
The researchers showed that compared to previous generations, members of Generation X and Generation Y showed poorer physical health, higher levels of unhealthy behaviour such as alcohol use and smoking, and more depression and anxiety.
According to the lead researcher, Hui Zheng from The Ohio State University, the results suggest the likelihood of higher levels of diseases and more deaths in younger generations than seen in the past.
“The worsening health profiles we found in Gen X and Gen Y is alarming,” Zheng said.