India-linked entities named include the Barbados-flagged vessel...
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Insurance Amendment Bill,2025:Balancing innovation,capital inflows and policyholder protection
Nirmala Sitharaman,Finance minister Taken together,the Bill, that...
Transformational moment, PM Modi on Parliament nod to SHANTI Bill
The Bill introduces an elaborate framework on duties and...
Ritesh Kumar moves to ERGO as dy COO, Anuj Tyagi will be new MD& CEO of HDFC Ergo from July 1
Anuj Tyagi, MD &CEO designate, HDFC ERGO General insurance Ritesh Kumar will join ERGO International from October 4, 2024 onwards and as the new deputy COO and will focus on the Asian growth markets, such as China, Thailand and Singapore Mumbai: Anuj Tyagi, 49,...
India’s disaster management moving forward with a ‘Zero Casualty Approach, says Home minister Shah
Amit Shah,Union Home Minister Shah also reviewed the preparations to deal with Glacial Lake Outburst Flood (GLOF) New Delhi: Emphasizing on optimum use of satellite imagery provided by the Indian Space Research Organization (ISRO) by various agencies for flood and...
53rd GST Council- No tax on co-insurance and reinsurance commission, Rs 25,000 crore demand notices on Indian re/insurers revoked
(LtoR)- Sanjay Malhotra, Revenue Secretary, Nirmala Sitharaman, Union Finance Minister and Pankaj Chaudhary, minister of state,Ministry of Finance, at a press meet on Saturday after the 53rd Goods and Services Tax (GST) Council meet in New Delhi Earlier, Indian...
India mulls income tax cuts in Budget as part of $6 billion consumer boost
Officials in the Ministry of Finance have discussed proposals to reduce taxes for consumers with the highest propensity to spend, the people said, asking not to be identified because the talks are private Prime Minister Narendra Modi’s government is considering...
Industry urges action in Red Sea to stop attacks on merchant shipping by Houthis
Insurance industry sources said on Wednesday there was also mounting concern over the use of attack drone boats by the Houthis Urgent action must be taken in the Red Sea to stop attacks on merchant shipping by Yemen’s Houthis, leading industry groups said on...
Climate Change: The Era of Super-Wild Weather Is Already Here
Erich Fischer, a climate scientist at ETH Zurich, has been trying to do for heat something similar to what US researchers want to do for precipitation. His work in recent years has helped demonstrate that temperature records around the world are falling by greater and...
Group Mediclaim Policies: No claim can be denied for non- availability of details of members, says IRDAI
A policyholder can access information on unclaimed amounts with any insurer in one place at https://bimabharosa.irdai.gov.in/Home/Unclaimed Amount Commenting on the new regulations, Rakesh Jain, CEO, Reliance General Insurance, said, ``A key feature in the circular is...
AIC’s net profit grows 20% to Rs 904 cr in FY24
`For FY 25, the company is targeting to grow its premium income in a single digit of around 5 per cent to 8 per cent. With continued efforts on claim management initiatives, the company is confident of maintaining the healthy claims ratio and confident of making the...
Girija Subramanian takes over as CMD of New India Assurance
Girija Subramanian, CMD, New India Assurance This is also for the first time a serving CMD of a state owned insurance company had appeared for the interview for selecting a CMD of another PSU insurer New Delhi: Girija Subramanian, 58, CMD, Agriculture Insurance...
Zurich acquires 70% of Kotak General Insurance
The acquisition of Kotak General Insurance sets the way forward for Zurich to be a leading player in a very significant growth market – India. This is a key strategic step for Zurich,” said Tulsi Naidu, CEO - Asia Pacific, Zurich Insurance Group Mumbai: Zurich...