From April 1, 2025, the government has introduced UPS as an option...
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Future Trends: Tech-Driven Life & Annuities Insurance
Intelligent platforms now analyze vast volumes of policyholder,...
Australia’s financial regulator sues Mercer over customer disclosures
The lawsuit comes after an Australian Securities and Investments...
Bank of England tells UK to hold insurers to account on infrastructure
Britain is rolling back capital rules for insurers from later this year and the industry has said this would make available up to 100 billion pounds to invest in infrastructure, but some lawmakers have doubts this will actually be the case The government should check...
FEATURE-India’s women gig workers organise with WhatsApp, secret meetings
India is one of the largest and fastest-growing markets for the so-called gig economy, with nearly 8 million workers in 2020-21, and forecast to expand to 24 million workers by 2029-30, according to government think-tank NITI Aayog Women make up a very small part of...
Live-in relationship cannot provide stability, security: Allahabad HC
The court said, "The brutish concept of changing partners in every season cannot be considered to be the hallmark of a stable and healthy society. The security and stability which the institution of marriage provides to an individual's life cannot be expected from a...
Total Asset Under Management (AUM) under NPS reaches Rs 10 lakh crore
For corporates, it was Rs 1,35,218, for all citizen model the AUM was Rs 47,663, for NPS Lite it was Rs 5,157 and for Atal Pension Scheme the AUM was Rs 30,051 New Delhi: The number of subscribers under the National Pension System (NPS) and Atal Pension Yojana (APY)...
LIC secures 107th position in Fortune Global 500 list
Life Insurance Corporation(LIC) is celebrating its 67th anniversary on Friday. With 13.47 lakh agents, LIC has taken many customer-centric initiatives and digital initiatives besides improving pricing and creating operational efficiencies Mumbai: With total 27.74...
India Retirement Index: Urban India sees a significant upward movement
Prashant Tripathy, managing director & CEO, Max Life said, “This edition shows progress in India’s retirement preparedness, which also signals the country’s stronger economic resilience. Today's working population will be tomorrow's large, retired population. And...
Pandemic, inflation push 68 million more in Asia into extreme poverty – ADB
In a new report released on Thursday, the ADB said an estimated 155.2 million people in developing Asia, or 3.9% of the region's population, lived in extreme poverty as of last year, 67.8 million more than would have been the case without the health and cost-of-living...
Australia’s spending on public pensions to be lowest in OECD as private system takes strain
The number of Australians aged 65 and over will double by 2063 but spending on public pensions will decline to 2% of GDP over the same period, from 2.3% today, thanks to the private pension system, according to excerpts from the "Intergenerational Report 2023" seen by...
UK PM Sunak commits to triple-lock pension policy despite inflation
Last November, with inflation in double-digits, finance minister Jeremy Hunt decided to raise state retirement and welfare benefits payments in line with price growth at a cost of about 11 billion pounds London: British Prime Minister Rishi Sunak said he was committed...
EPFO invests Rs 13,017 crore in exchange traded funds (ETFs) in April-July period
Minister of State for Labour and Employment Rameswar Teli said the Code on Social Security, 2020 envisages social security benefits through formulation of schemes for gig and platform workers that can be implemented through EPFO and Employees’ State Insurance...