Wilf Blackburn, ex-regional CEO of Prudential Asia, is proposed to...
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Irdai proposes internal ombudsman for insurers to address claims up to Rs 50 lakh
"Applicable to all insurers (except reinsurers) with more than...
India’s financial inclusion index improves, surges to 67 from 64.2 in March 2024: RBI
It captures the level of financial inclusion using data from...
RBI extends Paytm Payments Bank restriction deadline to March 15
As per a January 31 order of the central bank, PPBL was asked to stop further deposits, credit transactions, or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, and National Common Mobility Cards, after February 29 Mumbai: The banking regulator...
Government establishes committee to develop regulations on the problem of unwanted phone calls
The sole objective of Trai DLT(Distributed Ledger Technology) regulations is to bring transparency to the system, counter the menace of SMS spam and protect consumers from fraudulent practices New Delhi: The government on Thursday said it has formed a committee to...
Subramanian Swamy moves Delhi HC seeking probe against Axis Bank-Max Life share deal
Subramanian Swamy In his petition, Swamy has alleged Axis Bank made undue profits totalling Rs 4,000 crore from the sale and purchase of equity shares of Max Life in a non-transparent manner and in violation of the applicable regulations. New Delhi: BJP leader...
Road ministry clarifies legal status of bike taxis
'It is clarified that as per section 2(28) of the MV Act, vehicles having less than four wheels fitted with an engine capacity exceeding 25cc are also included within the definition of motor vehicles. Hence, 'motorcycles' shall fall within the ambit of Section 2(7) of...
IRDAI proposes to increase free look period to 30 days for policyholders
No policy in case of life insurance shall be issued unless nomination is obtained, Nomination provisions relating to general, wherever applicable and health insurance policies introduced, Insurance policies meeting the defined criteria to be issued in Electronic form,...
IRDAI unveils regulations for Bima Sugam, services will be free for customers
Bima Sugm will officially called as Rashtriya Bima Sugam Nigam Ltd and the shareholding of the company will be widely held amongst Life insurers, General Insurers and health insurers. Starting with a capital of Rs 200 crore, the shareholders, as and when required,...
Underwrite disruptions to improve market penetration: IRDAI chief to insurers
Debasish Panda,chairman, IRDAI "There is a need to come out of the traditional and conventional roles and embrace dynamism and agility and also there is a need to see the sector from a different lens," IRDAI's chief Debasish Panda said, acknowledging the role of...
EU to probe TikTok faces over risks to minors, may pay hefty fines
The bloc singled out 19 online platforms and search engines last year as large entities worthy of scrutiny and has been quizzing them for information. That includes X, Meta Platforms Inc., Alphabet Inc. and others with more than 45 million monthly active users in...
Gallagher appoints Sneha Gokarn as its new CEO for India
Sneha Gokarn, CEO and principal officer of Gallagher, India ``Sneha, who has been a board member and executive director of our business a number of years has extensive experience in both the Indian insurance market and Gallagher, and we are delighted Sneha will be...
DGCA takes necessary steps to prevent runway incursions following Haneda airport incident
Apart from establishing a runway safety team at all aerodromes and ensuring their effective functioning, the regulator has emphasised on comprehensive training for pilots, air traffic controllers, aircraft maintenance engineers, and drivers operating inside an airport...