“The regret is that we should have found it ourselves, which we...
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NGT tissues notice to Centre, others over worsening condition of Asia’s largest oxbow lake in Bihar
The bench said the lake, which once covered around 63 sq km, has...
IRDAI cracks down on 99% Fire Insurance discounts amid pricing war
Although India's general insurance market has been de-tariffed,...
India’s GIFT City finance hub grants first family office permit
The step underscores GIFT City’s aim to build a globally competitive and flexible regulatory ecosystem for foreign family offices and private wealth structures, the GIFT City financial regulatory authority said MUMBAI: India's Gujarat International Finance Tec-City...
Top panel headed by Cabinet Secy Somanathan to interview candidates tom to select 2 new IRDAI members
While for the member, Actuary, a lot of professional actuaries including from Life Insurance Corporation have applied, for member, Distribution, three serving CMDs of PSU general insurance companies,along with other professionals, are in the race. New Delhi: A top...
Govt may hike FDI limit in pension sector; Bill likely in Monsoon Session
Amendment to Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013 seeking to raise the FDI limit in the pension sector may come in the Monsoon Session or Winter Session depending on various approvals, sources said. Currently, the FDI in pension fund is...
Prudential plc appoints Amit Dave as CEO of Indian health JV
Ami Dave Naveen Tahilyani, Regional CEO, Prudential, said “ Amit will lead Prudential Health India through its next phase of growth, including securing regulatory approvals and building a differentiated health proposition that is fully aligned with Prudential’s global...
IRDAI retains obligatory at 4% for GIC Re in FY26-27
The government has notified the move, on Friday, saying that the entire Obligatory Cession is to be placed with General Insurance Corporation of India (GIC Re) only, though, there are two other Indian reinsurers- Valueattics Reinsurance Company and Allianz Jio...
U.S. cyber insurance market bounces back,raises underwriting risk:Fitch
While the market remains profitable, deteriorating incurred direct losses and the growing influence of artificial intelligence signal increasing underwriting complexity for property/casualty insurers, says Fitch Ratings. U.S. cyber insurance direct written premiums...
Sebi inks pact with DoT for data sharing to curb fraud in securities market
SEBI said DoT has developed a Digital Intelligence Platform (DIP), which is a secure framework for real-time intelligence sharing and coordination among various stakeholders, to combat cybercrime and financial fraud by enabling proactive action against the misuse of...
RBI holds rates,lowers GDP growth for FY 27 to 6.9%; hikes Inflation outlook to 4.6% due to West Asia crisis, spike in crude prices
“Higher input costs associated with an increase in energy prices and international freight and insurance costs, along with supply-chain disruptions that would constrain availability of key inputs for downstream sectors, would impair growth,” RBI Governor Sanjay...
IRDAI approves transmission of late Jhunjhunwala’s stake in Star Health
Star Health has received approval from Insurance Regulatory and Development Authority of India (IRDAI) on Tuesday for the proposed transmission of 8,28,82,958 equity shares held by Late Rakesh Jhunjhunwala, the largest shareholder of the company, and the said...
IRDAI forms committee to review country’s current landscape of private health insurance
The committee will review the current landscape of private health insurance in India including coverage, penetration, claims experience, product design, grievance redressal and consumer experience. It will recommend regulatory,policy, and operational measures to...