While the UK Home Office has refused to comment on the issue, The...
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Insurers look to hike health premiums for Delhi as pollution stings
In India, insurers can vary health insurance premiums by city based...
Messages like ‘you are slim smart fair’ to unknown woman at night amount to obscenity: Court
Earlier, the accused was convicted by a magistrate court here in...
Don’t sell Ayurveda drugs without valid prescription: Govt to e-commerce platforms
E-commerce platforms have been advised that the sale or facilitating the sale of such drugs shall be done only after a valid prescription of a registered Ayurveda, Siddha or Unani practitioner respectively is uploaded by the user on the platform. Consuming such drugs...
IRDAI extends `Use & File’ procedure to Agriculture and allied activities covers
Insurance Regulatory and Development Authority of India (IRDAI) in its continued endeavor to protect the interests of all segments of policyholders and improve the ease of doing business has now extended the ‘Use and File’ procedure to products covering Agriculture...
Axis MF scandal set to hit $465-bn asset management industry
Mutual funds, which fall somewhere between high-risk stock trading and low-return bank deposits, have offered an attractive proposition to both young and risk-averse older investors in India. The industry has grown nearly five-fold in the last decade, with over 37...
IRDA constitutes 2 panels to sort out reinsurance issues in life and non-life insurance industry
Non-life panel headed by Bhargav Dasgupta, MD and CEO, ICICI Lombard General Insurance, to deliberate on issues like Obligatory Cession, Cession cap on cross boarder reinsurers, introduction of emerging risk transfer solutions (ART, ILS, CAT bonds etc.), and...
Sebi mulls making ‘market risk factor disclosures’ to help investors
The official further said most of the research material available in the market has been prepared by the market participants who have their own business interests in mind and therefore it could be a great idea if the regulator itself makes public its insights from...
PNB to select an actuarial firm for 23% stake sale in Canara HSBC Life Insurance to HSBC
At present, PNB has stakes in two insurance firms -- PNB MetLife India Insurance Company Limited (PNB MetLife) and Canara HSBC OBC Life Insurance Company Ltd (CHOICE) HSBC Insurance (Asia Pacific) Holdings Limited, that holds 26 percent in Canara HSBC Life Insurance,...
ECB climate stress test flags $71 billion risk to euro zone banks
“Euro area banks must urgently step up efforts to measure and manage climate risk, closing the current data gaps and adopting good practices that are already present in the sector,” said the ECB’s chief supervisor, Andrea Enria A sudden jump in carbon prices coupled...
PFRDA approves HDFC merger with HDFC Bank
''We wish to inform you that HDFC Limited has today i.e. on July 8, 2022, received an approval from PFRDA regarding change in its status/constitution pursuant to the Scheme in accordance with the PFRDA (Point of Presence) Regulations, 2018, subject to a condition that...
Insurance agents association urge IRDAI not to display commission on policies
The policyholders will bargain hard with agents to part with their due earnings without considering any kind of administration, technology development and other recurring and daily growing expenses including the sky-high rentals and salaries which would soon and...
Around 30 flight incidents occur per day in India, majority have no safety implications: DGCA chief
Arun Kumar, chief of aviation regulator DGCA In a statement on Wednesday, Arun Kumar, chief of aviation regulator DGCA said: ''On an average, about 30 incidents do take place, which includes go around, missed approaches, diversion, medical emergencies, weather issues,...