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Turtlemint’s $25 million funding by Sequoia

by AIP Online Bureau | Jan 16, 2019 | Indian News, Intermediaries, Technology

  Mumbai:  Tech-based platform Turtlemint, fast emerging as a leader in the insurance distribution space, has closed a USD 25 mn funding round – led by Sequoia India, with participation from existing investors Nexus Venture Partners and Blume Ventures....

Tax return will soon be processed in one day

by AIP Online Bureau | Jan 16, 2019 | Eco/Invest/Demography, Indian News

  New Delhi: IT major Infosys has been selected to implement the next generation system for processing income tax return filings, with the Union Cabinet sanctioning an estimated Rs 4,241.97 crore for the project.   The move will help in bringing down the...

There may be no tax on income up to ₹500,000

by AIP Online Bureau | Jan 16, 2019 | Eco/Invest/Demography, Indian News, Life, Non-Life, Pension & Social Security

  New Delhi: With middle-class apathy on the rise, Finance Minister Arun Jaitley may double the income tax exemption threshold for the salaried from the present ₹250,000 to ₹500,000 while also reinstating tax-free status for medical expenses and transport...

TATA AIG General launches ‘Medicare’ for health contigencies

by AIP Online Bureau | Jan 16, 2019 | Health, Indian News, Non-Life

  Mumbai: Tata AIG General Insurance Company has introduced its new healthcare variant ‘MediCare’,a flexible and all-inclusive product offering life-long renewal benefit to its customers and offers a sum insured option of up to Rs 20 lacs...

Cyber joins Business Interruption as leading Global Risk for first time: Allianz

by AIP Online Bureau | Jan 16, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

  NEW YORK: In the wake of mega data breaches and privacy scandals, major IT outages and the introduction of tighter data protection rules in the European Union and other countries, cyber risk is now a core concern for businesses in 2019 and beyond.  ...
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