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LIC settles 259.54 lakhs of claims amounting to Rs1,63,104 cr in 2018-2019

by AIP Online Bureau | Aug 31, 2019 | Eco/Invest/Demography, Indian News, Life

  Mumbai: The Life Insurance Corporation that has entered in to  64th year of its incorporation on 1st September, has achieved 92.95 per cent of maturity claims and 98.27 per cent of death claims settlement for 259.54 lakhs claims amounting to Rs....

Bancassurance landscape to see changes after merger of 10 PSBs to change the country’s

by AIP Online Bureau | Aug 31, 2019 | Eco/Invest/Demography, Indian News, Life, Non-Life

  Mumbai: With grand new merger schemes ready for the 10 public sector banks(PSU), which has been unveiled by the union finance minister Nirmala Sitharaman on Friday, the bancassurance landscape in terms of ownership and distribution network in country will...

Swiss Re topples Munich Re as the largest global reinsurer in 2018:AM Best

by AIP Online Bureau | Aug 30, 2019 | International News, Reinsurance

  London: Even as India’s state owned reinsurer GIC Re has retained its 11th ranking, Swiss Re, the second largest global reinsurer has toppled Munich Re from its position as the world’s largest reinsurer in 2018, said AM Best.   AM Best has...

PM Modi says 12,000 Ayush centres to be set up across India

by AIP Online Bureau | Aug 30, 2019 | Eco/Invest/Demography, Health, Indian News

New Delhi: Prime Minster Narendra Modi on Friday said that the government has set a target of setting up 12,500 Ayush centres across India, 4000 of which will be set up this year.   Speaking at Yoga Awards ceremony here, he also stressed for the need to create a...

Unemployment rate among Indian women more than double of men: Study

by AIP Online Bureau | Aug 30, 2019 | Eco/Invest/Demography, Facts

The unemployment rate among women in India is more than double of that of men with similar qualifications, a new study has revealed. Titled "Gender Inclusion in Hiring in India", the study by two Harvard students, Rachel Levenson and Layla O'Kane, noted...
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