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Budget 2019: India to lead the world in transportation through EVs, says FM

by AIP Online Bureau | Feb 1, 2019 | Eco/Invest/Demography, Indian News, Non-Life, Technology

  New Delhi: Finance Minister Piyush Goyal on Friday said India would lead the world in transportation sector, with electric vehicles (EVs) and energy storage devices set to play a leading role in the segment.   Presenting the Interim Budget for 2019-20 in...

Insurance firms expect Interim Budget proposals to boost penetration

by AIP Online Bureau | Feb 1, 2019 | Eco/Invest/Demography, Indian News, Life, Non-Life, Pension & Social Security

  Mumbai: The insurance industry expects the budget proposals to increase disposable income through hike in tax rebates, pensions, health cover for the masses and digital connectivity, help the sector grow faster.   "The interim budget aims to uplift...

National Insurance to manage Ayushman Bhart scheme for Maharashtra in 2019

by AIP Online Bureau | Feb 1, 2019 | Health, Indian News, Non-Life

  Mumbai: Kolkata based National Insurance Company(NIC) has managed to retain the Ayushman Bhart account of Maharashtra, that generates second largest health insurance premium after Tamil Nadu.   The state has paid a premium of Rs 713 crore for the scheme,...

Nearly 50% cancer patients are uninsured, study

by AIP Online Bureau | Jan 31, 2019 | Health, Indian News, Life, Non-Life

  Mumbai: With healthcare expenses touted to rise in coming years, a grim reality has come to the fore as doctors believe almost 50 per cent of cancer patients pay out of their pockets for treatment, an Edelweiss Tokio Life Insurance study shows.  ...

PNB plans to dilute minor stake in life insurance JV

by AIP Online Bureau | Jan 31, 2019 | Banking & Bancassurance, Indian News, Life

  Mumbai: State-run Punjab National Bank will be diluting a minor stake in its life insurance joint venture PNB Metlife and own over 26 percent of the venture, a top official said on Thursday.   There was no word from the management on a media report of its...
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