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SBI Life Q1 profit slumps 43 % to Rs 220 crore on higher Covid claims payout

by AIP Online Bureau | Jul 26, 2021 | Health, Indian News, Life

  Mumbai: SBI Life Insurance Company Ltd (SBI Life) on Monday reported a 43 per cent slump in its net profit to Rs 220 crore for the quarter ended in June hit by higher claim payouts due to Covid-19 pandemic. The insurer had posted a net profit of Rs 390 crore in...

Pandemic leaves Indians mired in massive medical debts

by AIP Online Bureau | Jul 26, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  NEW DELHI:  As coronavirus cases ravaged India this spring, Anil Sharma visited his 24-year-old son Saurav at a private hospital in northwest New Delhi every day for more than two months. In May, as India’s new COVID-19 cases broke global records to...

Insurance brokers Aon and Willis drop $30 bn merger move, Aon to pay $1 billion termination fee to Willis

by AIP Online Bureau | Jul 26, 2021 | Intermediaries, International News, Non-Life, Policy, Regulation, Reinsurance

  DUBLIN, July 26: Aon plc and Willis Towers Watson announced today that the firms have agreed to terminate their proposed $30 billion merger proposal and end litigation with the U.S. Department of Justice (DOJ). In connection with the termination of the business...

Momentum of climate action can be expedited when there is enough financial support: Yadav

by AIP Online Bureau | Jul 26, 2021 | Uncategorized

New Delhi: The momentum of climate action can be accelerated only when there is enough financial and technological support to developing nations, Union Environment Minister Bhupender Yadav said on Friday. Speaking virtually on the second and concluding day of the 16th...

Harmonizing guidance to assess radioactivity in food and drinking water

by AIP Online Bureau | Jul 26, 2021 | Eco/Invest/Demography, Health, International News, Non-Life

  Proposals to harmonize guidance on radioactivity in food and drinking water in non-emergency situations have reached a milestone with the development of a document based on international consensus on the topic. The draft of this document was discussed by...
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