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Government may seek Rs 15 trillion valuation for LIC, aims to file prospectus for IPO by Jan end

Government may seek Rs 15 trillion valuation for LIC, aims to file prospectus for IPO by Jan end

by AIP Online Bureau | Jan 12, 2022 | Indian News, Life, Policy

The government is still awaiting the completed valuation report, the people said, and projected valuations may change based on that. They added that LIC could be valued at as high as five times the so-called embedded value — higher than 3-4 times for most insurers...

No complete ban on cannabis, medical use allowed: Centre to Delhi HC

by AIP Online Bureau | Jan 11, 2022 | Health, Indian News, Policy

The petition, which is listed for further hearing in March, has challenged provisions of the Narcotic Drugs and Psychotropic Substances (NDPS) Act which prohibit the use of cannabis and has contended that the drug has medicinal and industrial benefits. New Delhi: The...

Too soon to treat COVID-19 like flu as Omicron spreads – WHO

by AIP Online Bureau | Jan 11, 2022 | Health, International News, Pandemic

“At this rate, the Institute for Health Metrics and Evaluation forecasts that more than 50% of the population in the region will be infected with Omicron in the next 6-8 weeks,” Kluge said, referring to a research centre at the University of Washington...

Government finalises medical insurance for retired Air India employees

by AIP Online Bureau | Jan 11, 2022 | Health, Indian News, Policy

Retired employees will get the Central Government Health Scheme facility for their OPD requirement and National Health Insurance Scheme for their hospitalisation requirements,” a top government official told the paper. The airline has around 50,000 retired staff...

Non-life insurance cos register over 7 pc rise in gross premium at Rs 18,953 cr in Dec 2021

by AIP Online Bureau | Jan 11, 2022 | Health, Indian News, Non-Life

The five standalone health insurance companies registered a 31.3 per cent rise in their gross underwritten premium at Rs 1,740.15 crore during the month, against Rs 1,325.03 crore a year ago Hyderabad: The gross direct premium underwritten by non-life insurance...
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