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IRDAI approves 8 new insurance players, final licenses soon: Chairman

IRDAI approves 8 new insurance players, final licenses soon: Chairman

by AIP Online Bureau | May 30, 2022 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Reinsurance

`Debasish Panda, chiarman, IRDAI The industry has now 56 primary players and 12 foreign reinsurers “We would like to have many more players including micro insurers, insurtechs, niche and differentiated players who can operate with a much smaller capital and...

IRDAI gives initial approvals to 8 new players: Chairman

by AIP Online Bureau | May 30, 2022 | Workplace/Employee Benefits

“ With  new eco-system that IRDAI  is putting in place, which Panda  described a “revolutionary phase,’  the industry which has almost reached Rs 10 trillion of premium income at the end of Fy2020-21 should be in a position to double it in next five...
Investors richer by over Rs 10.19 lakh crore in 3-day rally

Investors richer by over Rs 10.19 lakh crore in 3-day rally

by AIP Online Bureau | May 30, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

”Indian markets witnessed a smart rally on the back of positive global cues and early arrival of monsoon giving hopes of slowdown in inflation. On the global front, European and Asian markets edged higher following US market rally on last Friday,” said...
LIC  net profit falls 18% to Rs 2,409 crore in Q4 FY2021-22,declares 15% dividend

LIC net profit falls 18% to Rs 2,409 crore in Q4 FY2021-22,declares 15% dividend

by AIP Online Bureau | May 30, 2022 | Indian News, Life

The corporations’ first year premium increased 32.65 per cent to Rs 14,663.19 crore and its renewal premium increased by 5.37 per cent to Rs 71,472.74.05 crore in the reporting quarter NEW DELHI: Life Insurance Corporation (LIC) of India has seen its net profits...
Expand scope of Ayushman Bharat to include middle class: Gehlot urges PM

Expand scope of Ayushman Bharat to include middle class: Gehlot urges PM

by AIP Online Bureau | May 30, 2022 | Eco/Invest/Demography, Health, Indian News, Policy

Rajasthan Chief Minister Ashok Gehlot ”Due to the costly treatment in today’s era, apart from the eligible families of SECC, the middle class also needs a scheme like Chiranjeevi Yojana across the country. I request you to increase the scope of Ayushman...
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