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`Burning Cost’ can’t  be quoted as a ‘mandated minimum rate’ to charge premiums by general insurers” IRDAI

`Burning Cost’ can’t be quoted as a ‘mandated minimum rate’ to charge premiums by general insurers” IRDAI

by AIP Online Bureau | May 12, 2022 | Indian News, Non-Life, Reinsurance

Allowing general insurers to extend appropriate discounts, IRDAI has explained that “The objective of Insurance Information Bureau of India (IIBI) publishing details of “Burning Costs” occupancy-wise is only to give information to insurers with...
Aviva CEO Amanda Blanc says sexism in finance has got worse

Aviva CEO Amanda Blanc says sexism in finance has got worse

by AIP Online Bureau | May 12, 2022 | International News, Life

Amanda Blanc,,Chief Executive Officer,Aviva Plc The insurance sector has been dogged by allegations of sexism in recent years A 2019 Bloomberg investigation uncovered evidence of endemic sexual harassment at the world’s oldest insurance market [Lloyd’s], including...
Mamata urges people to get treatment under govt health scheme within Bengal

Mamata urges people to get treatment under govt health scheme within Bengal

by AIP Online Bureau | May 12, 2022 | Eco/Invest/Demography, Health, Indian News, Policy

Mamata Banerjee, chief minister, West Bengal ”Last year, Rs 36 crore went out of the state. The thing is we provide Rs 5 lakh for each Swasthya Sathi (card). If the treatment is done here, the money rolls within our state. The problem is that the money is going...
Karnataka HC stays Centre’s notification on higher fee and penalty on aged vehicles

Karnataka HC stays Centre’s notification on higher fee and penalty on aged vehicles

by AIP Online Bureau | May 12, 2022 | Indian News, Non-Life

As per the notification, fee for renewal of registration of cars older than 15 years was enhanced from Rs 600 to Rs 5,000 and bikes from Rs 300 to Rs 1,000 Fitness renewal certificate fee for buses and trucks older than 15 years was enhanced from Rs 1,500 to Rs...
SC refuses to grant interim relief on pleas seeking stay on LIC IPO share allotment

SC refuses to grant interim relief on pleas seeking stay on LIC IPO share allotment

by AIP Online Bureau | May 12, 2022 | Indian News, Life

“We are not inclined to grant any interim relief,” the bench said as it issued notice to the Centre and LIC on the batch of pleas seeking their response within eight weeks New Delhi: The Supreme Court on Thursday refused to grant any interim relief and stay the Life...
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