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Irdai mulling to extend testing period under Regulatory Sandbox mechanism to 3 yrs

by AIP Online Bureau | Jun 23, 2022 | Indian News, Life, Non-Life, Regulation, Technology

“Here we now realise that this has to be a continuous process, the period for which they are allowed to test such products in the market is only limited to six months. We are now proposing to expand that period to even up to three years, particularly for life...
Irdai working towards risk-based capital, supervision frameworks: Chairman Panda

Irdai working towards risk-based capital, supervision frameworks: Chairman Panda

by AIP Online Bureau | Jun 23, 2022 | Indian News, Life, Non-Life, Policy, Regulation, Risk Management

Debasish Panda,chairman,Irdai ”Currently, we have traditional method of supervision and we have very recently started embarking on a project of moving towards a risk based supervision which will be enabled by technology. In another word, you can call it...

Wage Revision: PSU general insurance unions reject GIPSA’s“much lower than LIC’s pay hike” offers

by AIP Online Bureau | Jun 22, 2022 | Indian News, Non-Life

PSU general insurance companies have offered a very low wage hikes of seven per cent with immediate effect without any past arrears since August 2017 or wage hike of five per cent along with two per cent arrears Rejecting all the offers of the GIPSA, the unions have...
Corporate Health Cover: 10 necessary add-ons

Corporate Health Cover: 10 necessary add-ons

by AIP Online Bureau | Jun 22, 2022 | Articles, Health, Non-Life, Workplace/Employee Benefits

Now, even Indian insurers are open to the idea of covering LBGTQ and live in partners under a corporate cover. Companies are increasingly opting for these covers in line with growing expectations for inclusivity in the workplace. New age companies are increasingly...
Strong earthquake kills at least 280 in Afghanistan

Strong earthquake kills at least 280 in Afghanistan

by AIP Online Bureau | Jun 22, 2022 | Disaster & Management, Eco/Invest/Demography, International News

Most of the confirmed deaths were in the eastern Afghan province of Paktika, where 255 people had been killed and more than 200 injured, said interior ministry official Salahuddin Ayubi. In Khost province, 25 people had been killed and 90 taken to hospital, said a...
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