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Govt ‘concerned’ about dip in LIC share price; calls it temporary blip

Govt ‘concerned’ about dip in LIC share price; calls it temporary blip

by AIP Online Bureau | Jun 10, 2022 | Indian News, Life, Wealth Management/ Philanthropy

Tuhin Kanta Pandey, secretary,DIPAM ”We are very concerned about the temporary blip in LIC share price. People will take time to understand (fundamentals of) LIC. LIC management will look into all these aspects and will raise the shareholders’...

Life insurers can launch products without prior nod, says Irdai

by AIP Online Bureau | Jun 10, 2022 | Indian News, Life, Regulation

The move will enable life insurers to launch most of the products (except individual savings, individual pensions and annuity) in a timely manner according to the dynamic needs of the market The board will have to also constitute a Product Management Committee (PMC),...
IRDA forms panels to implement RBC, IFRS, and Insurtech strategies

IRDA forms panels to implement RBC, IFRS, and Insurtech strategies

by AIP Online Bureau | Jun 10, 2022 | Indian News, Intermediaries, Life, Non-Life, Regulation

In order to take forward the process of setting out reforms for increasing insurance penetration and facilitating sustainable growth of the industry and to explore  the emerging trends and opportunities such as technology based core processes, Insutech, Risk...

Thailand becomes first Asian country to decriminalize cannabis

by AIP Online Bureau | Jun 10, 2022 | Health, International News, Policy

Under decriminalization, it is no longer a crime to grow and trade marijuana and hemp products, or use parts of the plant to treat illnesses. Cafes and restaurants can also serve cannabis-infused food and drinks — but only if the products contain less than 0.2...
Yellen says insurance ban on tankers could lock in Russian Oil

Yellen says insurance ban on tankers could lock in Russian Oil

by AIP Online Bureau | Jun 10, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Janet Yellen, US Treasury Secretary The US has already outlawed imports of Russian oil and the European Union has agreed to prohibit seaborne imports of Russian crude in six months. On top of that, the bloc has worked toward coordinating with some Group of Seven...
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