by AIP Online Bureau | Jul 31, 2022 | Indian News, Life, Non-Life, Regulation
Few bidders, including Piramal, Torrent, Oaktree and IndusInd Bank, have written to the administrator seeking an extension of the deadline from existing August 10 to September 15. Moreover, sources said, one of the bidders Piramal Group is also facing roadblock as...
by AIP Online Bureau | Jul 31, 2022 | Interviews, Non-Life, Reinsurance
Malaya Poddar,CMD, Agriculture Insurance Company AIC’s market share in Crop Insurance increased from 29 % to about 50 % currently over the last 3 years AIC has recently obtained a full-fledged “Agriculture Insurance” license from the regulator IRDAI...
by AIP Online Bureau | Jul 31, 2022 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation, Technology
Debasish Panda,chairman,IRDAI Corporate agents are allowed to place commercial lines and general insurance covers without any limit on the sum insured The Insurance Marketing Firms (IMF) will be allowed to engage Insurance Sales Persons (ISP) for the purpose of...
by AIP Online Bureau | Jul 31, 2022 | Eco/Invest/Demography, Indian News, Risk Management, Wealth Management/ Philanthropy
This is in sharp contrast to a net withdrawal of Rs 50,145 crore from the stock market seen in June. This was the highest net outflow since March 2020, when foreign portfolio investors (FPIs) had pulled out Rs 61,973 crore from equities, data with depositories showed...
by AIP Online Bureau | Jul 30, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News
Ashwini Kumar Choubey,Union Minister of State for Environment “Our per capita emissions are 1.96 tonnes which is less than one-third of the world’s per capita GHG (greenhouse gas) emissions and our annual emissions in 2016 are only about 5 per cent of the...
