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Asset management companies add 51 lakh new investor accounts in June quarter

Asset management companies add 51 lakh new investor accounts in June quarter

by AIP Online Bureau | Jul 10, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

According to the data, the number of folios with 43 fund houses rose to 13.46 crore in June 2022 from 12.95 crore in March 2022, registering a gain of 51 lakh during the three-month period. The industry crossed a milestone of 10 crore folios in May 2021 Mumbai: Asset...

PNB to select an actuarial firm for 23% stake sale in Canara HSBC Life Insurance to HSBC

by AIP Online Bureau | Jul 10, 2022 | Banking & Bancassurance, Indian News, Life, Regulation

At present, PNB has stakes in two insurance firms — PNB MetLife India Insurance Company Limited (PNB MetLife) and Canara HSBC OBC Life Insurance Company Ltd (CHOICE) HSBC Insurance (Asia Pacific) Holdings Limited, that holds 26 percent in Canara HSBC Life...

Data leak of a billion Chinese nationals questions Xi’s ‘so-called’ claims of data security

by AIP Online Bureau | Jul 10, 2022 | Workplace/Employee Benefits

With the latest data breach, the country with a nearly 1.4 billion population risks the personal information of nearly 70 per cent population. While experts said that it is unclear how many people have accessed or downloaded the database during the 14 months or more...
IRDAI considers 12 new insurance players for licenses

IRDAI considers 12 new insurance players for licenses

by AIP Online Bureau | Jul 9, 2022 | Indian News, Life, Non-Life, Reinsurance

Debasish Panda, chairman, IRDAI The entities who have applied for the new licenses are Paytm General Insurance, Anzen General Insurance ( R1 filed in July), Ria General Insurance( R1 applied), Kshema General Insurance(Agriculture Insurance, R2 under process),Cosmea...
70 pc of senior citizens didn’t have access to proper healthcare during Covid: Survey

70 pc of senior citizens didn’t have access to proper healthcare during Covid: Survey

by AIP Online Bureau | Jul 9, 2022 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic, Technology

An ageing population in India, along with a growing middle class and enhanced life expectancy, is expected to boost the demand for allied health care services in India, Antara said. New Delhi: Around 70 per cent of senior citizens did not have access to proper...
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