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General insurers start chasing IRDAI’s premium targets

General insurers start chasing IRDAI’s premium targets

by AIP Online Bureau | Aug 8, 2022 | Indian News, Non-Life

General insurers posted a 20.82 percent growth in premium collection at Rs. 77,884 crore during the four-month period-till July- as against a 23 percent growth at Rs. 54,492 crore in the three-month period ended June 2022. After de growing in June, state owned...
Mukesh Ambani draws nil salary for second year in row

Mukesh Ambani draws nil salary for second year in row

by AIP Online Bureau | Aug 8, 2022 | Facts

Ambani has kept salary, perquisites, allowances and commission together at Rs 15 crore since 2008-09, forgoing over Rs 24 crore per annum Mumbai: Billionaire Mukesh Ambani for the second year in a row drew no salary from his flagship firm Reliance Industries in the...
Drought Risk: Soren seeks special package for J’khand, Bihar MP asks Centre to declare state drought-hit

Drought Risk: Soren seeks special package for J’khand, Bihar MP asks Centre to declare state drought-hit

by AIP Online Bureau | Aug 7, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Policy

Hemant Soren,Chief Minister,Jharkhand “This year, the state so far registered 50% deficit rainfall, with less than 20 per cent of the paddy sowing target achieved. Jharkhand is inching towards drought. I urge the Centre to approve a special package for Jharkhand...
Irdai to revamp grievance redressal mechanism, to rename it ‘Bima Bharosa’

Irdai to revamp grievance redressal mechanism, to rename it ‘Bima Bharosa’

by AIP Online Bureau | Aug 7, 2022 | Indian News, Life, Non-Life, Regulation, Technology

The robust and effective mechanism would allow easy on-boarding of the complainant and s/he has to fill only eight mandatory fields to lodge the grievance. The landing page is simple with a clean design. It focusses on two actions — namely ‘register a new...

28 cos secure Sebi’s clearance to float IPOs worth Rs 45,000-cr in Apr-Jul FY23

by AIP Online Bureau | Aug 7, 2022 | Eco/Invest/Demography, Indian News, Regulation

Small towns and cities who have done a fantastic job of growing their business but have never thought of monetizing their efforts are now gearing up for the move. Hence we see many applications being filled with the regulator,” Motilal Oswal Investment...
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