by AIP Online Bureau | Sep 12, 2022 | Indian News, Life, Non-Life, Regulation
New Delhi: Suitors for debt-ridden Reliance Capital Limited (RCL) have sought extension of up to 4 months for submission of binding bids as part of its resolution process. US-based asset management fund Advent has sought extension by 16 weeks, while Piramal Finance...
by AIP Online Bureau | Sep 12, 2022 | Indian News, Life, Non-Life, Policy, Regulation
New Delhi: The finance ministry is contemplating changes in insurance laws, including reduction in minimum capital requirement, with a view to increasing the insurance penetration in the country. Insurance penetration in India increased from 3.76 per cent in 2019-20...
by AIP Online Bureau | Sep 11, 2022 | Indian News, Main Menu, Non-Life
New Delhi: The government on Sunday has appointed Neerja Kapur, 58, general manager, New India Assurance as the CMD of the company while Girija Subramanian, 56, general manager, GIC Re has been elevated as the CMD of Delhi based Agriculture Insurance Company(AIC)....
by AIP Online Bureau | Sep 9, 2022 | Indian News, Life
The rep office will help Tata AIA assess the needs of the Indian diaspora in the UAE Mumbai: Tata AIA Life Insurance (Tata AIA), today announced the opening of its first representative office in Dubai, UAE. The rep office will help Tata AIA assess the needs of the...
by AIP Online Bureau | Sep 9, 2022 | Indian News, Non-Life
The outcome of the case, which has now been adjourned many times, can raise the issue of validity of appointments of existing CMDs of PSU general insurance companies along with chairman and four managing directors of Life Insurance Corporation(LIC) who were selected...
