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IRDAI approves new expense of management for insurers, allows higher intermediary commissions within EOM

IRDAI approves new expense of management for insurers, allows higher intermediary commissions within EOM

by AIP Online Bureau | Mar 26, 2023 | Indian News, Life, Non-Life, Regulation

New measures to be effective from Apr 1 The IRDAI also approved licenses of two new life players-Acko Life Insurance and Credit Access Life Insurance Hyderabad: With a bit of delay, insurance regulator IRDAI had its last board meeting of the current fiscal, FY2022-23,...
RCAP resolution plan: Roadblock as bidders upset over another auction plan

RCAP resolution plan: Roadblock as bidders upset over another auction plan

by AIP Online Bureau | Mar 26, 2023 | Indian News, Life, Non-Life, Regulation

According to the sources, Torrent has recently conveyed to the lenders that it is not willing to participate in the second round of auction The other bidder — IndusInd International Holdings Ltd (IIHL) of Hinduja Group — has also told the lenders that it...

Family ID next big thing for robust delivery of schemes, services in UP: Social Welfare Minister Asim Arun

by AIP Online Bureau | Mar 26, 2023 | Eco/Invest/Demography, Indian News, Policy, Workplace/Employee Benefits

Family ID is a 12-digit unique identification number carrying details of a family, serving as a central repository of family attributes to automatically determine their eligibility for government schemes and extend benefits to the missing beneficiariesThe database...
France bans TikTok from govt devices amid cybersecurity risks

France bans TikTok from govt devices amid cybersecurity risks

by AIP Online Bureau | Mar 26, 2023 | International News, Risk Management, Technology

The ban brings the France in line with UK, the US, Canada and the European Union (EU) and also India – which banned TikTok entirely from the country, even as the company strongly denies sharing user data with the Chinese government. TikTok is bound by China’s...

ICMR comes up with first ethical guidelines for application of AI in biomedical research, healthcare

by AIP Online Bureau | Mar 26, 2023 | Eco/Invest/Demography, Health, Indian News, Technology

The induction of AI into healthcare has the potential to be the solution for significant challenges like diagnosis and screening, therapeutics, preventive treatments, clinical decision-making, public health surveillance, complex data analysis, and predicting disease...
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