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HDFC Life ties-up with Aavas Financiers for selling insurance products

by AIP Online Bureau | Jun 27, 2023 | Briefs, Life

HDFC Life has tied-up with Aavas Financiers Ltd, a leading housing finance company to provide credit financing services. Customers of Aavas will now have access to a wide range of HDFC Life’s insurance products including coverage for home loans and Loans Against...

Merger of HDFC with HDFC Bank effective from July 1: Deepak Parekh

by AIP Online Bureau | Jun 27, 2023 | Indian News, Life, Non-Life

The merger of the corporation with HDFC Bank will be effective July 1, Parekh said.HDFC vice-chairman and CEO Keki Mistry said that the stock delisting of the corporation will be effective from July 13 Earlier, IRDAI had approved HDFC Ltd’s move to transfer its...
IRDAI set to implement 1st phase of ‘Risk Based Supervision’ pilots from July

IRDAI set to implement 1st phase of ‘Risk Based Supervision’ pilots from July

by AIP Online Bureau | Jun 27, 2023 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy, Regulation

With a view to promote a ‘Principle based Regulatory regime’, foster ease of doing business and encourage proactive risk identification and management, the IRDAI has been working towards developing and implementing (RBS)framework for insurance sector in India, said...
ICICI Pru Life gets GST demand notice for Rs 492 cr

ICICI Pru Life gets GST demand notice for Rs 492 cr

by AIP Online Bureau | Jun 27, 2023 | Indian News, Life, Policy, Regulation

The insurer has confirmed that it received a show cause cum demand notice (SCN) from the Directorate General of GST Intelligence (DGGI), asking the company to show cause as to why a tax of Rs 492,06,48,296 pertaining to the period July 2017 to July 2022 should not be...

Australia regulator tells Medibank to set aside $167 mln after data breach

by AIP Online Bureau | Jun 27, 2023 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology, Workplace/Employee Benefits

Medibank last year disclosed that a hacker stole the personal information of 9.7 million current and former customers and released the data on the dark web in one of Australia’s biggest data thefts. At least three separate class action suits have been filed...
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