by AIP Online Bureau | Feb 7, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Reinsurance, Risk Management
This may require a specialized insurance business to be set up by one of the PSU general insurance companies with subsidized premiums for disaster-prone areas, the panel said The government may need to consider how to provide insurance for projects that have to deal...
by AIP Online Bureau | Feb 6, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation
Jayant Sinha, chairman, Parliamentary Standing Committee on Finance The Committee is in favour of allowing composite licensing that could provide further impetus to the insurance sector owing to its various benefits New Delhi: The Parliamentary Standing Committee on...
by AIP Online Bureau | Feb 6, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Minister of State for Finance Pankaj Chaudhary further said the total number of individuals who reported income from ’Profession’ in AY 2023-24 stood at 12,218, up from 10,528 reported in AY 2022-23 New Delhi: The number of people earning above ₹1 crore annually has...
by AIP Online Bureau | Feb 6, 2024 | Banking & Bancassurance, Indian News, Life, Regulation
Last year in August, the company announced a capital infusion by Axis Bank by issuance of 14.25 crore equity shares to help Max Life to support its future growth ambitions, augment its capital position and improve solvency margins NEW DELHI: Max Financial Services,...
by AIP Online Bureau | Feb 6, 2024 | Indian News, Non-Life, Reinsurance
In November last year, the Switzerland-based Zurich Insurance Group had agreed to acquire a 51 percent stake in Kotak Mahindra General Insurance Company for about Rs 4,051 crore. The proposed transaction valued Kotak Mahindra General Insurance Company at Rs 7,943...
