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Consumer forum directs LIC to pay Rs 2 lakh claim to widow of policyholder

Consumer forum directs LIC to pay Rs 2 lakh claim to widow of policyholder

by AIP Online Bureau | Jun 8, 2024 | Indian News, Life

In an order passed last month, the District Consumer Disputes Redressal Commission, South Mumbai, noted that guidelines of the Insurance Regulatory and Development Authority (IRDA) state all terms and conditions should be explained to the insured in the language known...
Sensex touches all-time high, investors recover Rs 28 lakh crore in last 3 trading sessions

Sensex touches all-time high, investors recover Rs 28 lakh crore in last 3 trading sessions

by AIP Online Bureau | Jun 8, 2024 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

The anticipation of stability within the coalition government at the center, coupled with the RBI’s upward revision of its growth forecast for FY25 to 7.2%, fuelled a broad-based rally in the domestic market Friday’s rally was supported by foreign funds...
RBI maintains status quo in repo rate at 6.5 pc, growth projection raised to 7.2%

RBI maintains status quo in repo rate at 6.5 pc, growth projection raised to 7.2%

by AIP Online Bureau | Jun 7, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management

Shaktikanta Das, Governor,RBI “Uncertainties related to food inflation need to be monitored. Need inflation reduction to 4 per cent level on a durable basis while supporting growth,” RBI Governor Shaktikanta Das said Mumbai: The Reserve Bank of India(RBI)...
Bima Sugam: IRDAI forms an interim board for project, new company and CEO by month end

Bima Sugam: IRDAI forms an interim board for project, new company and CEO by month end

by AIP Online Bureau | Jun 7, 2024 | Health, Indian News, Life, Non-Life, Regulation, Technology

Headquartered in Mumbai, the entity would now be incorporated as a Section 8 (non-profit) company under the name ‘Bima Sugam India Federation’. The members of its interim board are are- Rakesh Joshi, former member, IRDAI, Naveen Tahilyani, MD&CEO, Tata Digital,...

3 crore OPD tokens generated using ABHA-based Scan and share service

by AIP Online Bureau | Jun 6, 2024 | Data, Eco/Invest/Demography, Health, Technology

An average of 1.3 lakh individuals utilize the scan and share service daily, demonstrating its utility and popularity, according to the Health Ministry. The widespread adoption by states is streamlining patient registration processes and enhancing efficiency at OPD...
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