by AIP Online Bureau | Aug 26, 2024 | Health, Indian News, Intermediaries, Life, Non-Life
Paramount TPA is owned by Nayan Shah family and Fairfax Asia, which had picked up 51 % in the company in 2020 With the acquisition of Paramount TPA, Medi Assist TPA market share will grow to 36.6% for the group segment and 23.6% of the health insurance industry, by...
by AIP Online Bureau | Aug 25, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
As per the Maharashtra cabinet’s decision, UPS will be effective from March this year and will benefit all state government employees, an official said Mumbai: The Maharashtra cabinet on Sunday decided to implement for state government employees the Unified Pension...
by AIP Online Bureau | Aug 25, 2024 | Banking & Bancassurance, Health, Indian News, Life, Non-Life, Regulation
The committee of creditors (CoC) has expressed concerns that bankers to IndusInd International Holdings Ltd (IIHL) have imposed numerous conditions for offering Rs 7,300 crore debt and some of these conditions can only be met by IIHL after the resolution plan has been...
by AIP Online Bureau | Aug 25, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Banks have traditionally dominated the organized gold loan market, holding over 75 percent of the market share. Nearly 80 percent of these are given for agricultural gold loans. In contrast, NBFCs have focused on retail gold loans against jewelry, with their share...
by AIP Online Bureau | Aug 25, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Reinsurance
Participants in “Insurance for All” Vision Meet, hosted by insurance councils over two days on August 23rd and 24th, 2024, in Mumbai, explored the necessity of diversifying insurance products and providers to better reflect the diverse demographics of...
