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Govt seeks to overhaul Indian insurance sector with extensive reforms measures

by AIP Online Bureau | Nov 29, 2024 | Eco/Invest/Demography, Health, Indian News, Intermediaries, Life, Non-Life, Policy, Reinsurance

Insurers to be allowed to do certain other business, in addition to insurance business, enabling additional stream of revenue for insurers – like carrying of guarantee or indemnity business, managing and selling property possessed by company in satisfaction of...

Welfare pension fraud: Luxury car owners, affluent individuals found on beneficiary lists in Kerala

by AIP Online Bureau | Nov 29, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

This revelation comes amidst widespread outrage in Kerala following reports that nearly 1,500 government employees, including gazetted officers and college professors, had fraudulently claimed social security pensions Thiruvananthapuram: An audit conducted by the...
Social media ban for children under 16 becomes law in Australia

Social media ban for children under 16 becomes law in Australia

by AIP Online Bureau | Nov 29, 2024 | Eco/Invest/Demography, International News, Policy, Risk Management, Technology

The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent children younger than 16 from holding accounts Canberra: With bipartisan...
Finmin proposes to raise FDI in insurance to 100%, seeks public comments by December 10

Finmin proposes to raise FDI in insurance to 100%, seeks public comments by December 10

by AIP Online Bureau | Nov 28, 2024 | Indian News, Life, Non-Life, Policy, Regulation

According to an office memorandum dated November 26, 2024, it is proposed to amend certain provisions of insurance laws to ensure accessibility and affordability of insurance to citizens, foster expansion and development of the insurance industry, and streamline...
DFS secy asks 4 PSU general insurers to bring down their underwriting losses and guard market share

DFS secy asks 4 PSU general insurers to bring down their underwriting losses and guard market share

by AIP Online Bureau | Nov 28, 2024 | Indian News, Non-Life, Policy

M Nagaraju, after becoming the DFS secretary, held his first review meeting with the four state owned general insurance companies in New Delhi on Tuesday New Delhi: M. Nagaraju, secretary, Department of Financial Services (DFS), has asked the four state owned general...
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