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Govt directs Reliance General to pay Rs 225 cr to Maha farmers in a week

Govt directs Reliance General to pay Rs 225 cr to Maha farmers in a week

by AIP Online Bureau | Aug 24, 2024 | Indian News, Non-Life, Reinsurance, Technology

Shivraj Singh Chouhan ,Union Agriculture Minister On August 22, the Department of Agriculture and Farmers Welfare held a meeting of the National Technical Advisory Committee (TAC). The committee rejected the insurance company’s objections to crop-cutting...
AIC’s net profit grows 20% to Rs 904 cr in FY24

AIC’s net profit grows 20% to Rs 904 cr in FY24

by AIP Online Bureau | Jun 19, 2024 | Indian News, Non-Life, Reinsurance

`For FY 25, the company is targeting to grow its premium income in a single digit of around 5 per cent to 8 per cent. With continued efforts on claim management initiatives, the company is confident of maintaining the healthy claims ratio and confident of making the...

India’s key monsoon rains arrive early, promising respite from heat, boost crop and rural demand

by AIP Online Bureau | May 31, 2024 | Eco/Invest/Demography, Indian News, Policy

Nearly half of India’s farmland, without irrigation, depends on the annual June-September rains. Regular rains during the monsoon season will also bring relief from the searing heat wave that has seen maximum temperatures cross 50 degrees Celsius (122°F) in some...
With Rs 1,09 trillion prm, Health retains its No 1 position in Indian general insurance industry in FY24

With Rs 1,09 trillion prm, Health retains its No 1 position in Indian general insurance industry in FY24

by AIP Online Bureau | Apr 18, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

Crop insurance has seen a dip in the premium by 4 per cent to Rs 30.715 crore in Fy 24. Mumbai:With a total premium of Rs 1,09,006 crore, showing a growth of 20 per cent, Health Insurance continues to be no 1 portfolio in Rs 2.89 trillion Indian general insurance...

India’s water usage for per tonne crop production 2-3 times more than developed nations: Niti Aayog’s Ramesh Chand

by AIP Online Bureau | Mar 23, 2024 | Data, Eco/Invest/Demography, Policy

“In collaboration with Jal Shakti ministry, we are exploring ways to maximize usage of surface water. For example, if water of a canal is presently irrigating 100 hectare of agricultural land, how can we take it to 150 hectare using various means but same amount...
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