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Around 1.3 million transformer failures occur in India annually

Around 1.3 million transformer failures occur in India annually

by AIP Online Bureau | Nov 17, 2025 | Data, Eco/Invest/Demography, Risk Management, Technology

In a meeting on Distribution Transformer, it has been highlighted that the “national distribution transformer failure rate averages around 10 per cent, amounting to nearly 1.3 million transformer failures annually”. New Delhi: Around 1.3 million...
Aiming affordability,IRDAI chief hints at key distribuition reforms in Indian insurance sector

Aiming affordability,IRDAI chief hints at key distribuition reforms in Indian insurance sector

by AIP Online Bureau | Oct 30, 2025 | Eco/Invest/Demography, Health, Indian News, Intermediaries, Life, Non-Life

“We see BIMA Sugam as an efficient consumer-facing platform, which is getting ready and at the back-end are the insurance companies. They have made a beginning as their products and services should be coming in the market in the next few quarters.”Ajay...

Insurance SaaS platform Heph partners with Capri Global for distribution

by AIP Online Bureau | May 29, 2025 | Banking & Bancassurance, Briefs, Health, Technology

Heph, India’s largest Insurance SaaS Platform and a Girnar Finserv Entity has announced its partnership with Capri Global Capital known by the brand name Capri Loans, one of the Indian NBFCs. Capri has chosen Heph as its technology partner owing to its...
Apollo 24|7 forays into online insurance distribution, plans to launch products from 12 insurers

Apollo 24|7 forays into online insurance distribution, plans to launch products from 12 insurers

by AIP Online Bureau | May 14, 2025 | Health, Indian News, Intermediaries, Life, Non-Life, Regulation

It has secured regulatory approval to operate as a corporate agent and will soon begin distributing Health, Life, and General Insurance products on its platform for its customers, said Apollo HealthCo CEO Madhivanan Balakrishnan. All plans will be bundled with...
IRDA may unveil new regulations to check insurers’ overdependence on promoter banks

IRDA may unveil new regulations to check insurers’ overdependence on promoter banks

by AIP Online Bureau | Dec 12, 2024 | Banking & Bancassurance, Indian News, Intermediaries, Regulation

In some cases, parent banks of insurers are selling over three-fourths of the policy, the official, who did not wish to be identified, told reporters in Mumbai Mumbai: Insurance industry watchdog Irdai wants insurers to diversify their distribution channels and may...
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