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Govt cheers OIC crossing Rs 20k gross premiumin in Fy 26, reiterates its continued support for PSU insurers

Govt cheers OIC crossing Rs 20k gross premiumin in Fy 26, reiterates its continued support for PSU insurers

by AIP Online Bureau | Mar 27, 2026 | Indian News, Non-Life, Policy

OIC poised to introduce forward-looking solutions like Sarvatra Suraksha Parametric Insurance Policy, Nil Depreciation Comprehensive Policies, including long-term variants and Surety Bond Insurance, aligning with evolving risk landscapes and national priorities. New...
Govt may consider OFS option for raising public float in IDBI Bank

Govt may consider OFS option for raising public float in IDBI Bank

by AIP Online Bureau | Mar 22, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

Earlier this month, the proposed sale of a 60.72 per cent majority stake, held jointly by the government and the LIC, was scrapped after financial bids from two potential buyers reportedly fell short of the reserve price. New Delhi:The government may consider selling...
Govt announces Rs 500 crore RELIEF measures to support exporters amid West Asia conflict

Govt announces Rs 500 crore RELIEF measures to support exporters amid West Asia conflict

by AIP Online Bureau | Mar 19, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy

Rajesh Agrawal,Commerce Secretary The scheme focuses on mitigating the sharp rise in logistics costs and insurance premiums for shipments heading to the Gulf and West Asia.The support is divided into three distinct components to address different segments of the...
Govt says Air India plane crash probe report will be out “very soon”

Govt says Air India plane crash probe report will be out “very soon”

by AIP Online Bureau | Mar 9, 2026 | Indian News, Non-Life, Reinsurance, Technology

“Regarding the AI171 crash that happened in June last year, the investigation is going at a very good pace, and all the resources that are required for AAIB, the primary agency which is looking into the investigation, the ministry is providing.And I would say...
Govt to curb opaque shipping surcharges amid Middle East tensions: Report

Govt to curb opaque shipping surcharges amid Middle East tensions: Report

by AIP Online Bureau | Mar 9, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance

The move comes after exporters flagged sharp and sometimes arbitrary increases in logistics costs, particularly during the current geopolitical crisis that has disrupted global shipping routes and pushed freight rates higher. New Delhi: The government is preparing to...
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