by AIP Online Bureau | Jan 1, 2025 | Banking & Bancassurance, Indian News, Life, Non-Life, Policy, Regulation
M Nagaraju, Secretary, Department of Financial services At the outset, the Secretary reiterated the Prime Minister’s direction given in the Pragati meeting held on December 26, that all the Senior officers at the level of Chairman/ MD/ ED of PSBs/PSICs should...
by AIP Online Bureau | Mar 18, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life
Financial Services Secretary Vivek Joshi said that the Assets Under Management (AUM) nearly tripled to Rs 60.04 lakh crore as on March 31, 2023 as compared to Rs 21.07 lakh crore in 2013-14, while total insurance premium recorded more than two-fold jump to Rs 10.4...
by AIP Online Bureau | Nov 14, 2023 | Health, Indian News, Non-Life, Technology
Under the Digital Health Incentive Scheme, to encourage efficiency in insurance claim processing, there is a provision that for every insurance claim transaction through NHCX, financial incentives of Rs 500 per claim or 10% of the claim amount, whichever is lower...
by AIP Online Bureau | Nov 7, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Risk Management, Technology
Banks, other financial institutions, insurance companies, trading companies, business entities, real estate companies, send commercial messages to telecom subscribers through SMS or voice calls.TRAI on Tuesday asked these entities to take ‘urgent’ steps to...
by AIP Online Bureau | Oct 10, 2023 | Health, Indian News, Non-Life, Regulation
Tapan Singhel, MD & CEO Bajaj Allianz General Insurance and Chairman, GI Council said,“ As an industry, we are working towards developing a platform for a 100 per cent cashless payment for all health insurance claims. It will be transparent, straight-through...