by AIP Online Bureau | Mar 11, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation
This enhanced limit will be available to those companies which invest their entire premium in India, said Pankaj Chaudhary, minister of state, Ministry of Finance in the Lok Sabha. New Delhi: By raising foreign direct investment(FDI) in the Indian insurance sector...
by AIP Online Bureau | Mar 10, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, International News, Non-Life, Reinsurance, Risk Management
The cost of climate disasters may double in the 30 years through 2050, reaching a cumulative €143 billion ($155 billion), the French government said in an adaptation plan. At a briefing in Paris, Ecology Minister Agnes Pannier-Runacher said climate change is a...
by AIP Online Bureau | Mar 7, 2025 | Indian News, Life
In terms of overall brand value, LIC holds the 12th position among the most valuableinsurance brands globally, while SBI Life ranks 76th, making them the only two Indianinsurers in the top 100 Sitanshu Swain Mumbai: State owned Life Insurance Corporation of India...
by AIP Online Bureau | Mar 7, 2025 | Banking & Bancassurance, Indian News, Life, Regulation
Nippon Life Insurance Co.’s India unit is considering buying a minority stake in IndusInd Bank Ltd., people familiar with the matter said, with the aim of using the lender’s network to expand sales of its insurance products Mumbai: Japanese major Nippon Life Insurance...
by AIP Online Bureau | Mar 4, 2025 | Indian News, Life, Non-Life, Policy
Justice Anant Ramanath Hegde ruled that a nominee can receive the insurance benefits only if the legal heirs do not claim them. If a legal heir asserts their right, the nominee’s claim must yield to personal succession laws Bengaluru: In a crucial ruling, the...
