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IDFC First Bank raises Rs 3,200 cr by selling shares to LIC, 5 other insurers

by AIP Online Bureau | Jul 5, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Life, Non-Life

The names of the six companies to whom shares have been allotted are Life Insurance Corporation of India, HDFC Life Insurance Company, Aditya Birla Sun Life Insurance Company, Bajaj Allianz Life Insurance Company, ICICI Lombard General Insurance Company and SBI...
Bima Sugam: IRDAI forms an interim board for project, new company and CEO by month end

Bima Sugam: IRDAI forms an interim board for project, new company and CEO by month end

by AIP Online Bureau | Jun 7, 2024 | Health, Indian News, Life, Non-Life, Regulation, Technology

Headquartered in Mumbai, the entity would now be incorporated as a Section 8 (non-profit) company under the name ‘Bima Sugam India Federation’. The members of its interim board are are- Rakesh Joshi, former member, IRDAI, Naveen Tahilyani, MD&CEO, Tata Digital,...

IRDAI asks insurers to fast track cyclone Remal claims

by AIP Online Bureau | Jun 4, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation

Insurers have been advised to settle claim payments/on account payments at the earliest and also encourage policyholders to use electronic communication wherever possible for correspondence Hyderabad: As the cyclone Remal have caused widespread loss of lives, property...
Russia certifier steps in after India drops safety cover for sanctioned ships

Russia certifier steps in after India drops safety cover for sanctioned ships

by AIP Online Bureau | May 14, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation

Major insurers and ship engine makers have already withdrawn cover for Russia’s tanker fleet, which Moscow is relying on to maintain the country’s oil trade after Washington and its allies including the European Union imposed a raft of sanctions for its invasion of...

Breast cancer screening should begin at age 40, US panel says

by AIP Online Bureau | May 1, 2024 | Data, Eco/Invest/Demography, Health, Risk Management, Workplace/Employee Benefits

U.S. insurers are already required by law to fully cover mammograms for women over age 40 who want them, but the U.S. Preventive Services Task Force ( USPSTF’s) recommendation will now ensure the continuity of that coverage under the Affordable Care Act beyond...
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