by AIP Online Bureau | Apr 14, 2025 | Indian News, Life, Non-Life, Regulation, Technology
The Ministry of Finance has prohibited three PSU general insurers- Oriental Insurance Company , National Insurance Company and United India Insurance- from providing any capital to Bima Sugam as currently, they lack shareholders’ capital and they are not permitted use...
by AIP Online Bureau | Apr 10, 2025 | Indian News, Non-Life, Regulation, Reinsurance
T A Ramalingam, CEO, Value Attics Reinsurance Ramalingam, who completed his stint with BAGIC, after serving the insurer for over 20 years, in March end, has taken over his new assignment on Thursday Mumbai: T A Ramalingam, former senior president of Bajaj Allianz...
by AIP Online Bureau | Apr 8, 2025 | Eco/Invest/Demography, Indian News, Intermediaries, Non-Life, Regulation, Technology
Flipkart Internet Pvt Ltd ( FIPL) is a registered corporate agent under composite category Hyderabad: The Indian insurance regulator IRDAI has slapped a fine of Rs 1,06 crore on prominent e-commerce company Flipkart, promoted by Binny Bansal and Sachin Banls, for...
by AIP Online Bureau | Apr 7, 2025 | Eco/Invest/Demography, Indian News, Regulation
The names of Ajay Sheth, who have been appointed as finance secretary just a few days back, Girdhar Armane, former Defense Secretary , Pankaj Jain, Petroleum secretary are still in the reckoning though it is unlikely that the government will now shift Sheth from the...
by AIP Online Bureau | Mar 27, 2025 | Eco/Invest/Demography, Indian News, Intermediaries, Non-Life, Regulation, Reinsurance
Indian general insurers, which will be generating a premium of over three lakh crore rupees in Fy 25, in their detailed representation to the IRDAI, explained that the proposed regulations are reducing choice for the insurers, reducing reinsurance capacity for the...
