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Rising Heat Stress: Biggest worldwide threats to workers’ health and livelihood
The report details how extreme heat is reshaping the world of work. It finds that worker productivity drops by 2 to 3 per cent for every degree above 20°C. The health consequences are wide-ranging, including heatstroke, dehydration, kidney dysfunction, and...
Universal Sompo General Insurance achieves ISO 27001:2022 & ISO 22301:2019 certifications
Universal Sompo has achieved two illustrious international certifications ISO 27001:2022 for Information Security Management Systems (ISMS), and ISO 22301:2019 for Business Continuity Management Systems (BCMS).This reinforces the insurer's commitment to global best...
Over 75% NRIs stay invested beyond 5 yrs, outpace resident Indians in long-term commitment: Report
The average monthly SIP amount for NRI clients at FinEdge stands at ₹6,486, which is 58 per cent higher than the ₹4,093 average for resident Indian clients. Moreover, NRI SIPs are more than double the mutual fund industry average of ₹2,900. New Delhi: Non-Resident...
India on brink of health crisis, surge in diabetes, heart disease and cancer: Doctors sound alarm
"Our ultimate goal should be universal healthcare. While India has progressed, disparities persist. We need strong ethical practices and regulatory courage, particularly in drug pricing and hospital costs, to make healthcare equitable," Dr DS Rana, Chairman, Board of...
Japan’s NEXI signs reinsurance agreement with ECGC
Under this agreement, NEXI will underwrite reinsurance for export credit insurance underwritten by ECGC for Japanese companies in India exporting goods from India to third countries, including those in Africa NEXI is in the process of registering as a reinsurer with...
Fraudulent MF redemptions by impersonators threat to investors confidence: Sebi official
Amarjeet Singh, Whole Time Member, Sebi Reiterating the need for vigilance, Sebi Whole Time Member Amarjeet Singh said, "Beyond investment risks, we must also be mindful of operational risks that can undermine investor confidence. One such concern is the menace of...
AMFI inks pact with Department of Posts to train one lakh postmen to distribute mutual funds
"Over the years, mutual funds have democratised access to markets, turning disciplined savings into a powerful engine of wealth creation. The journey ahead is about expanding this reach even further, especially to new geographies and first-time investors, while...
GST Council to meet on Sep 3-4 to discuss moving to a two-rate structure
Nirmala Sitharaman,Union Finance Minister The council, comprising finance ministers of all states and UTs besides the Centre, will deliberate on the recommendations by the three GoMs on rate rationalisation, compensation cess and health and life insurance New Delhi:...
Children’s education continues to be top financial priority for Indian fathers
Indian fathers are increasingly adopting a long-term mindset when it comes to financial planning—thinking in decades rather than years. A majority, 53%, are willing to invest for a period of 10 to 15 years. Another 14% prefer a horizon of 15 to 20 years, while 13% are...
Healthcare Providers’ body asks hospitals to end cashless tie-up with Bajaj Allianz over low reimbursement rates
"We are confident of working amicably with AHPI and its member hospitals to arrive at a solution that is in the best interests of our customers," Bajaj Allianz General Insurance head (Health Administration Team) Bhaskar Nerurkar said in a statement. New Delhi: The...
Future Trends: Tech-Driven Life & Annuities Insurance
Intelligent platforms now analyze vast volumes of policyholder, advisor, and market data to inform pricing, product configurations, and engagement strategies. This intelligence enables micro-targeted solutions — not only tailored to individual policyholders, but also...
EV manufacturers could lose edge if GST slashed on ICE vehicles: HSBC Report
HSBC outlines three possible scenarios. In the first, GST on small cars could be reduced from 28 per cent to 18 per cent, while larger cars may be moved to a new special rate of 40 per cent with the removal of the cess. This would lead to price cuts of around 8 per...
India InsurTech Association recognized as a “Champion of National Health Claims Exchange
The India InsurTech Association (IIA) has been formally recognized as a "Champion of NHCX" (National Health Claims Exchange) - India’s pioneering digital platform transforming health insurance claims. NHCX, led by the National Health Authority (NHA), is...
Amid confusion over WHO report Centre asks scientists to study if areca nut is non-carcinogenic
"A WHO report has created some confusion regarding the areca nuts produced in Karnataka. To dispel these misconceptions, a team of scientists from the Indian Council of Agricultural Research (ICAR) is conducting studies, and they have been instructed to submit their...
Star Health insures 30 lakh sr citizens, settles over Rs 11,500 cr worth of claims in past 18 yrs
Star Health company has insured 30 lakh active senior citizens and settled over ₹11,500 crore worth of claims in the past 18 years .As India’s senior population crosses 11% of the total demographic, the industry faces the urgent task of designing sustainable and...
Term, health insurance policyholders to benefit most from GST exemption on individual policies: Experts
Insurance industry hopes that key input services of commission and reinsurance also receive an exempt status so that there is no blockage of input tax credit ," Mahesh Jaising Deloitte India Partner and Leader it is essential to tackle some of the structural issues...
IDBI stake sale likely to be completed this fiscal: DIPAM secy
"LIC's market value is around Rs 6 lakh crore. So, keeping in mind the liquidity of the market, transactions are designed according to that. And it is not appropriate to give any number in the form of a rumour in the middle of the market," Arunish Chawla, DIPAM...
GoM backs Centre’s proposal to scrap 12% and 28% GST slabs: Samrat Choudhary
Samrat Choudhary,,Deputy Chief Minister,Bihar The GoM also reviewed the Centre’s suggestion to exempt GST on individual health and life insurance premiums. While most states supported the idea, they flagged the need for strict oversight to make sure insurance...