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Southeast Asia’s InsurTech sector: Needs profitability, customer-centricity and innovation
``To optimize their capabilities and sharpen their customer value proposition, InsurTech firms are exploring innovations across three areas, namely in technology, such as using AI for dynamic pricing and claims management; in product so as to serve emerging, new and...
‘Heal in Rajasthan’ policy to boost medical tourism in desert state
Additional Chief Secretary of the Health Department Shubhra Singh said that due to continuous improvement in health services and availability of treatment at reasonable rates, the possibilities of medical tourism in the state have developed rapidly. Through policy...
Cabinet approves 50% of salary as pension for 23 lakh central govt employees, to be effective from Apr 1, 2025
Ashwini Vaishnaw, Union Information and Broadcasting Minister While announcing the details of the scheme, Ashwini Vaishnaw, Union Information and Broadcasting Minister said, "Today the Union Cabinet has approved Unified Pension Scheme(UPS) for government employees,...
Govt directs Reliance General to pay Rs 225 cr to Maha farmers in a week
Shivraj Singh Chouhan ,Union Agriculture Minister On August 22, the Department of Agriculture and Farmers Welfare held a meeting of the National Technical Advisory Committee (TAC). The committee rejected the insurance company's objections to crop-cutting experiments...
Multi-disciplinary team to assess GLOF risks in Sikkim
Relief Commissioner Namratha Thapa said to mitigate the risk of glacial lake outburst floods in future, the government has established a technical committee tasked with reviewing the current status of glacial lakes in the state Gangtok: A multi-disciplinary team will...
Work-life balance, fewer flexible work options pose challenge for women at job front: Report
The report found that 73 per cent of women interviewed said equal opportunities exist for both men and women in employment and leadership positions, and 79 per cent of men agreed that both genders get equal chances at workplaces Fewer flexible work options, work-life...
Hyderabad-bound helicopter crashes in Pune; 4 occupants survive mishap
The helicopter belongs to Global Vectra company. The cause of the crash is yet to be ascertained Pune: A helicopter flying from Mumbai to Hyderabad crashed in Pune's Mulshi tehsil on Saturday afternoon, police said. All four occupants survived the crash that took...
Ministry of Coal launches national safety portal, targets zero accidents in coal mines
Amrit Lal Meena, Secretary, Ministry of Coal According to the Ministry of Coal, Amrit Lal Meena, Secretary of the Ministry of Coal, highlighted the need for comprehensive safety audits across all coal mines, reaffirming the Ministry's goal of achieving "Zero Accident,...
Household real income continued to decline in recent months: Report
The report added that for now, however, the decline in real HH income, which accounts for 78 percent of GDP, suggests that any recovery will be gradual at best. This will likely continue to weigh on real GDP growth and present challenges for the banking sector New...
Rising claims pose challenge for health insurance sector in India: Jefferies
The report indicated that India's non-life insurance sector is experiencing significant shifts, the health insurance segment may face challenges as healthcare costs continue to rise and more consumers claim their insurance, and insurers are grappling with increased...
ICMR-led study estimates 10-year risk of developing heart disease in adults in India
Among the participants having high blood sugar levels, women had an 85 per cent increased risk of getting heart conditions over 10 years, while men were at a 77 per cent higher risk, the researchers estimated. They also said that among the participants who were obese,...
FIIs continue to be net seller, sold equity worth Rs 28,671 cr
In the first fortnight of August, FIIs were big sellers in financials in the country. Selling was witnessed in many other sectors, including metals on fears that economic slowdown in US and China will keep metal prices soft Mumbai: According to the National Securities...
Wayanad landslides instance of nature reacting to human greed: Kerala HC
The bench said the court will take stock of the state's existing policies in relation to exploitation of natural resources, preservation of the environment, forests and wildlife, prevention, management and mitigation of natural disasters and sustainable development...
Cognizant files lawsuit against Infosys over trade secrets; Infy denies allegations
Cognizant in a lawsuit filed in Texas federal court has accused Infosys of illegally accessing data from TriZetto's software -- Facets and QNXT -- and using the same to develop and market a competing product New Delhi: IT major Cognizant's subsidiary TriZetto has...
US Fed Chair Powell says ‘time has come’ for policy adjustment, hints at rate cut
US Federal Reserve Chair Jerome Powell Speculation has abounded over the possibility of a rate cut at the rate-setting Federal Open Market Committee (FOMC) meeting slated for Sept. 17-18. After last month's FOMC meeting, Powell said a rate cut could be "on the table"...
Tata AIA Life announces a new term insurance ‘Sampoorna Raksha Promise’
Tata AIA Life Insurance, has announced a new term insurance ‘Sampoorna Raksha Promise’ that comes with innovative features and benefits. Keeping in mind that the family may have to incur urgent expenses on the demise of the key member, it offers instant payout of Rs....
Star Health Insurance contributes Rs 50 lac to Kerala CM’s fund
Star Health had made a contribution of Rs 50 lacs to the Kerala Chief Minister's Relief Fund in support of those affected by the recent landslide in Wayanad. This donation was presented by Anand Roy, managing director and CEO of Star Health Insurance, to the Kerala...
Bancassurance: Bajaj Allianz General ties up with HSBC India
Bajaj Allianz General Insurance and HSBC India have announced a strategic partnership to offer general insurance products and services to HSBC’s vast customer base in India, ``Through this collaboration, we aim to provide comprehensive insurancesolutions to HSBC’s...