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Bima Vitarak Manthan: IBAI wants Bima Vahaks to join brokers as point of sales person
Debasish Panda,chairman, IRDAI At the recently concluded Bima Vitarak Manthan, Debasish Panda, chairman, IRDAI emphasized on creating an insurance ecosystem which is highly sensitive to the needs of the policyholders propelling towards “Zero Friction, Zero Pain-points...
Remal weakens into cyclonic storm, expected to move northeastwards: IMD
Scenes of widespread devastation were evident across West Bengal's coastal areas, with extensive damage to infrastructure and property, a day after Cyclone Remal tore through the coasts of Bangladesh and West Bengal with winds reaching speeds of 135 km per hour New...
20th SIRC: Swiss Re new group CEO Andreas Berger to address the event, to be held from 4 to 7 Nov
Promising thought-provoking discussions, SIRC 2024 will delve into the diverse trajectories required to reshape itself to be climate resilient while looking at the transformative possibilities of artificial intelligence (AI) automation and its pros and cons for the...
Life insurance set to boom as interest rates surge, says Swiss Re
Jérôme Jean Haegeli, Group Chief Economist, Swiss Re Swiss Re Institute forecasts an additional USD 1.5 trillion in global insurance savings premiums over the next decade, as consumers are moving to buy life-savings products that secure higher retirement incomes. As a...
3 PSU general insurers need Rs 94-102 billion capital infusion to meet solvency of 1.5, says ICRA
Neha Parikh, vice president and sector head – Financial Sector Ratings, ICRA, further said : “With higher growth, the market share of private insurers in terms of GDPI is likely to rise to 69% for FY2025 and 71% for FY2026 from 68% for FY2024. The health segment,...
Cyclone Remal wreaks havoc in West Bengal, Bangladesh after making landfall; 1 killed
Arup Biswas, the minister for power in West Bengal government, said the power infrastructure was heavily battered. Reports of at least 356 uprooted electricity poles and damage to scores of transformers were received during the first hour of the landfall process More...
2024 General Elections: Policies and markets at risk
A lower margin of victory for Modi could lead to short-term volatility, fund managers said, while a win for the opposition could lead to a sharper correction due to policy uncertainty New Delhi: India's six-week long national election, the world's largest, has entered...
“License invalid, no emergency exit doors…”: Police reveal lapses in Delhi Children Hospital fire incident
``The hospital did not have a fire exit system. So in view of all this, we have added sections 304 and 308 of IPC in FIR and we have arrested its director, Dr Naveen Kichi. One of the doctors who was on duty, Dr Akash, has also been arrested. The accused have 3 such...
NSE/BSE market cap to cross USD 10 trillion by 2030- Experts
BSE and NSE journey from USD 4 trillion in November 2023 to USD 5 trillion this week took less than six months Experts say the Indian market still has a long way to go if we compare it with leading markets of the world. The US leads with a market cap of almost USD...
10.46 lakh motor accident claims worth Rs 80,455 crore pending nationwide: RTI
In the wake of inordinate delays in adjudication of motor accident claims, Supreme Court advocate K C Jain said he has filed an interlocutory application in the Supreme Court under writ petition (civil), demanding that considering the delay in decision and payment of...
India to emerge as an economic superpower amid looming global economic landscape
The digital revolution in India is another sector where the country has taken a lead, many countries have adopted India's UPI for financial transactions. With the highest number of digital transactions globally and broadband connectivity reaching over 93 per cent of...
Share of organised employment in India on the rise: Finance Ministry report
The EPFO net payroll addition stood at 1.47 crore members during FY24, amounting to a year-on-year rise of 6.3 per cent from 1.39 crore members in the corresponding period of the previous year New Delhi: There has been a decline in annual as well as quarterly...
Crippling heat wave in India peaks at 50 degrees Celsius in Rajasthan’s Phalodi
The punishing heat in India is straining power grids and drying up water bodies, triggering drought-like conditions in parts of the country. According to the Central Water Commission, water storage in 150 major reservoirs in India plunged to its lowest level in five...
Green energy will help fight pollution and create jobs in India
India's ambitious target of reaching 500 GW by 2030 and net zero by 2070 would require green transition in the way its people live and in the way they business. The intent for a green change can be seen in the hiring for green jobs. Studies suggest that India has the...
Health ministry shares tips for heat safety measures at workplace
Exposure to extreme heat can affect health, ranging from rashes to serious and potentially fatal health problems such as heat exhaustion and heatstroke. Headache, feeling dizzy, dehydration, and breathing problems are the common symptoms of heat-related illness, said...
India and Bangladesh brace for year’s first cyclone
According to the Indian Meteorological department, 'Remal' has intensified into a severe cyclonic storm and is poised to make landfall between Bangladesh and the adjoining West Bengal coasts by midnight on Sunday, with sustained wind speeds ranging from 110-120 km per...
Ayush ministry’s event on Monday for linking Ayush hospitals with insurance industry
The program will discuss the regulatory framework and policy support needed to mainstream Ayush treatments in health insurance schemes and facilitate a dialogue between key stakeholders to address both challenges and opportunities. NEW DELHI: The Ayush ministry will...
Govt directs telecos to block incoming international spoofed calls
"DoT and Telecom Service Providers (TSPs) have devised a system to identify and block such international spoofed calls from reaching any Indian telecom subscriber. Now directions have been issued to the TSPs for blocking such incoming international spoofed calls," the...