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Govt has brought more farmers under Fasal Bima Yojana: PM Modi
Prime Minister Narendra Modi Announcing the repeal of three controversial fam laws, Prime Minister Narendra Modi said his government strengthened Fasal Bima Yojana and brought more farmers under it Small farmers brought under insurance, direct benefit transfer among...
Zurich Insurance stops underwriting new greenfield oil exploration projects
The pledges come after banks, insurers and investors with $130 trillion at their disposal vowed at the U.N.’s COP26 climate conference in Scotland this month to put combating climate change at the center of their work. Zurich Insurance Group will no longer underwrite...
Global reinsurers remain bullish on Asian markets
With Asia leading the charge, the future of the global (re)insurance industry to be robust, driven by a rapidly changing risk landscape that includes socioeconomic and behavioural changes on top of climate change Singapore: The global reinsurance industry has remained...
RBI may launch digital currency pilot next year
MUMBAI: The Reserve Bank of India's digital currency may see its pilot launch in the first quarter of the next fiscal year, a senior central bank officer said at the State Bank of India's Banking and Economic Conclave as reported by a local newspaper. "I think...
SC asks general insurers to develop an app for expediting MACT claim payments
If the GI Council and other insurance companies fail to develop the app within two months, the Central government will be called upon to do so,said the SC New Delhi: In a significant development, the Supreme Court has issued a slew of orders in bid to...
‘Most Important Ingredient of Sexual Assault Is Sexual Intent, Not Skin-to-Skin Contact’: SC
The most important ingredient for constituting the offence of sexual assault is sexual intent and not skin-to-skin contact with the child. Construction of a rule should give effect to the rule rather than destroying it. Any narrow interpretation of the provision which...
Global marine insurance premiums rise 6.1% to reach $30 billion in 2020
IUMI Stats contains analysis from its major claims database which now comprises 9000 claims records amounting to $14Bn of major losses. Global marine insurance premiums for 2020 increased by 6.1% from 2019 to reach $30 billion, demonstrating real global market...
Modi urges global cooperation to make cryptocurrencies safe
Prime Minister Narendra Modi . Prime Minister Narendra Modi India's digital currency market was worth $6.6 billion in May 2021, compared with $923 million in April 2020, according to blockchain data platform Chainalysis. MUMBAI: Indian Prime Minister Narendra Modi...
India’s Paytm crashes in market debut, business model questioned
Paytm, backed by China's Ant Group and Japan's SoftBank and Berkshire Hathway, grew rapidly after Uber listed it as a quick payment option in India and has expanded into a plethora of services - insurance and gold sales, movie and flight ticketing, bank deposits and...
Number of people fully vaccinated against COVID-19 surpasses those partially vaccinated
Union Health Minister Mansukh Mandaviya Eligible people across India with a special focus on districts where less than 50 per cent of the eligible population has been vaccinated, the statement said New Delhi: The number of fully vaccinated individuals against COVID-19...
Apex Group secures GIFT City license
Brmuda based Apex Group,a global financial services provider, today announces that it is one of the first global fund administrators to receive regulatory approval to operate in India’s Gujarat International Finance Tec-City (“GIFT City”) International Financial...
Postal Dept to distribute BAlI’s term and annuity Products
India Post Payments Bank (IPPB), Department of Posts and Bajaj Allianz Life Insurance Company (BALIC) announced a strategic partnership for offering term and annuity products to customers through the bnk’s extensive network of 650 branches and over 136,000 banking...
Liberty Gen ties-up with Phone Pe to sell motor insurance
Liberty General Insurance has has partnered with PhonePe to offer motor insurances digitally. Through PhonePe, a digital paymets app, Liberty General Insurance’s motor insurance policy aims to provide easy accessibility to the motor insurance cover, especially to the...
Global Indians focus on sustainability for investing in India:HSBC report
Sustainability plays a major role in investors' decision making, with more than three quarters (76 per cent) of global Indians saying environmental and social initiatives such as renewable energy and skills development are a key part of their decision making when...
climate talks lends India time to transition
The Global Climate Risk Index 2021, a ranking from research group Germanwatch, put India among the top 10 countries most affected by climate change. The South Asian nation is experiencing rising heat and sea levels, as well as erratic rainfall and stronger cyclones....
IRDA rejects 2nd broking license of India Infoline Group
The IRDAI has rejected 5Paisa Insurance Brokers(owned by India Infoline Group(IIG) ), application for an insurance broking license, as IIFL Insurance Brokers,another company owned IIG, has already got a license and one group under the existing regulations can’t be...
State of play of India’s healthcare sector exposed by COVID-19
More than 60% of all healthcare spending in India is out of pocket, much higher than Brazil's about 27% and about 11% for the United States New Delhi: The COVID-19 pandemic has forced India to urgently try and revitalise its health infrastructure, especially after a...
Shriram General Insurance plans aggressive rural push
''We are targetting a gross written premium of Rs 550 crore or 16 per cent of the total premium income from rural markets by FY25. Rural sales were only Rs 90 crore in FY21 and is likely to touch Rs 175 crore this fiscal,'' Anil Aggarwal, managing director and chief...