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HDFC Life declares bonus of Rs2465 crore

by AIP Online Bureau | Jun 22, 2022 | Indian News, Life

15.87 lakh policyholders are eligible for this bonus Vibha Padalkar, MD & CEO, HDFC Life, said, “We are pleased to announce market competitive bonus payouts year after year. It is our way of exceeding the expectations of our policyholders who strongly...

UN launches new app to help beat skin cancer

by AIP Online Bureau | Jun 22, 2022 | Facts, Health, Technology

“The SunSmart Global UV App provides five-day UV and weather forecasts at searchable locations”, said Carla Drysdale, spokesperson for WHO. While speaking today at a briefing at the United Nations in Geneva, Ms. Drysdale added that “it highlights time slots when sun...
18th SIRC opens for registration, 4-day hybrid event to begin on 31Oct

18th SIRC opens for registration, 4-day hybrid event to begin on 31Oct

by AIP Online Bureau | Jun 21, 2022 | International News, Non-Life, Reinsurance

“With the theme ‘RE-CONNECTING ..RE-SHAPING THE FUTURE!’, the upcoming 18th Singapore International Reinsurance Conference (SIRC) will be held from 31 Oct to 3 Nov 2022.It will be organised as a hybrid event – principally in-person, with a virtual segment for those...

RBI postpones implementation of certain norms related to cards by 3 months

by AIP Online Bureau | Jun 21, 2022 | Banking & Bancassurance, Indian News, Regulation

As per the Master Direction, card issuers must seek One Time Password (OTP) based consent from the cardholder for activating a credit card, if the same has not been activated by the customer for more than 30 days from the date of issuance Mumbai: The Reserve Bank on...
Sebi bans bundling of MF products with insurance

Sebi bans bundling of MF products with insurance

by AIP Online Bureau | Jun 21, 2022 | Indian News, Wealth Management/ Philanthropy

`It has been observed that some of the Asset Management Companies (AMCs) are proposing to introduce bundled products and some existing MF schemes have such bundled products with  insurance features in their investments schemes like SIP INSUR(Systematic Insurance...

Crypto Scam: Fake exchanges duped Indian investors of Rs 1,000 cr: Report

by AIP Online Bureau | Jun 21, 2022 | Workplace/Employee Benefits

Cyber-security company CloudSEK said it has uncovered an ongoing operation involving several phishing domains and Android-based fake crypto applications Fake cryptocurrency exchanges have duped Indian investors of more than $128 million (nearly Rs 1,000 crore) as the...
Volkswagen faces mounting scrutiny on human rights violations in China, risk insurance declined by Berlin

Volkswagen faces mounting scrutiny on human rights violations in China, risk insurance declined by Berlin

by AIP Online Bureau | Jun 21, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Berlin recently declined a Volkswagen request to renew risk insurance for the company’s Chinese operations over the human rights concerns, according to a person familiar with the matter Volkswagen AG faces mounting pressure to address allegations of human rights...

Sovcomflot fleet fully covered by Russian insurers, CEO says

by AIP Online Bureau | Jun 21, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Technically, we meet all international trade requirements,” CEO Igor Tonkovidov told reporters. “Currently, the company’s fleet is almost fully busy in shipping hydrocarbons, cargoes are delivered to different parts of the world.” Moscow: Russia’s state-run Sovcomflot...
ICICI Pru Life declares highest ever annual bonus of Rs 969 cr for FY22

ICICI Pru Life declares highest ever annual bonus of Rs 969 cr for FY22

by AIP Online Bureau | Jun 21, 2022 | Indian News, Life, Wealth Management/ Philanthropy

N S Kannan, Managing Director & CEO, ICICI Prudential Life Insurance The annual bonus of Rs 968.8 crore for FY2022 is the highest ever declared by the company since inception, N S Kannan, Managing Director & CEO, ICICI Prudential Life Insurance, said....
Floods in Indian NE states and Bangladesh, 11more dead, 47 lakh affected in Assam

Floods in Indian NE states and Bangladesh, 11more dead, 47 lakh affected in Assam

by AIP Online Bureau | Jun 21, 2022 | International News, Non-Life, Reinsurance

Dhaka/Guwahati: Army troops were called in to rescue thousands of people stranded by massive floods that have ravaged northeastern India and Bangladesh, leaving millions of homes underwater and severing transport links, authorities said Saturday. In India’s Assam...
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