by AIP Online Bureau | May 11, 2022 | Indian News, Non-Life, Policy
CVO position would also fall vacant in New India Assurance Co and GIC Re shortly New Delhi; The finance ministry has invited applications from eligible candidates for the position of Chief Vigilance Officers (CVOs) in various public sector banks and insurance...
by AIP Online Bureau | May 11, 2022 | Briefs, Regulation
Prakash Kumar, former chief executive officer, GST Network and Venkat Changavalli, management consultant, have been inducted as members in Insurance Advisory Committee of the insurance regulator IRDAI with immediate effect, said IRDAI on...
by AIP Online Bureau | May 10, 2022 | Indian News, Life
Max Life’s assets under management (AUM) were at Rs 1,07,510 crore as on March 31, 2022, a rise of 19 per cent over the previous year Max Financial Services Ltd on Tuesday reported a two-fold jump in consolidated net profit at Rs 144 crore for the last quarter of...
by AIP Online Bureau | May 10, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy
All the equity-oriented categories received net inflows in April with sectoral/ thematic funds category being the biggest beneficiary with a net inflow of Rs 3,843 crore. The segment also saw a launch of a new fund — ICICI Prudential Housing Opportunities Fund,...
by AIP Online Bureau | May 10, 2022 | Indian News, Life
The largest insurer, state-owned LIC’s first year premium or new business premium more than doubled (at 141 per cent rise) to ₹ 11,716 crore as against ₹ 4,856.76 crore in April 2021, the Insurance Regulatory and Development Authority of India (IRDAI) said LIC...
by AIP Online Bureau | May 10, 2022 | Indian News, Life, Wealth Management/ Philanthropy
In the unofficial market, shares of the insurance major exchanged hands at a minuscule premium of Rs 8-10 per share over the issue price, which is 90 per cent below the premium of Rs 100-105 per share it commanded a week earlier Mumbai: As the much-awaited initial...
by AIP Online Bureau | May 10, 2022 | International News, Life, Reinsurance
Lilian Ng, Chief Executive, Insurance, Prudential Prudential’s customers in some Asian markets can now nominate a wider range of family members who are financially dependent on them as a beneficiary in a life insurance policy. Additionally, coverage can also be...
by AIP Online Bureau | May 10, 2022 | Eco/Invest/Demography, Health, International News, Pandemic, Policy
As manufacturer to the world, the disruptions in China are weighing on the global economy and add another risk to the inflation picture Maersk, the world’s second-largest shipping company, has suggested that the lockdown will severely impact truck services and...
by AIP Online Bureau | May 10, 2022 | Indian News, Policy, Risk Management
In the video conference, Prime Minister Modi had suggested all chief ministers conduct a Fire Safety Audit as incidents of fire accidents have increased due to summer heat Bengaluru: The Karnataka government on Sunday instructed officials to conduct a fire safety...
by AIP Online Bureau | May 10, 2022 | Facts, Health, Pandemic
In case a beneficiary uses a separate mobile number for the second dose and schedules a vaccination, it will automatically be recognised as first dose for the beneficiary, the health ministry said, amid some media reports claiming that technical glitches in Co-WIN...
