by AIP Online Bureau | Dec 23, 2021 | Indian News, Life, Policy
Sources at LIC said that the corporation has already accumulated Rs 6,300 crore of capital by not paying any dividend to the government in recent years and planning raise more though, at present it is not known how it will do it Mumbai: In a bid to conserve capital,...
by AIP Online Bureau | Dec 23, 2021 | Health, Indian News, Non-Life, Pension & Social Security
“In order to provide relief to our senior citizens, it is necessary to reduce the existing GST rates on health insurance policies from 18 per cent to five per cent or exempt senior citizens from any GST on purchase of health insurance,” Patnaik said in the letter...
by AIP Online Bureau | Dec 23, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Allianz makes less than 500 million euros [US$564.1 million] in revenues from its African operations in 2020, but is looking to expand on the continent JOHANNESBURG – African insurer Sanlam Ltd. said on Wednesday it was exploring “strategic alternatives” with...
by AIP Online Bureau | Dec 23, 2021 | Eco/Invest/Demography, Health, International News, Pandemic
Scientists and governments are scrambling to bolster defences against Omicron with shots and therapies, as the variant threatens to become dominant globally and has prompted renewed curbs ahead of the holidays to contain infections. A three-dose course of...
by AIP Online Bureau | Dec 23, 2021 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
The year witnessed tremendous response from retail investors as well. The average number of applications from retail was 14.36 lakh, in comparison to 12.77 lakh in 2020 and 4.05 lakh in 2019. The highest number of applications from retail in 2021 was received by...
by AIP Online Bureau | Dec 23, 2021 | International News, Non-Life, Reinsurance, Risk Management
The scammers used the log-in credentials to divert about $10 million in payments. However, RealPage quickly detected the swindle and notified Stripe, which was able to stop payment or recover nearly $4 million RealPage reimbursed its client property managers for the...
by AIP Online Bureau | Dec 23, 2021 | Eco/Invest/Demography, Health, Pandemic, Policy
All domestic passengers have been advised to download the Arogya Setu app as per the guidelines New Delhi: Union Ministry of Civil Aviation (MoCA) has issued fresh guidelines for domestic and international passengers travelling to Delhi in view of the rising cases of...
by AIP Online Bureau | Dec 23, 2021 | Health, International News, Non-Life, Pandemic, Risk Management
As before, passengers should avoid face-to-face contact and surfaces that are frequently touched, and people sitting near to each other should try not to be unmasked at the same time during meals,said David Powell, physician and medical adviser to the International...
by AIP Online Bureau | Dec 23, 2021 | Indian News, Intermediaries, Non-Life, Reinsurance
Though the financial details have not ben disclosed Marsh has informed that as part of the transaction, which has been approved by the IRDAI, it has acquired the share from local partners, including the entire shareholding of the Rampart Trust Earlier, other global...
by AIP Online Bureau | Dec 22, 2021 | Eco/Invest/Demography, Indian News, Life, Non-Life
Atul Sahai, CMD, New India Assurance and chairman of General Insurance Council Non-life insurance penetration touching 1 per cent is a very important milestone for the Indian non-life insurance industry. Despite being an extremely challenging year the non-life...
