by AIP Online Bureau | Jul 20, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Pension & Social Security
Mumbai: Regulators in India should allow the life insurance firms to sell pension and indemnity based health insurance policies, as it will lead to greater penetration of insurance in the country, HDFC Life chairman Deepak Parekh said on Monday. Today, life...
by AIP Online Bureau | Jul 20, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic
The US has lowered its travel advisory for India from the highest Level 4, meaning no travel, to Level 3, which urges citizens to reconsider it, amidst a drop in the number of COVID-19 deaths and infections in the country. India recorded 30,093 new coronavirus...
by AIP Online Bureau | Jul 20, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic
New Delhi: The Supreme Court on Monday observed that hospitals in the country have become large industries now thriving on human distress and it is better that they be shut down. "Do we look at hospitals as a real estate industry, or as a service to...
by AIP Online Bureau | Jul 19, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
As calm begins to return to South Africa following days of violent riots that caused billions of rand in damage, questions are being asked about who will foot the bill. While some claims will be assessed by heavyweight insurers such as Old Mutual Group Ltd. and...
by AIP Online Bureau | Jul 19, 2021 | International News, Non-Life, Reinsurance
Beijing Two Chinese state investors plan to sell a combined 98.78% of their stakes in Dajia Insurance Group, the revamped entity of embattled Anbang Insurance Group, for 33.6 billion yuan ($5.19 billion), according to an auction filing on Friday. China...
by AIP Online Bureau | Jul 19, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Pandemic
New Delhi: Around 31.13 lakh domestic passengers travelled by air in June, 47 per cent higher than the 21.15 lakh who travelled in May, the country’s aviation regulator said Monday. According to the Directorate General of Civil Aviation (DGCA), 57.25 lakh...
by AIP Online Bureau | Jul 19, 2021 | Indian News, Life, Policy
New Delhi: The government plans to complete the initial public offering of Life Insurance Corporation (LIC) in the current fiscal, the Minister of State for Finance Bhagwat Kishanrao Karad said on Monday. The government on Thursday had invited bids to appoint...
by AIP Online Bureau | Jul 19, 2021 | Health, Indian News, Life, Pandemic
Mumbai: HDFC Life on Monday reported a 33 per cent decline in its net profit to Rs 302 crore in the first quarter ended June this fiscal, mainly due to the adverse impact of the coronavirus pandemic. The insurer had posted a net profit of Rs 451 crore in the same...
by AIP Online Bureau | Jul 19, 2021 | Health, Indian News, Life
Mumbai: Life Insurance Corporation(LIC) launched its health insurance plan,Arogya Rakshak on Monday. It is is a non-linked, non-participating, regular premium, individual, health insurance plan.This plan provides fixed benefit health insurance cover...
by AIP Online Bureau | Jul 19, 2021 | International News, Technology
Zoom Video Communications Inc announced a $14.7 billion all-stock deal to buy cloud-based call center operator Five9 Inc in its largest-ever acquisition, as competition intensifies in its core videoconferencing sector. The teleconferencing services provider has become...
