by AIP Online Bureau | Jun 30, 2021 | Eco/Invest/Demography, Indian News, Life, Regulation
New Delhi:With the government, on Wednesday, gezettifying the 27 of amendments in LIC Act 1956 that are part of the Finance Act 2021, the 65-year old Life Insurance Corporation, with over Rs 35 trillion of assets, stands corporatised to facilitate...
by AIP Online Bureau | Jun 30, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pandemic
New Delhi: COVID-19 in children is often asymptomatic and rarely require hospitalisation, however it is possible that a small percentage of children who get infected may need hospitalization and the Centre is making all adequate arrangements in terms of...
by AIP Online Bureau | Jun 30, 2021 | Indian News, Life
New Delhi: Standard Life's shareholding in HDFC Life Insurance will come down to 3.89 per cent post sale of shares by the foreign promoter on Tuesday. Standard Life (Mauritius Holdings), one of the promoters, said in a communication that they had undertaken a sale...
by AIP Online Bureau | Jun 30, 2021 | Articles, Eco/Invest/Demography, Health, Non-Life, Pension & Social Security, Regulation
Emerging Asia has an estimated pension savings gap of USD 3.8 trillion per post-retirement year. This totals USD 74 trillion over workers' full retirement years, equivalent to USD 50 000 per worker, or 11 times the average worker's annual...
by AIP Online Bureau | Jun 30, 2021 | Eco/Invest/Demography, International News, Technology
Elon Musk’s satellite network Starlink is on track to beam broadband internet everywhere in the world except the polar regions by August. Space Exploration Technologies Corp. has launched more than 1,500 satellites so far and has Starlink operations in...
by AIP Online Bureau | Jun 30, 2021 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Policy
New Delhi: The Supreme Court on Wednesday directed the National Disaster Management Authority (NDMA) to issue fresh guidelines for providing minimum standards of financial help to families of those who lost their lives to COVID-19. A special bench of Justices Ashok...
by AIP Online Bureau | Jun 30, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Policy, Reinsurance
London: The British government is expected to announce an insurance scheme in the coming weeks for live events, including festivals, theatre and sports, to allow them to go ahead despite the pandemic, insurance industry sources said. Insurers have since last...
by AIP Online Bureau | Jun 30, 2021 | Indian News, Reinsurance
Mumbai: Shares of General Insurance Corporation of India on Wednesday jumped nearly 4 per cent after the company reported a consolidated net profit of Rs 1,991.59 crore for the financial year 2020-21. The stock gained 3.57 per cent to Rs 211.50 on the BSE.At...
by AIP Online Bureau | Jun 30, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
New Delhi: As the price of bitcoin increased by almost 400 per cent, cryptocurrency-related email compromise attacks increased by 192 per cent between October 2020 and May 2021, a report said on Tuesday. According to cloud-enabled security solutions provider...
by AIP Online Bureau | Jun 30, 2021 | Eco/Invest/Demography, International News, Reinsurance, Risk Management
Singapore: Power companies are facing key challenges arising from energy transition and the move to cleaner fossil fuels, according to Willis Towers Watson’s 2021 Power Market Review. These include how power companies need to substantially reduce their...
