by AIP Online Bureau | Aug 21, 2025 | Briefs, Eco/Invest/Demography, Indian News, Non-Life
Star Health company has insured 30 lakh active senior citizens and settled over ₹11,500 crore worth of claims in the past 18 years .As India’s senior population crosses 11% of the total demographic, the industry faces the urgent task of designing sustainable and...
by AIP Online Bureau | Aug 21, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Reinsurance
Insurance industry hopes that key input services of commission and reinsurance also receive an exempt status so that there is no blockage of input tax credit ,” Mahesh Jaising Deloitte India Partner and Leader it is essential to tackle some of the structural...
by AIP Online Bureau | Aug 21, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Policy
“LIC’s market value is around Rs 6 lakh crore. So, keeping in mind the liquidity of the market, transactions are designed according to that. And it is not appropriate to give any number in the form of a rumour in the middle of the market,” Arunish...
by AIP Online Bureau | Aug 21, 2025 | Eco/Invest/Demography, Health, Indian News, Regulation
Samrat Choudhary,,Deputy Chief Minister,Bihar The GoM also reviewed the Centre’s suggestion to exempt GST on individual health and life insurance premiums. While most states supported the idea, they flagged the need for strict oversight to make sure insurance...
by AIP Online Bureau | Aug 21, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management
The DGCA carried out 171 regulatory audits from 2020 to June 2025 to ensure safety in India’s civil aviation sector. New Delhi: The government on Thursday said that the Directorate General of Civil Aviation (DGCA) had issued four show-cause notices to Air India...
by AIP Online Bureau | Aug 21, 2025 | Indian News, Risk Management
Lawmakers were reviewing aviation safety in India in the aftermath of the deadly Air India Boeing Dreamliner crash that killed 260 people in June, the world’s worst aviation disaster in a decade. NEW DELHI: An Indian parliamentary committee on aviation has...
by AIP Online Bureau | Aug 21, 2025 | Data, Eco/Invest/Demography, Technology
India is home to nearly 190 BFSI GCCs which employ nearly 540,000 professionals, accounting for one-fourth of the total GCC workforce, said the report. Mumbai: Rapidly expanding global capability centres of banking, financial services and insurance (BFSI) sector has...
by AIP Online Bureau | Aug 21, 2025 | Eco/Invest/Demography, International News, Risk Management
The guarantee letter should state that vessel owners, managers, and operators have no ties to Israel, and that certain types of cargo, including explosives and radioactive materials or military equipment, are not on board en route to Israel, the second source said....
by AIP Online Bureau | Aug 21, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
The refiner, part-owned by Russian oil major Rosneft PJSC, is an important pillar of the Indian market. Its 400,000 barrels-a-day processing plant accounts for 8% of the country’s refining, and the company operates 7% of its fuel stations. It’s been forced to reduce...
by AIP Online Bureau | Aug 21, 2025 | Data, Eco/Invest/Demography, Health, Non-Life
“Approximately 6 in 10 health insurance policies are purchased between ages 60-65, with this bracket alone accounting for approx. 57 per cent of all followed by a steady rise in the 66-70 segment as awareness and health risks increase”. New Delhi: On the...
