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RBI issues stricter norms to curb mis-selling of financial products

RBI issues stricter norms to curb mis-selling of financial products

by AIP Online Bureau | Jun 15, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries, Regulation

The regulator also laid out a broad ​definition of ​mis-selling, which includes practices such as offering ​products that are unsuitable for the ‌customer, providing misleading or inaccurate information, selling products without obtaining explicit consent from the...
Iran, US agree to halt war and reopen Hormuz

Iran, US agree to halt war and reopen Hormuz

by AIP Online Bureau | Jun 15, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Trump said the Strait of Hormuz, a major shipping route for global oil and gas supplies that Iran has effectively shut for months, would open on Friday, and that he ​had ordered the end of a U.S. blockade of ​Iranian ports. DUBAI/BEIRUT:The U.S. and Iran said they...
Liberty and ICEYE partner to deliver market-first Parametric wildfire insurance cover

Liberty and ICEYE partner to deliver market-first Parametric wildfire insurance cover

by AIP Online Bureau | Jun 15, 2026 | Eco/Invest/Demography, Non-Life, Reinsurance, Technology

Jean-Christophe Garaix, Head of Parametrics & Agriculture at Liberty, said: “By pushing the boundaries of technology, we are delivering a new generation of parametric wildfire coverage that is faster, more responsive, and fully data driven. Our property wildfire...
US, Iran reach preliminary agreement to end war, signing set for Friday

US, Iran reach preliminary agreement to end war, signing set for Friday

by AIP Online Bureau | Jun 15, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Donald Trump,U.S. President Trump said the Strait of Hormuz, a major shipping route for ​global oil and gas supplies that Iran has effectively shut down for months, would open on Friday, and that he had ordered the end of the U.S. blockade of Iranian ports....
Govt allocates over Rs 9,500 crore for AB-PMJAY in FY27

Govt allocates over Rs 9,500 crore for AB-PMJAY in FY27

by AIP Online Bureau | Jun 14, 2026 | Health, Indian News, Non-Life

Prime Minister Narendra Modi The government has also expanded access to affordable medicines through the Pradhan Mantri Bhartiya Janaushadhi Pariyojana. More than 15 lakh people are purchasing low-cost medicines daily through Jan Aushadhi Kendras, generating savings...
ICICI Lombard exposes fraudulent claim in Assam accident case

ICICI Lombard exposes fraudulent claim in Assam accident case

by AIP Online Bureau | Jun 14, 2026 | Indian News, Non-Life

The final conclusion of SIT formed by Assam police confirms that the insured motorcycle was implanted to the incident to extract compensation by fraudulent means, which exposed a highly organized manipulation of accident records. Mumbai:In a significant development,...
LIC targets stronger market leadership as it approaches its platinum jubilee

LIC targets stronger market leadership as it approaches its platinum jubilee

by AIP Online Bureau | Jun 14, 2026 | Indian News, Life

R Doraiswamy, CEO and MD,LIC Doraiswamy further said LIC is actively considering establishing a fintech arm either through strategic investment or an organic way to cater to its growing digital needs. New Delhi: LIC CEO and MD R Doraiswamy has said that despite rising...
Embedded Insurance: A key differentiator for Southeast Asian device retailers

Embedded Insurance: A key differentiator for Southeast Asian device retailers

by AIP Online Bureau | Jun 14, 2026 | Articles, Non-Life, Reinsurance, Technology

As connected devices become indispensable to everyday life across Southeast Asia, retailers are facing intensifying competition and rising customer expectations.Embedded insurance offers retailers a powerful way to differentiate themselves by making protection an...
Govt deploys AI-powered survey vehicles to revolutionise national highway maintenance

Govt deploys AI-powered survey vehicles to revolutionise national highway maintenance

by AIP Online Bureau | Jun 14, 2026 | Data, Technology

The high-tech vehicles, fitted with laser profilers, GPS systems, high-resolution cameras and advanced 3D laser sensors, are designed to scan highway stretches and generate detailed digital maps of road conditions. New Delhi: The Ministry of Road Transport and...
Govt approves 100% ethanol fuel accelerating shift to clean energy

Govt approves 100% ethanol fuel accelerating shift to clean energy

by AIP Online Bureau | Jun 14, 2026 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy

Gadkari stated that several major automakers are preparing to introduce ethanol-compatible vehicles in the coming weeks.Companies such as Toyota, Suzuki, MG and Hyundai will launch 100 per cent ethanol-compatible vehicles within the next month and a half. New Delhi:...
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