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Job outlook bleakest in 15 yrs,Just 5 pc of India Inc bullish on hiring in Jul-Sep qtr: Survey

by AIP Online Bureau | Jun 9, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

  New Delhi: India''s job market looks grim with just 5 per cent of companies planning to add more staff in the next three months as corporates gear up for the post-lockdown era with a wait-and-watch policy, a survey said on Tuesday.   According to...

Mumbai most expensive city in India for expats, ranks 19th in Asia: Survey

by AIP Online Bureau | Jun 9, 2020 | Eco/Invest/Demography, Facts

  New Delhi: India's financial capital Mumbai has emerged as the most expensive city in the country for expatriates in terms of cost of living, a survey said on Tuesday.   According to Mercer's '2020 Cost of Living Survey', Mumbai is the 60th...

IRDAI scraps long-term package motor insurance products from Aug 1

by AIP Online Bureau | Jun 9, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

  Hyderabad:  Finding fault with the ways the  whole scheme of long-term package motor insurance products, three year for cars and five years for two-wheelers,are being implemented by the general insurers,since they were launched in Sep...

Auto sales may dip by up to 25% in FY21, sharpest decline in two decades: Ind-Ra

by AIP Online Bureau | Jun 9, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

Mumbai: The automobile sales may decline by up to 25 percent in this financial year as compared to 2019-20 due to a complete washout in April and minuscule sales last month, according to rating agency Ind-Ra.   The decline (excluding in tractors) would be the...

India’s virus count over 2.6 lakh, daily spike inching close to 10,000-mark

by AIP Online Bureau | Jun 9, 2020 | Eco/Invest/Demography, Health, Indian News, Intermediaries

  New Delhi: A record rise in COVID-19 cases in India for the seventh consecutive day has pushed the tally to over 2.6 lakh on Tuesday, with the daily nationwide spike in coronavirus cases inching close to 10,000.   The rise in cases comes at a time...

Covid-19 Pandemic:Life insurers’ new premium income falls 26 % to Rs 13,739 crores in May

by AIP Online Bureau | Jun 9, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Life

  Mumbai: The life insurance industry,consisting of 24 players,continues to see large erosion of  its monthly business performance due to the countrywide lockdown caused by the Covid -19 pandemic, as during the first two months of the fiscal 2020-21, till...

Covid -19 Pandemic:U.S. life/annuity industry posts a $23.1 billion net income loss in Q1 2020

by AIP Online Bureau | Jun 9, 2020 | Eco/Invest/Demography, International News, Life

  Oldwick: Amidst Covid-19 Pandemic, the U.S. life/annuity (L/A) industry posted a $23.1 billion net income loss in the first quarter of 2020, driven mainly by a 51% increase in expenses over the same prior-year period, according to report by AM Best .  ...

ICICI Lombard launches Rs 5 lakh domestic multi-trip cover for an anuual premium of Rs 499

by AIP Online Bureau | Jun 9, 2020 | Indian News, Non-Life, Risk Management, Technology

  Mumbai: ICICI Lombard General Insurance, India’s largest non-life private insurance company has entered into a strategic tie-up with PhonePe flo launching industry-first domestic multi-trip insurance cover of Rs 5 lakh for an anuual premium of Rs...

India’s economy to shrink further in fiscal year 2020-21:World Bank

by AIP Online Bureau | Jun 9, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  Washington: India’s economy will shrink by 3.2 per cent in the current fiscal, the World Bank said on Monday as it joined a chorus of international agencies that are forecasting a contraction in growth rate due to the coronavirus lockdown halting economic...

Insurtech Lemonade files for IPO, to be listed in NY Stock Exchange

by AIP Online Bureau | Jun 9, 2020 | Eco/Invest/Demography, International News, Non-Life

  NEW YORK: New York based Insurtech major Lemonade, Inc. (“Lemonade”) today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its...
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