by AIP Online Bureau | Dec 3, 2019 | International News, Reinsurance
Paris: French reinsurer SCOR announced the launch of a new three-year contingent capital facility. This takes the form of a contingent equity line, providing the Group with EUR 300 million coverage in case of extreme natural catastrophe or life events...
by AIP Online Bureau | Dec 3, 2019 | Eco/Invest/Demography, Indian News, Policy
New Delhi: The government's 'One Nation One Ration Card' initiative that will largely cover migrant labourers and daily wagers will come into force across the country from June 1, 2020, Union minister Ram Vilas Paswan said on Tuesday. Under...
by AIP Online Bureau | Dec 3, 2019 | Indian News, Risk Management, Technology
New Delhi: IndiGo has told its pilots to stop pushing engines on its new Airbus SE jets to the limit when the planes are climbing, after India’s aviation regulator said the practice may have contributed to turbines failing in the air. All the budget...
by AIP Online Bureau | Dec 3, 2019 | Banking & Bancassurance, Indian News, Policy, Regulation
New Delhi: Depositors in failed and liquidated banks will get only up to Rs 1 lakh as insurance cover, regardless of the amount in their accounts, according to the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly owned subsidiary...
by AIP Online Bureau | Dec 3, 2019 | Eco/Invest/Demography, Health, Indian News
New Delhi: The e-pharmacy industry in the country is waiting for the government to come up with regulations for the sector to boost its growth and attract investment, leading players said on Tuesday. However, another media report on Tyesday suggests, the...
by AIP Online Bureau | Dec 3, 2019 | Eco/Invest/Demography, Indian News
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said the government is open to further reforms for making India a more attractive investment destination. The government has taken various steps, including reduction of corporate tax, she said at...
by AIP Online Bureau | Dec 3, 2019 | Indian News, Life, Technology
Mumbai: As a fillip to our ongoing support for digital transactions Life Insurance Corporation of India announces waiver of convenience fee on Credit Card transactions initiated by policy holders for payment of renewal premium, advance premium, repayment of...
by AIP Online Bureau | Dec 3, 2019 | Eco/Invest/Demography, Health, International News
LONDON/NEW YORK: Global reinsurers are stepping up their warnings to life insurer clients about the potential risks of vaping, putting pressure on underwriters to charge certain vapers higher rates than smokers, or even exclude them altogether.SCOR recommends...
by AIP Online Bureau | Dec 3, 2019 | Health, Indian News
NEW DELHI: The sanitation coverage under Swachh Bharat Mission(Grameen) is 100 per cent and all the 5,99,963 villages have declared themselves Open-Defecation Free (ODF), the government said on Monday. The Centre launched SBM(G) on October 2, 2014 with the aim...
by AIP Online Bureau | Dec 3, 2019 | Eco/Invest/Demography, Indian News
Mumbai: India’s yield curve rose to its steepest in nine years as bets mounted on further monetary easing and fiscal stimulus following the country’s deepening economic slowdown. The yield spread between the most-traded 10-year notes to two-year...
