by AIP Online Bureau | Aug 31, 2019 | Eco/Invest/Demography, Indian News, Life
Mumbai: The Life Insurance Corporation that has entered in to 64th year of its incorporation on 1st September, has achieved 92.95 per cent of maturity claims and 98.27 per cent of death claims settlement for 259.54 lakhs claims amounting to Rs....
by AIP Online Bureau | Aug 31, 2019 | Eco/Invest/Demography, Indian News, Life, Non-Life
Mumbai: With grand new merger schemes ready for the 10 public sector banks(PSU), which has been unveiled by the union finance minister Nirmala Sitharaman on Friday, the bancassurance landscape in terms of ownership and distribution network in country will...
by AIP Online Bureau | Aug 30, 2019 | International News, Reinsurance
London: Even as India’s state owned reinsurer GIC Re has retained its 11th ranking, Swiss Re, the second largest global reinsurer has toppled Munich Re from its position as the world’s largest reinsurer in 2018, said AM Best. AM Best has...
by AIP Online Bureau | Aug 30, 2019 | Eco/Invest/Demography, Health, Indian News
New Delhi: Prime Minster Narendra Modi on Friday said that the government has set a target of setting up 12,500 Ayush centres across India, 4000 of which will be set up this year. Speaking at Yoga Awards ceremony here, he also stressed for the need to create a...
by AIP Online Bureau | Aug 30, 2019 | Eco/Invest/Demography, Facts
The unemployment rate among women in India is more than double of that of men with similar qualifications, a new study has revealed. Titled "Gender Inclusion in Hiring in India", the study by two Harvard students, Rachel Levenson and Layla O'Kane, noted...
by AIP Online Bureau | Aug 30, 2019 | Eco/Invest/Demography, Indian News, Non-Life
New Delhi: Sharp deceleration in manufacturing output and subdued farm sector activity pulled down India's gross domestic product (GDP) growth to a seven-year low of 5 per cent in the April-June quarter of 2019-20, according to official data released on...
by AIP Online Bureau | Aug 30, 2019 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries
New Delhi: The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders as it looks to boost economic growth from a five-year low. Finance Minister Nirmala...
by AIP Online Bureau | Aug 30, 2019 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries
Mumbai: The number of cases of frauds reported by banks saw a jump of 15 per cent year-on-year basis in 2018-19, with the amount involved increasing by 73.8 per cent in the year, RBI’s annual report showed. In FY19, banking sector reported 6,801 frauds...
by AIP Online Bureau | Aug 29, 2019 | International News, Non-Life, Reinsurance
OLDWICK, N.J: The global reinsurance market as a whole has exhibited more underwriting control as evidenced by a holding back of capacity at the midyear 2019 renewals; however, questions remain over the sustainability of this newfound discipline, according to a...
by AIP Online Bureau | Aug 29, 2019 | Eco/Invest/Demography, Facts, Health
The World Health Organization (WHO) and UN-Water today sounded the alarm for an urgent increase in investment in strong drinking-water and sanitation systems. The call came as the international water sector meets in Stockholm for its annual...
