by AIP Online Bureau | Jan 24, 2019 | Banking & Bancassurance, Indian News, Life, Regulation
Mumbai: The insurance regulator IRDAI will allow IDBI Federal Life Insurance to continue with its existing promoter,IDBI Bank even after the Life Insurance Corporation(LIC) has picked up 51 per cent in the bank and is named as the new promoter of the...
by AIP Online Bureau | Jan 24, 2019 | Indian News, Regulation
Mumbai: Post the Supreme Court rulings, Indian insurers will be allowed use Aadhaar Card for eKYC(Know your customer) with the condition that they `mask’ the 12 digits on the card and only use Quick Response (QR) Code. The insurance regulator...
by AIP Online Bureau | Jan 23, 2019 | Uncategorized
New Delhi: The government will constitute a standing committee on affordable medicines and health products that would act as a recommending body to the national drug pricing regulator with respect to prices of drugs and health products. The committee will have...
by AIP Online Bureau | Jan 23, 2019 | Indian News, Pension & Social Security
New Delhi: The finance ministry is looking at some of the suggestions of PFRDA including increasing upper age limit for availing Atal Pension Yojana (APY) to 50 years, Financial Services Secretary Rajiv Kumar said on Wednesday. To make APY more...
by AIP Online Bureau | Jan 23, 2019 | Eco/Invest/Demography, Indian News
NEW DELHI: Nine days ahead of the interim Budget, Railway Minister Piyush Goyal has been given additional charge of Finance and Corporate Affairs ministries in view of indisposition of Arun Jaitley, who is currently undergoing treatment abroad, an official...
by AIP Online Bureau | Jan 23, 2019 | International News, Reinsurance
London: Miller has continued its rapid expansion into the entertainment market with the hire of four specialists in music insurance, led by Martin Goebbels, who is joined by Rose Burgess, Holly Leary and Pamela Choat. Having worked together for many...
by AIP Online Bureau | Jan 23, 2019 | Eco/Invest/Demography, Indian News, Non-Life
: New Delhi: The Indian government is likely to seek to raise about 800 billion rupees ($11.21 billion) through the sale of state-owned assets in the next fiscal year, beginning April 1, two government sources with direct knowledge of budget discussions told...
by AIP Online Bureau | Jan 22, 2019 | Indian News, Life
Mumbai: The net profit of HDFC Life at Rs 913 crore, up 20 per cent, in the nine months ended in Dec 2018. The net profit was Rs 762 crore in the corresponding period of 2017-18. Total Premium of the life insurer had gone up 29 per cent from...
by AIP Online Bureau | Jan 22, 2019 | Disaster & Management, International News, Non-Life, Reinsurance, Risk Management
Chicago: Aon's Weather, Climate & Catastrophe Insight: 2018 Annual Report reveals that 394 natural catastrophe events in 2018 generated economic losses of USD225 billion. Of that total, private sector and government-sponsored insurance...
by AIP Online Bureau | Jan 22, 2019 | International News, Risk Management, Technology
Paris: France's data watchdog on Monday announced a fine of 50 million euros ($57 million) for US search giant Google, using the EU's strict General Data Protection Regulation (GDPR) for the first time. Google was handed the record fine from the CNIL...
