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IRDA proposes changes in product designs of life and pension products

by AIP Online Bureau | Oct 27, 2018 | Indian News, Pension & Social Security, Regulation

  Hyderabad: The Insurance Regulatory and Development Authority of India (Irdai)  on Friday has  proposed  a set of significant changes in the current regulations on product guidelines for linked and non-linked life insurance policies that would...

Kerala floods: UN report says Rs 310 billion needed to rebuild state

by AIP Online Bureau | Oct 26, 2018 | Indian News

  Thiruvananthapuram: Kerala will need about Rs 310 billion for recovery and reconstruction following the century's worst floods, according to a UN report presented to the Chief Minister by UN Resident Coordinator in India Yuri Afanasiev.   Afanasiev...

India’s digital economy likely to cross $1 trillion by 2022, says KPMG

by AIP Online Bureau | Oct 26, 2018 | Data, Technology

  New Delhi: India's digital economy is likely to cross $1 trillion by the financial year 2022, a KPMG report said here on Thursday.The report launched at the India Mobile Congress 2018 also forecasts that mobile data usage in the country is likely to surge...

India and Bangladesh ink pacts for enhancing inland and coastal waterways connectivity

by AIP Online Bureau | Oct 26, 2018 | International News

  New Delhi: India and Bangladesh signed several milestone agreements today, for enhancing inland and coastal waterways connectivity between the two countries for trade and cruise movements.  In an important understanding reached at between the two...

’Ayushman Bharat’ benefits 112,000 people, approves Rs 1.4 billion of claims in first month

by AIP Online Bureau | Oct 26, 2018 | Health, Indian News

  New Delhi: The world’s largest healthcare program in India is running up against a challenge: many of its 500 million beneficiaries don’t have a clue about it, as they didn’t have to enroll for it.   Prime Minister Narendra Modi’s...

Amitabh Kant urges judiciary for speedy resolution of commercial cases

by AIP Online Bureau | Oct 26, 2018 | Indian News, Risk Management

  Mumbai: Even as India improved its ease of doing business ranking, NITI Aayog chief executive officer Amitabh Kant on Thursday urged the judiciary to ensure speedy resolution of commercial cases for improving the country's ranking in contract enforcement....

AXA XL gets in-principle approval for Brexit move

by AIP Online Bureau | Oct 26, 2018 | International News, Reinsurance

  Dublin: Axa XL, a wholly owned subsidiary within the AXA XL division of AXA Group. has received authorisation in principle from the Central Bank of Ireland (CBI) to move its European Union insurance company, XL Insurance Company SE(XLICSE), from the UK to...

Insurance Policy with Reliance was full of frauds, scrapped: J &K Guv

by AIP Online Bureau | Oct 25, 2018 | Health, Indian News

  Jammu:  The controversial  Jammu and Kashmir Group Medical Insurance Policy for Government employees with Anil Ambani’s Reliance General Insurance has been scarapped by Jammu and Kashmir governor Satya Pal Malik on Thursday.  ...

Time to upgrade Airline Black Boxes, says US Safety Board

by AIP Online Bureau | Oct 25, 2018 | International News, Risk Management

The ubiquitous black boxes on airliners — designed to capture the sometimes gruesome words and sounds leading up to crashes — need an upgrade, U.S. accident investigators say.   In too many cases, the current two hours of sound on the cockpit voice...

New global commitment to primary health care for all at Astana conference

by AIP Online Bureau | Oct 25, 2018 | Health, International News

  Astana, Kazakhstan: Countries around the world today agreed to the Declaration of Astana, vowing to strengthen their primary health care systems as an essential step toward achieving universal health coverage. The Declaration of Astana reaffirms the...
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