by AIP Online Bureau | Sep 4, 2025 | Health, Indian News, Life, Non-Life, Policy
“As India’s most trusted insurance partner, New India Assurance takes pride in passing on maximum benefit accruing out of this exemption to our valued customers. NIA commits to put in all possible efforts to make Viksit Bharat 2047 a reality,...
by AIP Online Bureau | Sep 3, 2025 | International News, Non-Life, Reinsurance, Risk Management
The newly formed syndicate has received in principle approval to assume business incepting 1st January 2026, targeting approximately $75 million GWP in its first year London: OAK Global today announces that it will be launching a new strategic business unit, OAK...
by AIP Online Bureau | Sep 3, 2025 | Eco/Invest/Demography, Indian News, Policy
GST rates on small cars and motorcycles up to 350 cc, three-wheelers, buses, trucks, and ambulances has been reduced from 28 percent to 18 percent. New Delhi: Small cars and entry-level bikes are set to get cheaper as the GST Council on Wednesday approved a complete...
by AIP Online Bureau | Sep 3, 2025 | Eco/Invest/Demography, Health, Indian News, Life
“We have decided to remove 18 per cent GST from all individual Life and Health Insurance to make them affordable for common man and widen country’ insurance coverage. The exemption on Health Insurance will also cover family floater. The reinsurance premium...
by AIP Online Bureau | Sep 3, 2025 | Data, Eco/Invest/Demography, Life
Key insights revealed by a study initiated by Insurance Awareness Committee (IAC-Life) in collaboration with IMRB Kantar • 100% awareness of life insurance among respondents • 70% of non-policyholders intend to invest in life insurance within the next 3–6 months • 63%...
by AIP Online Bureau | Sep 3, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Policy, Workplace/Employee Benefits
The government had proposed completely exempting life and health insurance premium from Goods and Services Tax (GST), Bihar Deputy Chief Minister and convenor of insurance GoM Samrat Choudhary had said earlier. Health and term insurance premiums may become cheaper if...
by AIP Online Bureau | Sep 3, 2025 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance
Gallagher Re estimated that the private insurance market and public insurance entities covered at least USD84B38 in losses from natural perils in 2025 HY, increasing from USD61B39 as originally reported for 2024 HY. This represents the costliest H1 for the industry...
by AIP Online Bureau | Sep 3, 2025 | International News, Non-Life, Reinsurance, Risk Management
Abundant capacity and rising competition across most property lines will gradually erode prices, while rising claims costs, notably from more frequent and severe catastrophe losses and persistent social inflation, will pressure underwriting margins, in our base case,...
by AIP Online Bureau | Sep 3, 2025 | Data, Technology
Electric vehicles make up only over 5 per cent of total car sales in India. Within the high-end bracket, just 2,800 EVs priced between Rs 45 lakh and Rs 70 lakh were sold in the first half of 2025. New Delhi: US auto giant Tesla’s entry into the Indian market...
by AIP Online Bureau | Sep 3, 2025 | International News, Risk Management
The loss of two CEOs and a chairman in a year is of historic proportions for Nestle,” said Ingo Speich, head of corporate governance and sustainability at Deka, a top-30 Nestle investor. Nestle has fired its CEO Laurent Freixe after just one year in the job after an...
