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New India bags Rajasthan’s Rs 1200 cr Health Insurance Project

by AIP Online Bureau | Dec 11, 2017 | Health, Indian News

Mumbai: New India Assurance, the largest general insurer in the county, has bagged Rajasthan’s Health Insurance Project.  The total insurance premium involved in the health insurance project is more than Rs.1200 crores per annum with the State bearing Rs...

Indiabulls Housing sells 100 per cent stake in Indiabulls Life

by AIP Online Bureau | Dec 10, 2017 | Indian News

Mumbai: Indiabulls Housing Finance today said it has sold its entire shareholding in Indiabulls Life Insurance Company for a cash consideration of Rs 5 lakh to SORIL Holdings and Ventures.   The company has sold its 100 per cent shareholding in 'Indiabulls...

British supermarkets look to bottle deposits to cut pollution

by AIP Online Bureau | Dec 9, 2017 | Facts

LONDON:  A return scheme for plastic bottles could soon allow British consumers to enjoy a drink of juice or water without adding to a sea of pollution – as well as getting some of their money back.   The idea of a deposit return scheme (DRS) for...

Consumers want govts to do more to protect their data from AI: Survey

by AIP Online Bureau | Dec 9, 2017 | International News, Technology

  Despite massive corporate investments in artificial intelligence (AI), nearly three-quarters of consumers are concerned about AI infringing on their privacy, according to a new study from Genpact, a global professional services firm focused on delivering...

Apollo Munich Health Insurance eyes Rs 1700 cr prm in 2017-18

by AIP Online Bureau | Dec 9, 2017 | Health, Indian News

  Mumbai: The stand alone health insurer Apollo Munich Health Insurance (AMHI) is eyeing Rs 1700 crore of premiums during 2017-18.   “At Rs 1700 crore, we are targeting a growth of 30 per cent in  our total premium income by the fiscal-end. We had...

Apollo Munich Health Insurance eyes Rs 1700 crore of premiums during 2017-18

by AIP Online Bureau | Dec 9, 2017 | Health

Mumbai: The stand alone health insurer Apollo Munich Health Insurance (AMHI) is eyeing Rs 1700 crore of premiums during 2017-18.   “At Rs 1700 crore, we are targeting a growth of 30 per cent in  our total premium income by the fiscal-end. We had...

Won’t tolerate open loot, negligence by pvt hospitals:Kejriwal

by AIP Online Bureau | Dec 9, 2017 | Health, Indian News

New Delhi: Delhi Chief Minister Arvind Kejriwal today said his government will not tolerate "open loot and criminal negligence" by private hospitals, hours after the licence of Max Hospital at Shalimar Bagh was cancelled.   He said the AAP government...

Swiss Re effects changes in Group Executive Committee,inducts new members in Board

by AIP Online Bureau | Dec 8, 2017 | International News, Reinsurance

Zurich: Swiss Re, the largest global reinsurer, today announces that John Dacey, currently Group Chief Strategy Officer, is appointed Group Chief Financial Officer, effective 1 April 2018, according to a release by Swiss Re on Friday.   He succeeds David...

IRDAI forms panel to explore innovation in insurance

by AIP Online Bureau | Dec 7, 2017 | Indian News, Regulation

Hyderabad: The insurance regulator IRDAI has constituted a broad panel under Yegnapriya Bharath,chief general manager, IRDAI, on Thursday to examine how technological advancements particularly wearable and portable devices can be a part of a regulatory policy...

Finance ministry’s assurances on new FRDI Bill,won’t take away your money in the bank 

by AIP Online Bureau | Dec 7, 2017 | Indian News

  New Delhi: The FRDI Bill(Financial Resolution and Deposit Insurance Bill, 2017), under consideration of a joint parliamentary committee, is depositor friendly and provides more protection to them compared to existing provisions, the finance ministry said...
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