by AIP Online Bureau | Feb 28, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Regulation, Risk Management, Workplace/Employee Benefits
The retirement body had paid 50.8 million claims worth Rs 2.05 lakh crore in 2024-25, up from 44.5 million claims totaling Rs1.82 lakh crore in the previous year. The 8.25 per cent interest rate in 2023-24 was based on EPFO’s record investment income of Rs 1.07 lakh...
by AIP Online Bureau | Feb 28, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Risk Management
In line with these guidelines, insurers will be able to buy hedges in stock & index futures and options against their holding in equities subject to the exposure and position limits. The equity derivatives shall be used only for hedging purpose. Any OverThe...
by AIP Online Bureau | Feb 28, 2025 | Indian News, Non-Life
Despite its lack of underwriting profitability, ICICI Lombard has consistently outperformed India’s general insurance market. Underwriting performance showed a slight improvement in fiscal year 2024, mainly due to lower claims for motor and health insurance, although...
by AIP Online Bureau | Feb 27, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation
Tuhin Kanta Pandey, Chairman, Sebi IRDAI chief Debasish Panda will also complete his three-year tenure on Mar 14 and it is yet to be know whether the government will extend his tenure at the Indian insurance regulatory body New Delhi: The government on Thursday...
by AIP Online Bureau | Feb 27, 2025 | Indian News, Life
The company has received a communication/demand order for interest and penalty for Maharashtra on February 27 from Deputy Commissioner of State Tax, Mumbai, LIC said in a regulatory filing Mumbai: Life Insurance Corporation of India (LIC) on Thursday said it has...
by AIP Online Bureau | Feb 27, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology
While an investigating agency was fully empowered to conduct an investigation and recommend freezing of the entire account to the bank, the court pointed out, when resorted to such a measure, it must assign reasons. When it comes to small-time vendors, the action...
by AIP Online Bureau | Feb 27, 2025 | Eco/Invest/Demography, Health, Indian News, Pandemic, Policy
Piyush Goyal,Union Commerce Minister Goyal also mentioned that over the past decade, transformative steps have been taken in public healthcare, such as providing free treatment to millions of Indians, establishing Jan Aushadhi Kendras, and building modern medical...
by AIP Online Bureau | Feb 27, 2025 | International News, Non-Life, Reinsurance
Swiss Re’s Group Chief Executive Officer Andreas Berger said: “Underwriting is at the core of everything we do, and the re-establishment of this function underscores our commitment to enhancing technical excellence across all businesses.” Zurich:...
by AIP Online Bureau | Feb 26, 2025 | Indian News, Life, Non-Life, Regulation, Reinsurance
Peak Re, the fourth reinsurer to get a license, has a total global business of $1.75 billion. It has already developed a major Indian portfolio, largely constituting Crop and Property, as a Cross Boarder Reinsurer(CBR) and gearing up to expand it further in the...
by AIP Online Bureau | Feb 26, 2025 | Health, Indian News, Life, Non-Life, Regulation
An IIHL spokesperson said that IIHL voluntarily offered to release Rs 2,750 crore in equity capital into Reliance Capital’s account to demonstrate its commitment to completing the transaction. The tribunal accepted the proposal Reliance Capital has three...
