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AB PM-JAY reduces India’s out-of-pocket medical expenses from 62 per cent to 38 per cent: JP Nadda

AB PM-JAY reduces India’s out-of-pocket medical expenses from 62 per cent to 38 per cent: JP Nadda

by AIP Online Bureau | Apr 10, 2025 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy

J.P. Nadda,Union Health Minister Over 8.19 crore people across India have received treatment under this scheme, and the government has spent around Rs 1.26 lakh crore on AB PM-JAY New Delhi: With the implementation of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana...
Bagic’s T A Ramalingam takes over as first CEO of Prem Watsa’s Value Attics Reinsurance

Bagic’s T A Ramalingam takes over as first CEO of Prem Watsa’s Value Attics Reinsurance

by AIP Online Bureau | Apr 10, 2025 | Indian News, Non-Life, Regulation, Reinsurance

T A Ramalingam, CEO, Value Attics Reinsurance Ramalingam, who completed his stint with BAGIC, after serving the insurer for over 20 years, in March end, has taken over his new assignment on Thursday Mumbai: T A Ramalingam, former senior president of Bajaj Allianz...

Corporate credit tremors in aftershock of tariff-led stock rout

by AIP Online Bureau | Apr 10, 2025 | Banking & Bancassurance, Eco/Invest/Demography, International News, Pension & Social Security, Policy

The move is fueling fears pension funds and other longer-term investors might also start purging higher-quality borrowers from their portfolios. With the majority of fixed-income trading happening off-market, it can be hard to track and measure sales The tariff shock...
Trump issues order to block climate change laws

Trump issues order to block climate change laws

by AIP Online Bureau | Apr 10, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy, Regulation

U.S. President Donald Trump The order directed the U.S. attorney general to identify state laws that address climate change, ESG initiatives, environmental justice and carbon emissions, and to take action to block them Washington: U.S. President Donald Trump issued an...

Bajaj Allianz Life Superwoman Term launched

by AIP Online Bureau | Apr 10, 2025 | Briefs, Health, Life

Bajaj Allianz Life Insurance, has launched Bajaj Allianz Life Superwoman Term (SWT), a comprehensive protection solution exclusively for women. This pioneering solution goes beyond traditional life insurance, offering financial security with term insurance benefits,...
Union govt, NDMA can ask banks to waive loans of Wayanad landslides victims: Kerala HC

Union govt, NDMA can ask banks to waive loans of Wayanad landslides victims: Kerala HC

by AIP Online Bureau | Apr 10, 2025 | Disaster & Management, Eco/Invest/Demography, Indian News

A bench of Justices A K Jayasankaran Nambiar and Easwaran S said it will pass orders “nudging” the Centre and the NDMA to ask the banks to waive off the loans Kochi: The Kerala High Court on Thursday said that while the RBI cannot ask banks to waive the...
Slow down: Indian general insurance industry grows premium by just 6.2% to almost Rs 3.08 trillion in FY 25

Slow down: Indian general insurance industry grows premium by just 6.2% to almost Rs 3.08 trillion in FY 25

by AIP Online Bureau | Apr 9, 2025 | Health, Indian News, Non-Life

The top five players -New India Assurance(with a market share of 12.56 per cent), ICICI Lombard General Insurance(8.72 per cent), Bajaj Allianz General Insurance(6.96 per cent), United India Insurance(6.53 per cent), Oriental Insurance(6.45 per cent) , have expanded...
SC summons MoRTH top officials for failing to implement `golden hour’ scheme for road accident victims

SC summons MoRTH top officials for failing to implement `golden hour’ scheme for road accident victims

by AIP Online Bureau | Apr 9, 2025 | Indian News, Non-Life, Policy

Sources in the industry pointed out that the MoRTH has already transferred around Rs 450 crore , mobilised by the general insurers to be spent in `golden hour’ treatment,  to its own account so that it can implement the scheme directly without involving the insurers...

Asset valuer appointed for IDBI Bank; govt deliberating on share purchase pact: DIPAM secretary

by AIP Online Bureau | Apr 9, 2025 | Eco/Invest/Demography, Indian News, Life, Policy

The privatisation of IDBI Bank has been in process for over two and a half years. In October, 2022, when the government, together with LIC, had invited EoI from investors for privatising IDBI Bank by selling a total of 60.72 per cent stake. This includes a 30.48 per...
Global energy insurance market continues to soften with capacity at an all-time high: Willis

Global energy insurance market continues to soften with capacity at an all-time high: Willis

by AIP Online Bureau | Apr 9, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

In Asia, insurance capacity from Asian-based insurers remains very strong. Over the last two years, some insurers have set up new and expanded capacity in the region due to market profitability in the downstream sector. This is coupled by an increased demand from...
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