by AIP Online Bureau | May 24, 2025 | Workplace/Employee Benefits
The GST Council, chaired by Union Finance Minister and comprising state counterparts, in its meeting in December last year, did not take up the GoM reports on rate rationalisation and rate reduction in health and life insurance.. New Delhi: The GST Council is likely...
by AIP Online Bureau | May 24, 2025 | Indian News, Life
(L to R) Rishi Nath, official adjudicator, Guinness World Records, hands over certificate of achievement to Siddhartha Mohanty, CEO & MD, LIC, celebrating LIC’s Guinness World Record for the “Most Life Insurance Policies Sold in 24 Hours.” On January 20, a total...
by AIP Online Bureau | May 24, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
EPFO, on February 28, had decided to retain the interest rate of 8.25 per cent on employees’ provident fund (EPF) deposits for the financial year 2024-25, equal to the rate provided in the preceding fiscal. Now the interest amount as per the rate ratified for...
by AIP Online Bureau | May 24, 2025 | Eco/Invest/Demography, Indian News
The IMD in April forecast above-normal cumulative rainfall in the 2025 monsoon season, ruling out the possibility of El Nino conditions, which are associated with below-normal rainfall in the Indian subcontinent New Delhi:The southwest monsoon reached Kerala on...
by AIP Online Bureau | May 24, 2025 | Indian News, Intermediaries, Non-Life, Regulation, Technology
According to the IRDAI order, even where outsourcing is given to an intermediary, the insurer retains the responsibility for all regulatory obligations and proper due diligence and monitoring of the outsourced service provider and the services provided Hyderabad/...
by AIP Online Bureau | May 23, 2025 | Eco/Invest/Demography, Indian News, Workplace/Employee Benefits
“Maternity leave is integral to maternity benefits. Reproductive rights are now recognized as part of several intersecting domains of international human rights law viz. the right to health, right to privacy, right to equality and non-discrimination and the...
by AIP Online Bureau | May 23, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology
“In UP, around 10 crore Jan Dhan accounts were opened and a majority of these were citizens, who had never used banking services. A major reason behind this was higher costs. With IT integration and online transactions, the cost was brought down to Rs 50 from Rs...
by AIP Online Bureau | May 23, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Regulation, Risk Management, Technology
“In order to further ease the process for the convenience of customers, the instructions regarding updation/periodic updation of KYC are being amended with the intent , inter alia, to allow BCs to facilitate in the process of KYC and KYC updation,” he...
by AIP Online Bureau | May 22, 2025 | Indian News, Life, Technology
Naveen Tahilyani Earlier, Prudential plc had announced its plan to establish a joint venture with Vama Sundari Investments (Delhi) Private Limited (Vama), an HCL Group’s Promoter Company, for an Indian standalone health insurance company London: UK major...
by AIP Online Bureau | May 22, 2025 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
“The availability of diverse investment products, such as mutual funds, exchange traded funds (ETFs), portfolio management services (PMS), REITs, InVITs, AIFs, plain vanilla debentures, market linked debentures, etc, allows investors to build diversified...
