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Govt extends PMFSBY and RWBCIC till FY25-26, sets up Rs 824.77 crore technology fund for crop claim settlement

Govt extends PMFSBY and RWBCIC till FY25-26, sets up Rs 824.77 crore technology fund for crop claim settlement

by AIP Online Bureau | Jan 1, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance, Technology

Prime Minister Narendra Modi For large scale technology infusion in implementation of the scheme leading to increasing transparency and claim calculation and settlement, the Union Cabinet has also approved creation of Fund for Innovation and Technology (FIAT) with a...
2024 Insurance Amendment Bill: Ushering in a New Era in Indian Insurance

2024 Insurance Amendment Bill: Ushering in a New Era in Indian Insurance

by AIP Online Bureau | Dec 31, 2024 | Articles, Eco/Invest/Demography, Non-Life, Policy, Regulation, Reinsurance

Shailaja Lall & Shivangi Talwarer Some clarity has been provided on ‘services related or incidental to insurance business’ under the 2024 Amendment Bill which includes carrying on and transacting guarantee and indemnity business, managing, selling and realising...
Sebi issues clarification on cybersecurity norms, offers compliance extensions

Sebi issues clarification on cybersecurity norms, offers compliance extensions

by AIP Online Bureau | Dec 31, 2024 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Workplace/Employee Benefits

The framework is designed to ensure that Sebi-regulated entities (REs) maintain robust cybersecurity posture, remain equipped with adequate cyber resiliency measures and can withstand, respond to, and recover from cyber threats, effectively New Delhi: Sebi on Tuesday...

Year ender: Mutual fund industry’s AUM surges over 500 pc in a decade

by AIP Online Bureau | Dec 31, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Rural and semi-urban areas now account for 50 per cent of the total SIP accounts in the country. Meanwhile, AUM growth in B-30 (Beyond 30 cities) outpaced the top-30 cities during this period. New Delhi: Indian mutual fund industry’s assets under management (AUM) saw...

20th SIRC-Revolutionise(Re)Insurance

by AIP Online Bureau | Dec 31, 2024 | Features, Non-Life, Reinsurance

After Monte Carlo Rendez-Vous de Septembre and Baden Baden Reinsurance Meet, the global reinsurance industry has gathered in Singapore for 20th SIRC ,in the 1st week of November, to prepare itself for the Jan 1 renewals. Asia Insurance Post had prepared a special...

by AIP Online Bureau | Dec 31, 2024 | Workplace/Employee Benefits

SIRC-FDownload...
Beijing to boost driverless vehicle use, regulations to kick in from Apr 1

Beijing to boost driverless vehicle use, regulations to kick in from Apr 1

by AIP Online Bureau | Dec 31, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

Autonomous vehicles that pass road testing and safety assessments will be allowed to apply for road trials.Chinese authorities have been aggressively greenlighting trials for self-driving technology with at least 19 cities conducting robotaxi and robobus tests...

China’s 2024 GDP growth set to hit target of around 5%, says Xi Jinping

by AIP Online Bureau | Dec 31, 2024 | Eco/Invest/Demography, International News, Policy

China is expected to set a 2025 growth target roughly similar to this year’s, as top leaders signaled earlier this month they’re willing to embrace more forceful stimulus measures. That would help the economy counter any impact from potential increases in US tariffs...

Ex-cop, PSU staffer among 5 men handed jail term in 2003 bogus insurance claims case

by AIP Online Bureau | Dec 31, 2024 | Indian News, Non-Life

During investigation, it was revealed that public servants entered into a criminal conspiracy and colluded with private persons and sanctioned insurance claims based on forged documents, thus causing loss to the New India Assurance, said the agency Ahmedabad: A...

Wayanad landslide declared as ‘disaster of severe nature’

by AIP Online Bureau | Dec 31, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Policy

“Keeping in view the intensity and magnitude of the Meppadi landslide disaster in Wayanad district, it has been considered by the Inter-Ministerial Central Team as a disaster of severe nature for all practical purposes,” a communication to the Kerala...
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