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SBI Life Insurance reports a 71% rise in net profit at Rs 551 crore for Q3FY25

SBI Life Insurance reports a 71% rise in net profit at Rs 551 crore for Q3FY25

by AIP Online Bureau | Jan 17, 2025 | Indian News, Life

SBI Life’s expense of management increased during the quarter to Rs 2,417 crore as compared to Rs 2,188 crore in the third quarter of the previous fiscal Mumbai: SBI Life Insurance on Friday reported a 71 per cent rise in net profit at Rs 551 crore for the third...
SC reconstitutes Gender Sensitisation and Internal Complaints Committee

SC reconstitutes Gender Sensitisation and Internal Complaints Committee

by AIP Online Bureau | Jan 17, 2025 | Data, Eco/Invest/Demography, Workplace/Employee Benefits

The GSICC is tasked with addressing issues related to gender sensitivity within the judiciary. Its functions include the evaluation of complaints and the implementation of policies designed to ensure a safe and respectful working environment for all court employees,...
SC stays order asking Delhi govt to sign MoU over Centre’s health scheme

SC stays order asking Delhi govt to sign MoU over Centre’s health scheme

by AIP Online Bureau | Jan 17, 2025 | Eco/Invest/Demography, Health, Indian News, Policy

In its order passed on December 24 last year, the high court referred to the minutes of the meeting held in December 2024 and noted the PM-ABHIM would have to be implemented in its entirety to ensure Delhi residents were not deprived of the funds and facilities under...
Maharashtra to set up Innovation City on lines of GIFT City: CM Fadnavis

Maharashtra to set up Innovation City on lines of GIFT City: CM Fadnavis

by AIP Online Bureau | Jan 17, 2025 | Eco/Invest/Demography, Indian News, Technology

Chief Minister Devendra Fadnavis said this initiative would create a hub for technology and innovation, providing fertile ground for start-ups, particularly in emerging areas such as artificial intelligence (AI). Mumbai: Chief Minister Devendra Fadnavis on Thursday...
CoreLogic estimates California wildfire insured losses at $35 to $45 billion

CoreLogic estimates California wildfire insured losses at $35 to $45 billion

by AIP Online Bureau | Jan 17, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

This analysis of both residential and commercial properties accounts for both fire and smoke damage as well as demand surge, debris removal, clean up and Additional Living Expenses (ALE). The majority of losses are to residential properties. Many of the potentially...

Family of former Leicester owner files $2.6 billion fatal accident claim after helicopter crash

by AIP Online Bureau | Jan 16, 2025 | International News, Non-Life, Reinsurance, Technology

“My father trusted Leonardo when he bought that helicopter but the conclusions of the report into his death show that his trust was fatally misplaced,” said Aiyawatt, who succeed Vichai as chairman of Leicester. “I hold them wholly responsible for his death.” The...
Country can’t afford to take cyber security resources from even friendly country: IT Secretary

Country can’t afford to take cyber security resources from even friendly country: IT Secretary

by AIP Online Bureau | Jan 16, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology

“There is a crucial story, especially in something like cyber security. The crucial story is that you have to have an independent resource within the country. You can’t afford not to have it. This is not something where you can actually take it from other...
Make faulty road construction non-bailable offence: Gadkari

Make faulty road construction non-bailable offence: Gadkari

by AIP Online Bureau | Jan 16, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy

According to the minister, the ministry data of road accidents in 2023 shows five lakh mishaps in the country resulting in 1,72,000 deaths. “Of this, 66.4 per cent, or 1,14,000, were in the 18-45 years age bracket while 10,000 deaths were of children,”...

AM Best maintains stable outlook on India’s non-life insurance segment

by AIP Online Bureau | Jan 16, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Technology

“We expect that India’s non-life premium growth will be bolstered over the medium term by the country’s economic development, rising insurance demand, and regulatory initiatives which are designed to increase insurance penetration and promote financial inclusion,”...
Wish to bring as many Indians into market ecosystem to help in wealth creation: Buch

Wish to bring as many Indians into market ecosystem to help in wealth creation: Buch

by AIP Online Bureau | Jan 16, 2025 | Indian News, Regulation, Technology, Wealth Management/ Philanthropy

“‘… a system that is efficient but is exclusive does not serve the nation. We wish for our market ecosystem to be inclusive and to bring as many citizens of the country into the fold and into the opportunity of wealth creation for our nation,” Sebi...
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