by AIP Online Bureau | Nov 29, 2024 | Eco/Invest/Demography, Indian News, Policy
Nitin Gadkari, Union Minister for Road Transport and Highways To ease the economic burden on citizens, especially low-income groups, incentives are provided for scrapping vehicles. These include waiving registration fees for new vehicles purchased with a...
by AIP Online Bureau | Nov 29, 2024 | Eco/Invest/Demography, Health, Indian News, Intermediaries, Life, Non-Life, Policy, Reinsurance
Insurers to be allowed to do certain other business, in addition to insurance business, enabling additional stream of revenue for insurers – like carrying of guarantee or indemnity business, managing and selling property possessed by company in satisfaction of...
by AIP Online Bureau | Nov 29, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
This revelation comes amidst widespread outrage in Kerala following reports that nearly 1,500 government employees, including gazetted officers and college professors, had fraudulently claimed social security pensions Thiruvananthapuram: An audit conducted by the...
by AIP Online Bureau | Nov 29, 2024 | Eco/Invest/Demography, International News, Policy, Risk Management, Technology
The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent children younger than 16 from holding accounts Canberra: With bipartisan...
by AIP Online Bureau | Nov 28, 2024 | Indian News, Life, Non-Life, Policy, Regulation
According to an office memorandum dated November 26, 2024, it is proposed to amend certain provisions of insurance laws to ensure accessibility and affordability of insurance to citizens, foster expansion and development of the insurance industry, and streamline...
by AIP Online Bureau | Nov 28, 2024 | Indian News, Non-Life, Policy
M Nagaraju, after becoming the DFS secretary, held his first review meeting with the four state owned general insurance companies in New Delhi on Tuesday New Delhi: M. Nagaraju, secretary, Department of Financial Services (DFS), has asked the four state owned general...
by AIP Online Bureau | Nov 28, 2024 | Data, Non-Life, Policy
Responding to questions regarding the number of victims who had availed of insurance through e-tickets, Railways Minister Ashwini Vaishnaw said 22 claims were registered under the Optional Travel Insurance Scheme during the period from November 1, 2019, to October 31,...
by AIP Online Bureau | Nov 28, 2024 | Health, Indian News, Policy
A bench of Chief Justice Manmohan and Justice Tushar Rao Gedela said it was “strange” that the Delhi government was not accepting Centre’s aid when there was “no money” with it for its healthcare system New Delhi: The Delhi High Court on...
by AIP Online Bureau | Nov 28, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Risk Management
In recent weeks, four strong typhoons impacted the Philippines one after the other, highlighting the country’s vulnerability to increased frequency and intensity of extreme weather events. Economic damages from climate-related disasters could be as high as 7.6% of...
by AIP Online Bureau | Nov 27, 2024 | Health, Indian News, Policy
According to sources in the insurance industry, LIC’s choice of Manipal Cigna is purely on the basis of cheaper valuation among the old stand alone health insurance companies New Delhi: Life insurance behemoth Life Insurance Corporation (LIC) is considering...
