by AIP Online Bureau | Sep 2, 2024 | Data, Intermediaries, Regulation, Risk Management
Rs 455 crore deal had got stuck for over 18 months as the IRDA had refused give its approvals in the absence of certain key information about the transaction Mumbai: Allowing the entry of private equities(PEs) in the insurance broking sector, after almost 18 months...
by AIP Online Bureau | Sep 2, 2024 | Health, Indian News, Intermediaries, Life, Non-Life, Regulation, Technology
Prasun Sikdar,MD & CEO designate, Bima Sugam India Federation Sources point out that a formal decision to appoint Sikdar, who is already a board member of the Bima Sugam India Federation, as the CEO of the company has been taken by the IRDAI in consultation with...
by AIP Online Bureau | Sep 2, 2024 | Eco/Invest/Demography, Facts, Policy, Risk Management, Wealth Management/ Philanthropy
V Anantha Nageswaran, Chief Economic Advisor “Unprecedented levels of public and private sector debt, some visible to regulators and some not, economic growth dependent on continued increase in asset prices to offset the leverage that have built up and hence a...
by AIP Online Bureau | Sep 2, 2024 | Data, Eco/Invest/Demography, Health
“The financial strain on families affected by Hunter’s Disease is immense. By roofing the patients under our existing policy, we can foster better treatment coverage and significantly improve their quality of life,” Saurabh Singh, Co-founder and Director...
by AIP Online Bureau | Sep 1, 2024 | Indian News, Non-Life, Policy, Risk Management, Technology
To the consternation of the general insurers, who do motor business, the Ministry of Road Transport and Highways had issued a directive under Motor Vehicle Accident Fund scheme saying that the insurers have to even fund the cashless medical care of victims of...
by AIP Online Bureau | Sep 1, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
In August, FPIs invested Rs 7,320 crore in equity compared to Rs 32,365 crore in July. They infused more than 11,366 crore in the Indian debt market, pushing the net inflow tally in the debt segment to more than the Rs 1 lakh crore mark in 2024 to date, according to...
by AIP Online Bureau | Sep 1, 2024 | Indian News, Policy, Risk Management, Technology, Workplace/Employee Benefits
Annapurna Devi, Union Ministrer, Ministry of Women and Child Development All women facing sexual harassment in the workplace, irrespective of being in organised or unorganised, private or public sector, can register a complaint and track it using the portal. Once...
by AIP Online Bureau | Sep 1, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life, Workplace/Employee Benefits
Department of Financial Services (DFS) has issued an advisory that there are no restrictions for persons of the queer community to open a joint bank account and also to nominate a person in queer relationship as a nominee to receive the balance in the account, in the...
by AIP Online Bureau | Sep 1, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Pension & Social Security, Policy, Regulation, Workplace/Employee Benefits
“Our government is fully committed to the well-being of gig and platform workers, who form a crucial part of our workforce. We are working on a comprehensive strategy to provide them with the social security they deserve.An online window will be made available...
by AIP Online Bureau | Sep 1, 2024 | Banking & Bancassurance, Health, Indian News, Life, Non-Life, Regulation
According to sources, lenders claimed that IIHL’s move to seek approval from the Department of Industrial Policy and Promotion (DIPP) is an afterthought. It was not even a part of conditions set out by the NCLT while approving the resolution plan on February 27,...
