by AIP Online Bureau | Aug 8, 2024 | Indian News, Non-Life
Lavanya Mundayur, general manager and chief underwriting officer, New India Assurance Mundayur is the youngest general manger in the PSU general insurance industry and will retire in May 2029 New Delhi: The Financial Services Institutions Bureau(FSIB) has selected...
by AIP Online Bureau | Aug 8, 2024 | Health, Indian News, Life
Siddarth Mohanty, MD& CEO, LIC, said the work has already started for finding a suitable buy in the health insurance space and the corporation is waiting for the change of regulations by the government to facilitate composite licenses in the Indian insurance...
by AIP Online Bureau | Aug 8, 2024 | Indian News, Life, Pension & Social Security
Siddhartha Mohanty, CEO & MD, LIC Siddhartha Mohanty, CEO & MD, LIC, said, “The momentum around increasing share of non par products within individual segment continues and our non par share, on an APE basis, within the individual business has increased to...
by AIP Online Bureau | Aug 8, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology, Wealth Management/ Philanthropy, Workplace/Employee Benefits
Alternative investment avenues are becoming more attractive to retail customers and as a result banks are facing challenges on the funding front with deposits trailing loan growth,RBI Governor Shaktikanta Das Referring to the recent incidence of unprecedented IT...
by AIP Online Bureau | Aug 8, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology, Workplace/Employee Benefits
Shaktikanta Das,Governor,RBI “This means that cheques will be cleared within a few hours on the day of presentation. This will speed up cheque payments and benefit both the payer and the payee,” the RBI governor said Mumbai: The RBI aims to reduce the clearing time...
by AIP Online Bureau | Aug 8, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy
Shaktikanta Das, Governor, Reserve Bank of India Resilient and steady economic growth in India is allowing the central bank to focus on bringing inflation down towards its 4% medium term target, said RBI Governor Shaktikanta Das, emphasising that price stability is...
by AIP Online Bureau | Aug 8, 2024 | Briefs, Eco/Invest/Demography, Life
IndiaFirst Life Insurance Company (IndiaFirst Life) announced its selection as one of the life insurers for NABFINS, a subsidiary of the National Bank for Agriculture and Rural Development (NABARD) to provide Group Credit Life Micro Insurance cover for NABFINS’...
by AIP Online Bureau | Aug 8, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy
Rajiv Ranjan Singh,Union Minister for Fisheries, Animal Husbandry & Dairying Union Minister Rajiv Ranjan Singh informed the Rajya Sabha that the insurance coverage provided under the Group Accidental Insurance Scheme (GAIS) includes Rs 5,00,000 against death or...
by AIP Online Bureau | Aug 8, 2024 | Banking & Bancassurance, Briefs, Non-Life
Chola MS General Insurance has announced a strategic partnership with Mahindra Finance, one of India’s leading Non-Banking Finance Companies.This collaboration will provide motor and other non-life insurance solutions to over 10 million customers of Mahindra...
by AIP Online Bureau | Aug 7, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Policy
“Taking into consideration the fact situation, we are of the view that now time has come to deal with the problem of waterlogging/flooding in the Guwahati city and the State is required to take steps for resolving this problem permanently,” the court said....
