by AIP Online Bureau | Jul 24, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“We expect claims will be mostly within the retentions of primary insurers,” said Fitch Cyber risk remains difficult for insurers to assess due to the dynamic root causes of claims. Challenges include a lack of effective, widely accepted modeling tools and...
by AIP Online Bureau | Jul 23, 2024 | Health, Indian News, Life, Non-Life, Policy
The introduction of a clause pertaining to non-deductible expenses in Section 37 for life insurance companies may lead to tax litigation. The proposed hike in Capital Gain Tax is expected to impact the tax liabilities for ULIP policyholders Rushabh Gandhi, MD &...
by AIP Online Bureau | Jul 23, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Regulation
Shailaja Lall, Partner, Insurance & Reinsurance, Shardul Amarchand Mangaldas & Co, commented the budget has announced that there will be some simplification of the rules and regulations pertaining to FDI, which will be keenly awaited by foreign investors in...
by AIP Online Bureau | Jul 23, 2024 | Indian News, Life
Anup Bagchi, Managing Director and Chief Executive , ICICI Pru Life The company said it registered nearly an 8 per cent growth in the value of new business (VNB) to Rs 472 crore and the VNB margin stood at 24 per cent Mumbai: ICICI Prudential Life Insurance on Tuesday...
by AIP Online Bureau | Jul 23, 2024 | Health, Indian News, Intermediaries, Regulation
Rashmi Saluja, non-executive chairperson cum director, Care Health Insurance The issuance of stock options of Care Health Insurance to Rashmi Saluja in her capacity as the chairperson of Raligare Enterprises Ltd(REL), the holding company Care Health Insurance, is in...
by AIP Online Bureau | Jul 23, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology
Generative AI has rapidly evolved in recent years and the “technological inflection points” could introduce new means of competing, catalyzing opportunity, innovation and growth, the statement said Regulators in the United States, European Union and...
by AIP Online Bureau | Jul 23, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
“The launch of NPS-Vatsalya, allowing parents and guardians to contribute towards minors’ future, is a transformative step. This plan seamlessly converts into a regular NPS account once the minor becomes an adult. Thank you, PM Modi, for your visionary...
by AIP Online Bureau | Jul 23, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
Deduction of this expenditure up to 14 per cent of salary from the income of employees in private sector, public sector banks and undertakings, opting for the new tax regime, is proposed to be provided New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said a...
by AIP Online Bureau | Jul 23, 2024 | Eco/Invest/Demography, Indian News, Technology, Workplace/Employee Benefits
While previously the angel tax — a tax levied on capital received on the sale of shares of a startup above the fair market value — applied only to local investors, the Budget for the 2023-24 fiscal year (April 2023 to March 2024) widened its ambit to...
by AIP Online Bureau | Jul 23, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Policy, Risk Management
Assam, which grapples with annual floods caused by the Brahmaputra and its tributaries originating outside India, will also receive assistance for flood management and related projects, Finance Minister Nirmala Sitharaman said New Delhi: Finance Minister Nirmala...
