by AIP Online Bureau | Sep 3, 2024 | Indian News, Non-Life, Policy
Earlier, the General Insurance Council (GI Council), the official representative body of the Indian general insurers consisting of private sector and PSU general insurers, has sued the Ministry of Road Transport and Highways (MoRTH) in Delhi High Court for asking the...
by AIP Online Bureau | Sep 3, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Reinsurance, Wealth Management/ Philanthropy
“Retail investors and GIC employees can bid on Thursday. The government will divest 3.39 per cent equity with an additional 3.39 per cent as green shoe option,” Secretary, Department of Investment and Public Asset Management, posted on social media platform X ...
by AIP Online Bureau | Sep 3, 2024 | Indian News, Non-Life
Srinivas Injeti Srinivas Injeti, former secretary of ministry of corporate affairs and former chairman of International Financial Services Centres Authority(IFSCA), has been appointed as chairman of Zurich Kotak General Insurance, with D Sundaram and Ravi Venkataraman...
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...
