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Niva Bupa Health Insurance files draft prospectus with Sebi for a Rs 3,000 crore IPO

Niva Bupa Health Insurance files draft prospectus with Sebi for a Rs 3,000 crore IPO

by AIP Online Bureau | Jul 2, 2024 | Health, Indian News, Non-Life, Wealth Management/ Philanthropy

The IPO with a face value of Rs 10 each is a mix of fresh issuance of Rs 800 crore and an offer for sale of up to Rs 2,200 crore by promoter and investor selling shareholders.The offer for sale consists of up to Rs 320 crore by Bupa Singapore Holdings Pte. Ltd., and...

Beryl makes landfall as Category 4 hurricane on island near Grenada

by AIP Online Bureau | Jul 1, 2024 | Eco/Invest/Demography, International News, Risk Management

“This is an extremely dangerous and life-threatening situation,” the US National Hurricane Center said. Experts say that such a powerful storm forming this early in the Atlantic hurricane season — which runs from early June to late November —...

Cyber insurance premiums falling globally, businesses become more adept in curbing their losses, Howden Report

by AIP Online Bureau | Jul 1, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

Business interruption is usually the biggest cost following a cyber-attack, but businesses are able to reduce those costs with better back-up systems, such as through the use of cloud providers, the report said Cyber insurance premiums are falling globally as...

Experts expect AB-PMJAY revamp and larger health budget during Modi 3.0

by AIP Online Bureau | Jul 1, 2024 | Eco/Invest/Demography, Features, Health

“Increased healthcare spending, coupled with initiatives like AB-PMJAY, can benefit both the public and private sectors, albeit requiring adjustments in pricing structures. Addressing the shortage of healthcare staff and providing regulatory relief, particularly in...

Doctors face high burnout, must set clear boundaries for work & personal life

by AIP Online Bureau | Jul 1, 2024 | Features, Health, Workplace/Employee Benefits

“As doctors, we are so preoccupied with patients’ health that we tend to often neglect ourselves. Long and erratic work schedules and the enormity of taking responsibility for the lives of others are taxing. We should prioritise our health first,” Dr Tushar...
Narayana Health launches its first cover Aditi

Narayana Health launches its first cover Aditi

by AIP Online Bureau | Jul 1, 2024 | Health, Indian News, Non-Life

With an annual premium of Rs 10,000, Aditi,’ aims to cover a family of four.The insurance product is designed to ensure accessibility, with coverage of up to Rs 5 lakh for treatments and Rs 1 crore for surgeries, markedly lower than traditional insurance rates...
ICICI Lombard launches new health insurance product powered with AI

ICICI Lombard launches new health insurance product powered with AI

by AIP Online Bureau | Jul 1, 2024 | Health, Indian News, Non-Life, Technology

Mumbai: ICICI Lombard General Insurance has launched health insurance product, ‘Elevate’. Powered with AI the first-of-its-kind health product is loaded with cutting-edge features and add-ons, offering personalised solutions to meet the needs of dynamic lifestyle,...
Heat-dome: Indian Temperatures Beyond the Heatwave?

Heat-dome: Indian Temperatures Beyond the Heatwave?

by AIP Online Bureau | Jul 1, 2024 | Articles, Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Health, Workplace/Employee Benefits

Robert Muir-Wood,Chief Research Officer, Moody’s RMS Mitigation is the only route to relieve the heat stress, and countries that are used to the heat benefit from previous experience and may have the infrastructure – from building design to designated cooling centers,...
LIC chairman Mohanty re-designated as CEO and MD

LIC chairman Mohanty re-designated as CEO and MD

by AIP Online Bureau | Jul 1, 2024 | Indian News, Life

Siddhartha Mohanty, chief executive officer and managing director, Life Insurance Corporation The Ministry of Finance will appoint a non-executive chairman afterwards. Besides Mohanty, there are currently four other MDs in LIC Mumbai: On the basis of earlier...
Embarking ESG: Changing Investment Paradigm

Embarking ESG: Changing Investment Paradigm

by AIP Online Bureau | Jun 30, 2024 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Risk Management

While the integration of ESG in the life insurance sector presents numerous opportunities, it also comes with challenges. The primary challenge lies in the lack of standardized ESG data and ratings, which can lead to inconsistencies and difficulties in comparison S P...
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