by AIP Online Bureau | Aug 25, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Banks have traditionally dominated the organized gold loan market, holding over 75 percent of the market share. Nearly 80 percent of these are given for agricultural gold loans. In contrast, NBFCs have focused on retail gold loans against jewelry, with their share...
by AIP Online Bureau | Aug 25, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Reinsurance
Participants in “Insurance for All” Vision Meet, hosted by insurance councils over two days on August 23rd and 24th, 2024, in Mumbai, explored the necessity of diversifying insurance products and providers to better reflect the diverse demographics of...
by AIP Online Bureau | Aug 25, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Technology
Jamie Dimon, CEO, JPMorgan Chase Banks are also feeling the heat from fintech companies like PayPal, Stripe, and Venmo. Jamie Dimon, CEO of JPMorgan Chase, has called these fintechs “enormous competitive threats” to traditional banking New Delhi: 78...
by AIP Online Bureau | Aug 25, 2024 | Indian News, Pension & Social Security, Policy, Wealth Management/ Philanthropy, Workplace/Employee Benefits
Government says the Unified pension scheme has the advantages of the previous old pension scheme and features of the new pension scheme. The UPS has provisions for a fixed pension amount, a guaranteed and predetermined sum of money that a retiree will receive...
by AIP Online Bureau | Aug 25, 2024 | Articles, Eco/Invest/Demography, Non-Life, Technology, Workplace/Employee Benefits
“To optimize their capabilities and sharpen their customer value proposition, InsurTech firms are exploring innovations across three areas, namely in technology, such as using AI for dynamic pricing and claims management; in product so as to serve emerging, new...
by AIP Online Bureau | Aug 25, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy
Additional Chief Secretary of the Health Department Shubhra Singh said that due to continuous improvement in health services and availability of treatment at reasonable rates, the possibilities of medical tourism in the state have developed rapidly. Through policy...
by AIP Online Bureau | Aug 24, 2024 | Breaking News!, Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Workplace/Employee Benefits
Ashwini Vaishnaw, Union Information and Broadcasting Minister While announcing the details of the scheme, Ashwini Vaishnaw, Union Information and Broadcasting Minister said, “Today the Union Cabinet has approved Unified Pension Scheme(UPS) for government...
by AIP Online Bureau | Aug 24, 2024 | Indian News, Non-Life, Reinsurance, Technology
Shivraj Singh Chouhan ,Union Agriculture Minister On August 22, the Department of Agriculture and Farmers Welfare held a meeting of the National Technical Advisory Committee (TAC). The committee rejected the insurance company’s objections to crop-cutting...
by AIP Online Bureau | Aug 24, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
Relief Commissioner Namratha Thapa said to mitigate the risk of glacial lake outburst floods in future, the government has established a technical committee tasked with reviewing the current status of glacial lakes in the state Gangtok: A multi-disciplinary team will...
by AIP Online Bureau | Aug 24, 2024 | Eco/Invest/Demography, Facts, Workplace/Employee Benefits
The report found that 73 per cent of women interviewed said equal opportunities exist for both men and women in employment and leadership positions, and 79 per cent of men agreed that both genders get equal chances at workplaces Fewer flexible work options, work-life...
