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ULIPs should not be advertised as ‘investment products’, says IRDAI

ULIPs should not be advertised as ‘investment products’, says IRDAI

by AIP Online Bureau | Jun 21, 2024 | Eco/Invest/Demography, Indian News, Life, Regulation, Wealth Management/ Philanthropy

Insurers will have to specifically state that market-linked insurance plans are different from traditional endowment policies and carry risks New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has issued a master circular barring the...
ADB sanctions $170 mn loan to strengthen India’s health system for future pandemic preparedness

ADB sanctions $170 mn loan to strengthen India’s health system for future pandemic preparedness

by AIP Online Bureau | Jun 21, 2024 | Workplace/Employee Benefits

“This policy-based loan will help fill the gaps in policy, legislative, and institutional governance and structures and contribute to India’s goal of providing universal access to quality and affordable health care services to strengthen pandemic preparedness and...

India stems wealth exodus amid robust economic development: Report

by AIP Online Bureau | Jun 21, 2024 | Data, Eco/Invest/Demography, Policy

India increased the number of millionaires in the country by 85 per cent in the last decade. With 326,400 HNWIs, India ranks 10th in the world regarding the number of millionaires. New Delhi: Buoyed by overall economic development, India has stemmed its wealth exodus,...
AIC’s net profit grows 20% to Rs 904 cr in FY24

AIC’s net profit grows 20% to Rs 904 cr in FY24

by AIP Online Bureau | Jun 19, 2024 | Indian News, Non-Life, Reinsurance

`For FY 25, the company is targeting to grow its premium income in a single digit of around 5 per cent to 8 per cent. With continued efforts on claim management initiatives, the company is confident of maintaining the healthy claims ratio and confident of making the...
AIC’s net profit grows 20% to Rs 904 cr in FY24

Girija Subramanian takes over as CMD of New India Assurance

by AIP Online Bureau | Jun 19, 2024 | Indian News, Non-Life, Policy

Girija Subramanian, CMD, New India Assurance This is also for the first time a serving CMD of a state owned insurance company had appeared for the interview for selecting a CMD of another PSU insurer New Delhi: Girija Subramanian, 58, CMD, Agriculture Insurance...
Ozempic frenzy lures rich Indians to brave the gray market

Ozempic frenzy lures rich Indians to brave the gray market

by AIP Online Bureau | Jun 19, 2024 | Eco/Invest/Demography, Health, Indian News, Risk Management, Technology

India had the third largest number of people with obesity as of 2022, behind China and the US, according to a study in The Lancet, with numbers surging as junk food consumption becomes more commonplace. The country has about 80 million obese and 225 million overweight...

Allianz Partners India receives patent for 2-Wheeler mobile charger

by AIP Online Bureau | Jun 19, 2024 | Data, Technology

This state-of-the-art device reflects the company’s dedication to meeting the emergent demands of customers and adapting to the technological advances shaping the market. The 2.5 kw AC mobile charging system, including a battery pack and inverter, delivers 230V...

India Inc raises concerns over draft Digital Competition Bill

by AIP Online Bureau | Jun 19, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

“The bill will impact various sectors and domains of the digital economy, including user experience, data protection and security, supply chains, investments, business costs for MSMEs and consumer affordability. It is also likely to impact non-digital domains,...
Zurich acquires 70% of Kotak General Insurance

Zurich acquires 70% of Kotak General Insurance

by AIP Online Bureau | Jun 19, 2024 | Indian News, Non-Life, Policy, Regulation

The acquisition of Kotak General Insurance sets the way forward for Zurich to be a leading player in a very significant growth market – India. This is a key strategic step for Zurich,” said Tulsi Naidu, CEO – Asia Pacific, Zurich Insurance Group Mumbai: Zurich...

J&J talc users want cancer checks for women even if it cost billions

by AIP Online Bureau | Jun 18, 2024 | Eco/Invest/Demography, Health, International News

The suit is the latest salvo in the ongoing legal battle between J&J and former talc users, who allege the world’s largest maker of health-care products hid the cancer risks of its iconic baby powder for almost half a century. J&J is seeking the backing from...
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