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Protection Gap: Rising life insurance demands from Urban India, says Max Life Study

Protection Gap: Rising life insurance demands from Urban India, says Max Life Study

by AIP Online Bureau | Feb 13, 2024 | Articles, Eco/Invest/Demography, Health, Risk Management

-Max Life’s India’s Protection Quotient (IPQ) reveals that 3 in 4 urban Indians now own life insurance, -Higher importance being ascribed to Cover and Riders while buying Term Life Insurance, -The South Zone most financially prepared; West India has the highest...
IMA and Hospital Board of India raise concerns over newly launched `Cashless Everywhere’ scheme

IMA and Hospital Board of India raise concerns over newly launched `Cashless Everywhere’ scheme

by AIP Online Bureau | Feb 13, 2024 | Eco/Invest/Demography, Health, Indian News

The `Cashless Everyehere’ initiative has been rolled out without adequately addressing the concerns raised by the Indian Medical Association and Hospital Board of India. There is an absence of clear guidelines and procedures governing the implementation of the...
Underwrite disruptions to improve market penetration: IRDAI chief to insurers

Underwrite disruptions to improve market penetration: IRDAI chief to insurers

by AIP Online Bureau | Feb 13, 2024 | Indian News, Life, Non-Life, Regulation, Risk Management

Debasish Panda,chairman, IRDAI “There is a need to come out of the traditional and conventional roles and embrace dynamism and agility and also there is a need to see the sector from a different lens,” IRDAI’s chief Debasish Panda said, acknowledging...
EU to probe TikTok faces over risks to minors, may pay hefty fines

EU to probe TikTok faces over risks to minors, may pay hefty fines

by AIP Online Bureau | Feb 12, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

The bloc singled out 19 online platforms and search engines last year as large entities worthy of scrutiny and has been quizzing them for information. That includes X, Meta Platforms Inc., Alphabet Inc. and others with more than 45 million monthly active users in...
Gallagher appoints Sneha Gokarn as its new CEO for India

Gallagher appoints Sneha Gokarn as its new CEO for India

by AIP Online Bureau | Feb 12, 2024 | Indian News, Intermediaries, Non-Life, Regulation, Reinsurance

Sneha Gokarn, CEO and principal officer of Gallagher, India “Sneha, who has been a board member and executive director of our business a number of years has extensive experience in both the Indian insurance market and Gallagher, and we are delighted Sneha will...
AIIMS Delhi moves to cashless system with introduction of digital patient care card service

AIIMS Delhi moves to cashless system with introduction of digital patient care card service

by AIP Online Bureau | Feb 12, 2024 | Health, Indian News, Technology

Calling it a significant step for digital India, the Health Minister stated that this initiative marks the first move towards “One Nation, One AIIMS, One Card.” “AIIMS Smart Payment Card will resolve the long-pending issue of patients from far-flung...

Mahindra Finance & IBM collaborate to drive financial inclusion with Super App

by AIP Online Bureau | Feb 12, 2024 | Eco/Invest/Demography, Indian News, Intermediaries, Technology

This app will be housing Mahindra Finance’s various vehicle and non-vehicle lending businesses, including personal loans, enterprise loans, mortgage loans, leasing solutions, payments, fixed deposits, insurance solutions, and other investment & wealth management...

Marine insurers continue to support trade in the Red Sea & Black Sea

by AIP Online Bureau | Feb 12, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The impact on Suez Canal transits and global supply chains are significant but this has not affected the ability of the marine insurance market to provide adequate cover – both for Red Sea/Suez Canal transits or for the longer route around the Cape of Good Hope,...

JN.1 Covid variant has increased transmissibility, immune escape: Study

by AIP Online Bureau | Feb 12, 2024 | Data, Eco/Invest/Demography, Health

The researchers found that the reproductive number of JN.1 was found to surpass that of its counterparts in the three countries studied, suggesting a potential global dominance in the near future The JN.1 variant of the SARS-CoV-2 virus not only spreads easily but...
DGCA takes necessary steps to prevent runway incursions following Haneda airport incident

DGCA takes necessary steps to prevent runway incursions following Haneda airport incident

by AIP Online Bureau | Feb 12, 2024 | Indian News, Regulation, Risk Management

Apart from establishing a runway safety team at all aerodromes and ensuring their effective functioning, the regulator has emphasised on comprehensive training for pilots, air traffic controllers, aircraft maintenance engineers, and drivers operating inside an airport...
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