by AIP Online Bureau | Feb 7, 2024 | Disaster & Management, Eco/Invest/Demography, Policy, Regulation, Risk Management
The move was also spurred by the row with AstraZeneca in 2021 over delays in delivering COVID-19 vaccine doses to the 27-country European Union EU countries and lawmakers on Feb 1 agreed to rules which will require Europe-based companies to prioritize production of...
by AIP Online Bureau | Feb 7, 2024 | Banking & Bancassurance, International News, Regulation, Risk Management, Technology
Piyush Gupta,Chief Executive Officer, DBS Bank’ Last year’s outages at DBS that saw payment and ATM transactions stalled across the city-state also resulted in the variable compensation for the group management committee collectively cut by 21 per cent from a year...
by AIP Online Bureau | Feb 7, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Reinsurance, Risk Management
This may require a specialized insurance business to be set up by one of the PSU general insurance companies with subsidized premiums for disaster-prone areas, the panel said The government may need to consider how to provide insurance for projects that have to deal...
by AIP Online Bureau | Feb 6, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation
Jayant Sinha, chairman, Parliamentary Standing Committee on Finance The Committee is in favour of allowing composite licensing that could provide further impetus to the insurance sector owing to its various benefits New Delhi: The Parliamentary Standing Committee on...
by AIP Online Bureau | Feb 6, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Minister of State for Finance Pankaj Chaudhary further said the total number of individuals who reported income from ’Profession’ in AY 2023-24 stood at 12,218, up from 10,528 reported in AY 2022-23 New Delhi: The number of people earning above ₹1 crore annually has...
by AIP Online Bureau | Feb 6, 2024 | Banking & Bancassurance, Indian News, Life, Regulation
Last year in August, the company announced a capital infusion by Axis Bank by issuance of 14.25 crore equity shares to help Max Life to support its future growth ambitions, augment its capital position and improve solvency margins NEW DELHI: Max Financial Services,...
by AIP Online Bureau | Feb 6, 2024 | Indian News, Non-Life, Reinsurance
In November last year, the Switzerland-based Zurich Insurance Group had agreed to acquire a 51 percent stake in Kotak Mahindra General Insurance Company for about Rs 4,051 crore. The proposed transaction valued Kotak Mahindra General Insurance Company at Rs 7,943...
by AIP Online Bureau | Feb 6, 2024 | Eco/Invest/Demography, Indian News, Technology
Union Minister Nitin Gadkari A total 130 agromet field units (AMFUs) have been set up in the country’s agro-climatic zones over the years in collaboration with the Indian Council of Agricultural Research. AMFUs provide advisories at the zonal level, each...
by AIP Online Bureau | Feb 6, 2024 | Indian News, Life
H Venkatachalam, MD & CEO designate , Tata AIA Life Venkatachalam H. will take over as MD& CEO shortly from the incumbent Naveen Tahilyani, who has been made a non-executive director of Tata AIA Life Insurance Company. Mumbai: Tata AIA Life Insurance Company...
by AIP Online Bureau | Feb 6, 2024 | Indian News, Life
Siddhartha Mohanty, chairperson, Life Insurance Corporation launched a new unit linked plan- Index Plus- on Monday The new product is a Regular Premium, Individual Life Insurance Plan which offers life insurance cover cum savings throughout the term of the policy,...
