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LIC gets income tax penalty notice of Rs 84 crore; insurer to file appeal

LIC gets income tax penalty notice of Rs 84 crore; insurer to file appeal

by AIP Online Bureau | Oct 3, 2023 | Indian News, Life, Policy

For assessment year 2012-13, the tax authority has imposed a penalty of Rs 12.61 crore, for 2018-19 Rs 33.82 crore, while Rs 37.58 crore for assessment year 2019-20, LIC said in a regulatory filing NEW DELHI: Life Insurance Corporation (LIC) on Tuesday said that the...

Lessor SMBC Aviation receives insurance settlement over Aeroflot jets stranded in Russia

by AIP Online Bureau | Oct 3, 2023 | International News, Non-Life, Policy, Reinsurance

The lessor under Japan’s Sumitomo Mitsui Financial Group said the settlement amount reflects its claims on Aeroflot’s insurance related to 16 aircraft and their engines Ireland-based aircraft lessor SMBC Aviation Capital on Monday said it had received a...
Howden unveils a new brand

Howden unveils a new brand

by AIP Online Bureau | Oct 3, 2023 | Intermediaries, Non-Life, Reinsurance

IPG Howden, Asia’s leading high net worth life insurance broker, renamed Howden Private Wealth  London: Howden today unveiled a new brand as it brings together its global broking operations under one name. The rebrand follows Howden’s announcement in April that...

UK launches review of regulators, searching for post-Brexit advantages

by AIP Online Bureau | Oct 2, 2023 | Eco/Invest/Demography, International News, Policy, Regulation

“It’s clear that the regulators that enforce the rules can also sometimes be a blocker to businesses, so our review will seek to root out the bad practices with the aim of making companies’ lives easier and reducing costs for consumers” London:...

US regulators settle with more firms over use of texts and WhatsApp

by AIP Online Bureau | Oct 2, 2023 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

The settlements mark the latest enforcement actions in the SEC’s two-year crackdown on Wall Street’s use of unapproved messaging apps, which has so far resulted in more than $2 billion in fines Because companies do not surveil personal messaging channels,...

Bangladesh dengue deaths top 1,000 in worst outbreak

by AIP Online Bureau | Oct 2, 2023 | Eco/Invest/Demography, Health, International News

There is no vaccine or drug that specifically treats dengue, which is common in South Asia during the June-to-September monsoon season as the Aedes aegypti mosquito which spreads the disease thrives in stagnant water Dhaka: The death toll from Bangladesh’s worst...
Possession of e-cigarettes violation of law: Health Ministry

Possession of e-cigarettes violation of law: Health Ministry

by AIP Online Bureau | Oct 2, 2023 | Health, Indian News

The ministry said that though there is no explicit mention of prohibition of individual use of e-cigarette in Prohibition of Electronic Cigarette Act (PECA) 2019, the law has been enacted to prohibit the production, manufacture, import, export, transport, sale,...

Digital ID verification checks to surpass 70 bn globally in 2024

by AIP Online Bureau | Oct 2, 2023 | Workplace/Employee Benefits

Biometric verification methods are highly effective against these kinds of fraud, with liveness checks utilised to prevent spoofing New Delhi: The number of digital identity verification checks will surpass 70 billion in 2024, growing 16 per cent on the previous...
Early indicators of dementia: 5 behaviour changes to look for after age 50

Early indicators of dementia: 5 behaviour changes to look for after age 50

by AIP Online Bureau | Oct 2, 2023 | Features, Health

Spotting these behavioural changes, which emerge in later life (ages 50 and over) and represent a persistent change from longstanding patterns, can be helpful for implementing preventive treatments before more severe symptoms arise Calgary:Dementia is often thought of...
Tom Hanks warns fans about his ‘AI version’ promoting dental plan: Have nothing to do with it

Tom Hanks warns fans about his ‘AI version’ promoting dental plan: Have nothing to do with it

by AIP Online Bureau | Oct 2, 2023 | Facts, Regulation, Risk Management, Technology

”Beware!! There’s a video out there promoting some dental plan with an AI version of me. I have nothing to do with it,” the 67-year-old Tom Hanks wrote alongside a screenshot of a computer-generated image of himself from the clip Hollywood veteran Tom Hanks has...
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