by AIP Online Bureau | Sep 24, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life
Based on a report on the estimated damages caused to standing crops in the three districts due to flooding caused by the river, the government has decided to provide a special relief package from the state budget in addition to the State Disaster Response Fund (SDRF)...
by AIP Online Bureau | Sep 24, 2023 | Health, International News, Policy
British Prime Minister Rishi Sunak Those measures include free vape kits, a voucher scheme to incentivise pregnant women to quit, and consulting on mandatory cigarette pack inserts, the spokesperson added. The spokesperson declined to comment further on The Guardian...
by AIP Online Bureau | Sep 24, 2023 | Indian News, Intermediaries, Non-Life, Reinsurance
The company, pursuant to receipt of approval from the Insurance Regulatory and Development Authority of India (Irdai), completed the acquisition of 20,61,856 equity shares of Rs 10 each of MIBL at a price of Rs 1,001 per share, Mahindra Finance said in a regulatory...
by AIP Online Bureau | Sep 23, 2023 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Reinsurance, Risk Management
The continued retreat of larger insurance carriers from the California residential property insurance market signals ongoing regulatory constraints, rising cost inflation, and higher catastrophe losses, credit rating agency Fitch said in a note earlier this year...
by AIP Online Bureau | Sep 22, 2023 | Indian News, Life, Regulation
The tax authority has alleged that among other violations, LIC did not reverse the Input Tax Credit (ITC) availed on the premium received by the corporation from policy holders Mumbai: The Bihar-Additional Commissioner State Tax (Appeal), Central Division, Patna, has...
by AIP Online Bureau | Sep 22, 2023 | Disaster & Management, Indian News, Policy
Additionally, in case of an untoward incident, Rs 1.5 lakh will be paid in case of death which was earlier Rs 15,000. Amount for grievous injury has been revised to Rs 50,000 from Rs 5,000 for grievous injury and compensation for a simple injury has been revised from...
by AIP Online Bureau | Sep 22, 2023 | Eco/Invest/Demography, Indian News
India has received 780.3 mm of rain during this monsoon season so far, compared to a normal of 832.4 mm. Rainfall between 94 per cent and 106 per cent of the long-period average (LPA) is considered normal. Normally, the country receives an average of 870 mm of...
by AIP Online Bureau | Sep 22, 2023 | Eco/Invest/Demography, Indian News, Policy, Workplace/Employee Benefits
A key driver in this transformation is likely to be the window of a demographic dividend that opened up in 2018 and will probably last till the 2040s, going by fertility and mortality rates,” Reserve Bank Deputy Governor Michael D Patra said Mumbai: India will...
by AIP Online Bureau | Sep 22, 2023 | Banking & Bancassurance, Briefs, Life
Max Life Insurance Company has entered into a bankassurance alliance with AU Small Finance Bank (AU SFB), This collaboration will allow AU SFB’s digitally inclined customers to access the full spectrum of life insurance plans offered by Max...
by AIP Online Bureau | Sep 22, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Risk Management
”They are here because they are making higher returns here… So I don’t see any reason for them to back out because of the current situation, which hopefully we will sort out,” the official said. According to a report by think tank GTRI, Canadian...
