by AIP Online Bureau | Dec 16, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Wealth Management/ Philanthropy
Under the revised framework for corpus exceeding Rs 12 lakh, the new rule is shifted to 80:20, allowing non-government subscribers to take up to 80 per cent as a lump sum while requiring only 20 per cent of the pension wealth to be used for purchasing an annuity,...
by AIP Online Bureau | Dec 16, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Regulation, Reinsurance
Finance minister Sitharaman, while speaking in the Lok Sabha, said, “IRDAI being empowered to disgorge wrongful gains made by insurers and distribute them to affected insurance policyholders.We are asking regulators to rationalise the penalty.” The government is yet...
by AIP Online Bureau | Dec 16, 2025 | Eco/Invest/Demography, Health, Indian News
Issuing a slew of guidelines, the high court had said each clinical establishment shall prominently display, in Malayalam as well as in English, at the reception or admission desk and on its official website — a list of the services offered and the baseline and...
by AIP Online Bureau | Dec 16, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life
Nirmala Sitharaman,Union Finance Minister “We want the regulator (Insurance Regulatory and Development Authority of India) also to be more robust. We have taken measures around this in the amendment ranging from better regulatory oversight, ease of compliance,...
by AIP Online Bureau | Dec 16, 2025 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation
In an exchange filing on Monday, HDFC Bank said that several of its group companies have received permission to invest in IndusInd Bank.These include HDFC Mutual Fund, HDFC Life Insurance Company, HDFC ERGO General Insurance Company, HDFC Pension Fund Management, and...
by AIP Online Bureau | Dec 15, 2025 | Eco/Invest/Demography, Indian News, Intermediaries, Policy, Regulation
The bill provides that the IRDAI may in the interest of the policyholders, specify by the regulations, the limits of any commission, remuneration or reward in any form payable to an insurance agent or an insurance intermediary, the manner of such payment, the manner...
by AIP Online Bureau | Dec 15, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance
The La Niña phenomenon is often linked with droughts in California, Argentina and Brazil, and the destructive flooding that recently swept Southeast Asia. These types of catastrophes have become a larger factor in setting terms for insurers, farmers and energy...
by AIP Online Bureau | Dec 15, 2025 | International News, Reinsurance
Greg Abel, CEO designate,Berkshire Hathaway Ajit Jain, 74, also a vice chairman, still oversees Berkshire’s insurance businesses. Investors had long viewed him as a CEO candidate, though Buffett has said Jain did not want the job The elevation of Greg Abel to replace...
by AIP Online Bureau | Dec 15, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Reinsurance
The government is also actively planning to disinvest in Life Insurance Corporation (LIC) shortly New Delhi/Mumbai: The Indian government held road shows in London and Singapore to assess investor interest for a minority stake sale in state-run GIC Re. Top officials...
by AIP Online Bureau | Dec 15, 2025 | Eco/Invest/Demography, Indian News
Facing a shrinking domestic market and years of rock-bottom interest rates, Japan’s biggest banks have for years sought out overseas targets. TOKYO:Japan’s Mitsubishi UFJ Financial Group is in final talks to acquire a 20% stake in Indian non-bank financial...
