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India has adequate and sufficient insurance coverage for nuclear incidents

India has adequate and sufficient insurance coverage for nuclear incidents

by AIP Online Bureau | Jul 28, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

Jitendra Singh,Union Minister of State (Independent Charge) Science & Technology The minister informed that without any insurance or financial securities, the nuclear operator cannot operate the nuclear facilities, and the operator is also mandated to renew the...
Par panel asks govt to design framework to deal with cyber crimes

Par panel asks govt to design framework to deal with cyber crimes

by AIP Online Bureau | Jul 28, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Risk Management, Technology

Noting that current compensatory mechanism for victims of cybercrime in the financial sector has limited scope and coverage, the panel said financial institutions must play a supportive role as there is a fiduciary relationship between financial institutions and their...
Govt sets up working group to decriminalise legislations to promote ease of doing biz

Govt sets up working group to decriminalise legislations to promote ease of doing biz

by AIP Online Bureau | Jul 28, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management

Commerce and Industry Minister Piyush Goyal ‘The government has decriminalised 3,600 laws and reduced the burden of 40,000 compliances under different laws in the last nine years to promote ease of doing business and ease of living,” said Commerce and...

Delays in treating traumatic brain injury cases alarming: Experts

by AIP Online Bureau | Jul 27, 2023 | Data, Eco/Invest/Demography, Health

According to the health ministry, TBI is a leading cause of disability and mortality across all regions of India. Statistics show that more than 1 million people in India suffer from TBIs each year, with around 1,00,000 fatalities reported annually. New Delhi: Delays...
LIC launches a new term plan, minimum sum assured at Rs 15 lakhs

LIC launches a new term plan, minimum sum assured at Rs 15 lakhs

by AIP Online Bureau | Jul 27, 2023 | Indian News, Life

The minimum instalment premium will be Rs.3000 for regular premium policies and Rs.30000/- for single premium policies Mumbai: Life Insurance Corporation LIC) has introduced a new non linked, non participating, term plan- Jeevan Kiran, on Thursday. It is an...

Patient-centric approach, better insurance coverage needed to counter infertility epidemic: Experts

by AIP Online Bureau | Jul 27, 2023 | Health, Indian News, Non-Life

India faces a double burden of rising infertility owing to lifestyle changes, coupled with stigma and taboo attached with the condition. This makes it impossible to discuss the issue and seek medical intervention, Narayan added He pointed out that the absence of...
Global economic cat losses at $ 110 billion, insurance claims of $43 billion in H1 2023

Global economic cat losses at $ 110 billion, insurance claims of $43 billion in H1 2023

by AIP Online Bureau | Jul 27, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Thomas Blunck, member of the Board of Management In the Asia-Pacific region, natural disasters resulted in overall losses of approximately US$ 7bn, of which roughly US$ 3bn was insured Earthquake in Turkey and Syria was by far the most devastating natural disaster in...
Max Life aims to recruit 50,000 agents in fy23-24

Max Life aims to recruit 50,000 agents in fy23-24

by AIP Online Bureau | Jul 27, 2023 | Indian News, Life

V. Viswanand, deputy managing director, Max Life said, “As part of our long-term business expansion strategy, the plan to hire more than 50,000 life advisors enables Max Life to cater to the specific needs of its diverse customer segments. Our strategic investments...

Future Generali India Life partners with JM Financial for selling insurance

by AIP Online Bureau | Jul 27, 2023 | Briefs, Life

Future Generali India Life Insurance has announced a strategic alliance with JM Financial Services Limited, a prominent financial services group. to sell its insurance product offerings and extend its market presence across the country. Bruce de Broize, managing...

Ship carrying nearly 3,000 cars ablaze off Dutch coast, crew member dead

by AIP Online Bureau | Jul 27, 2023 | International News, Non-Life, Reinsurance, Risk Management, Technology

“The fire is most definitely still not controlled. It’s a very hard fire to extinguish, possibly because of the cargo the ship was transporting,” said Edwin Versteeg, a spokesperson for the Dutch Department of Waterways and Public Works. “Electric cars burn just as...
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