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Extreme weather events claimed 233 lives in India between January and April: Report

by AIP Online Bureau | Jun 9, 2023 | Data, Disaster & Management, Eco/Invest/Demography

Between January and April 2022, extreme weather events claimed 86 lives and damaged 0.03 million hectare of cropland, according to the report. Lightning and storms occurred on 58 days this time as compared to 35 days during the corresponding period in 2022. Most of...

Life insurers witness 4 pc decline in new biz premium to Rs 23,477.8 cr in May

by AIP Online Bureau | Jun 9, 2023 | Data, Life

LIC recorded an 11.26 per cent decline in its new business premium at Rs 14,056.29 crore during the month The rest 23 players in the private sector, however, witnessed their combined new business premium rise by 9.05 per cent to Rs 9,421.51 crore from Rs 8,639.72...

Over 11% Indians diabetic, 36 per cent have hypertension: Lancet survey shows

by AIP Online Bureau | Jun 9, 2023 | Data, Eco/Invest/Demography, Health

”The steep increase in NCDs can be attributed mostly to the lifestyle choices of people such as diet, physical activity, stress levels etc. The positive news is that interventions can be used to curb the trend. Our study has multiple implications for the...
CEA against concept of Universal Social Security as it may generate ‘perverse incentives’

CEA against concept of Universal Social Security as it may generate ‘perverse incentives’

by AIP Online Bureau | Jun 9, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

”For our country, when natural economic growth should take care of many of the aspirations, it (Universal Social Security) may not be necessary. We may be creating the ground for perverse incentives for people to not make their own effort in seeking such...

Inflow in equity mutual funds hit 6-month low of Rs 3,240 cr in May on profit booking

by AIP Online Bureau | Jun 9, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

”Profit booking in rising market along with probable expenses towards vacation, education could have led to lower investments in mutual funds in May,” Manish Mehta, National Head and Sales, Marketing and Digital Business at Kotak Mahindra Asset Management...
IRDA gives license to Go Digit Life, 4th new insurer in a year

IRDA gives license to Go Digit Life, 4th new insurer in a year

by AIP Online Bureau | Jun 9, 2023 | Indian News, Life, Regulation

Prem Watsa, founder, chairman, and chief executive of Fairfax Financial Holdings IRDAI in its 122nd board meeting held on 2nd June, has granted Certificate of Registration to Go Digit Life Insurance Limited to carry life insurance business in India, said the IRDAI on...

RBI not planning to regulate social media influencers

by AIP Online Bureau | Jun 9, 2023 | Eco/Invest/Demography, Indian News, Regulation, Risk Management

Social media influencers peddle personal views or those paying them on financial markets or stocks. Since January 2022, SEBI has been saying it would come out with regulations to tame the so-called financial influencers, it has not yet issued anything but has been...

Global Alzheimer’s disease market to reach $13.7bn by 2030: Report

by AIP Online Bureau | Jun 9, 2023 | Data, Health, Non-Life

The growth will be particularly seen across the eight major markets such as the US, France, Germany, Italy, Spain, the UK, Japan, and China New Delhi: The Alzheimer’s disease market is projected to experience robust growth at a compound annual growth rate of 20...

Odisha train tragedy: Only small number of passengers opted for insurance cover

by AIP Online Bureau | Jun 9, 2023 | Workplace/Employee Benefits

Chennai/ Mumbai: With only a small number of passengers of two ill-fated trains involved in the June 2 Odisha tragedy seems to have opted for the Rs 10 lakhs insurance cover by paying just Re.035 paise and now it is time for the Centre to bundle the cover with all the...

by AIP Online Bureau | Jun 9, 2023 | Workplace/Employee Benefits

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