by AIP Online Bureau | May 25, 2023 | Indian News, Non-Life, Reinsurance
Devesh Srivastava, CMD, GIC Re GIC Re’s record net profit has been possible as the third largest Asian reinsurer has a combined ratio of 89.16 per cent and an underwriting profit of Rs 889.77 crore along with a higher investment income of Rs 3,667.16 during the...
by AIP Online Bureau | May 25, 2023 | Indian News, Life, Wealth Management/ Philanthropy
The surge in annual profit in FY23 was helped by a jump in the second quarter bottomline to Rs 15,952 crore. It was due to a transfer of Rs 15.03 lakh crore to shareholders’ accounts at the end of September Mumbai: Shares of LIC on Thursday ended nearly 2 per...
by AIP Online Bureau | May 25, 2023 | Workplace/Employee Benefits
by AIP Online Bureau | May 25, 2023 | Indian News, Life, Non-Life, Regulation
Debasish Panda,Chairman,IRDAI ”We are working with the councils of both life and general insurance to have a UPI-like moment for the insurance sector. A conceptual framework has been contemplated,” he said, adding that this is being proposed through the...
by AIP Online Bureau | May 25, 2023 | Health, Indian News, Policy, Regulation
According to the proposed amendments to the Rules, the display of tobacco products or their use in online curated content will not be extended to the display of brands of cigarettes or other tobacco products. New Delhi: OTT platforms may soon be mandated to display...
by AIP Online Bureau | May 25, 2023 | Briefs, Life
Max Life Insurance Company Ltd has announced its highest- ever participating (PAR) bonus of Rs. 1,604 Cr. for its approximately eligible 21 lakhs eligible participating policyholders in FY22-23. This is the Company’s 21 st consecutive annual bonus; 8% higher...
by AIP Online Bureau | May 24, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Reinsurance
Reinsurer Swiss Re on Monday joined Munich Re, Zurich Insurance, and Hannover Re in exiting the Net Zero Insurance Alliance amid growing pressure in the U.S., where some Republican politicians say these alliances could be breaking antitrust rules The United Nations...
by AIP Online Bureau | May 24, 2023 | Workplace/Employee Benefits
by AIP Online Bureau | May 24, 2023 | Eco/Invest/Demography, Indian News, Risk Management, Technology
Rajeev Chandrasekhar, Minister of State Electronics and Information Technology of India According to him, India is soon going to have 1.3 billion people accessing the internet and these Digital Naagriks should approach the internet without any fear and mistrust,...
by AIP Online Bureau | May 24, 2023 | Indian News, Life
The Indian Embedded Value (IEV) of the corporation has been determined as Rs.5,82,243 crore as at March 31st ,2023 as compared to Rs. 5,41,492 crore as at March 31st,2022 and Rs. 5,44,291 crore as at September 30th,2022, showing a growth of 7.53 per cent y-o-y basis....
