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Niva Bupa weighs stake sale at $2 billion valuation: Report

Niva Bupa weighs stake sale at $2 billion valuation: Report

by AIP Online Bureau | Feb 14, 2023 | Health, Indian News

True North may consider selling some of its stake, the people said. A deal could also involve issuing new shares, one of the people said, asking not to be identified as the information is private. Mumbai: An Indian general insurer backed by British United Provident...
ManipalCigna launches a specialized plan for seniors

ManipalCigna launches a specialized plan for seniors

by AIP Online Bureau | Feb 14, 2023 | Health, Indian News, Non-Life

A customer between 56 to 75, after meeting the underwriting eligibility, can buy the plans and if an existing customer pay premium annually even after reaching 75, the cover will continue for him/her till death The sum insured options range from Rs. 3 lacs to Rs 50...

InsuranceDekho raises $150 million to grow SME business

by AIP Online Bureau | Feb 14, 2023 | Indian News, Intermediaries, Technology

The deal,the largest-ever Series A round for an Indian insurance technology company, was led by Goldman Sachs Asset Management and participated by TVS Capital Funds Investcorp, Avataar Ventures and LeapFrog Investments Based in Gurgaon outside New Delhi, the company...
New Zealand declares national emergency as Cyclone Gabrielle wreaks havoc

New Zealand declares national emergency as Cyclone Gabrielle wreaks havoc

by AIP Online Bureau | Feb 14, 2023 | Disaster & Management, Eco/Invest/Demography, International News

While New Zealand was now through the worst of the storm, more rain and high winds were expected. The country was suffering from extensive flooding, landslides and damage to roads and infrastructure, Kieran McAnulty, minister of emergency management said New Zealand...
Adani crisis unlikely to spill over to other Indian conglomerates

Adani crisis unlikely to spill over to other Indian conglomerates

by AIP Online Bureau | Feb 14, 2023 | Eco/Invest/Demography, Indian News, Risk Management

Gautam Adani, chairman, Adani Group The crisis has raised questions about India’s credibility as a global growth engine and a destination for international investors. Earlier this month, MSCI reduced the free float of four companies owned by Adani, while Moody’s...
5 state-owned general insurers’ total exposure to Adani at Rs 347.64 cr: MoS Finance

5 state-owned general insurers’ total exposure to Adani at Rs 347.64 cr: MoS Finance

by AIP Online Bureau | Feb 14, 2023 | Eco/Invest/Demography, Health, Indian News

Bhagwat Karad,Minister of State for Finance “As per data received from Public Sector General Insurance companies, namely New India Assurance Company Ltd, United India Insurance Company Ltd, National Insurance Company Ltd, Oriental Insurance Company Ltd and...

Kotak Mahindra Bank plans minor stake sale in its general insurance arm

by AIP Online Bureau | Feb 14, 2023 | Indian News, Non-Life

The process could draw potential strategic partners as well as financial investors Deliberations are at an early stage, details of a deal such as size and structure could change and the lender could decide not to go ahead with the stake sale, the people said. A...

MP: Health survey shows at least 50 per cent of Indore residents suffering from some ailment

by AIP Online Bureau | Feb 12, 2023 | Data, Eco/Invest/Demography, Health

The report of the survey helmed by the Indian Medical Association’s Indore Chapter and the Red Cross Society ‘Around 48 per cent residents had some abnormality in one test, 9.5 per cent had enhanced blood sugar levels, 17 per cent had high cholesterol...

Micro quakes preventing large-scale event in India but country prepared for any eventuality: Experts

by AIP Online Bureau | Feb 12, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Risk Management

According to the Ministry of Earth Sciences, 59 per cent of India’s land mass is prone to earthquakes. Zone V is seismically the most active region, while Zone II is the least. Around 11 per cent of the country’ area falls in Zone V, 18 per cent in Zone IV...

Delhi Police to partner with Truecaller to help protect people from impersonators, cyber frauds

by AIP Online Bureau | Feb 12, 2023 | Facts, Non-Life, Risk Management

”This will help users identify verified numbers and protect them from frauds and scams relating to impersonation in the name of government officials. All verified numbers of Delhi Police will have a green badge and a blue tick mark, with a government service tag...
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