Nirmal Bazaz Appointed Honorary Secretary of IBAI
The Insurance Brokers Association of India (IBAI) has appointed Mr. Nirmal Bazaz as its new Honorary Secretary. He was elected director in 2023 and continues to serve in that role…
IMF Urges Indian Banks to Adopt Global Credit Risk Standards and Improve Supervision
India’s financial system has grown stronger, but IMF says banks need to align more closely with international norms like IFRS 9. In its latest Financial System Stability Assessment (FSSA), the…
Prudential and HCL Group Join Hands to Launch Standalone Health Insurance Business in India
The joint venture aims to expand access to health insurance and support India’s “Insurance for All by 2047” vision. Summary:UK-based Prudential Group has announced a joint venture with Vama Sundari…
Centrico to Offer Digital Insurance Repository Services to LIC
Centrico Insurance Repository, a subsidiary of Central Depository Services, has signed an agreement with the Life Insurance Corporation of India (LIC) to provide digital insurance repository services. The system allows…
NHB Cracks Down on Insurance Mis-Selling by Housing Finance Companies
The National Housing Bank (NHB) has warned housing finance companies (HFCs) against mis-selling insurance policies bundled with home loans. It has now made it mandatory to get separate, clear customer…
Energy Efficient Buildings: The Key to a Sustainable Future
Energy efficient buildings are the future of urban development, considering climate change and the potential for future environmental crises. These structures are vital for ensuring global sustainability while encouraging a…
Term Insurance Calculator: A Step-by-Step Guide to Finding Your Ideal Coverage
Selecting an appropriate term life insurance along with the correct policy coverage amount becomes a complicated process. A term insurance calculator functions as an efficient solution to guide users through…
Star Health Insurance Ranks Highest in Sustainability Among Indian Insurers
Introduction Star Health and Allied Insurance Company Ltd. (Star Health Insurance) has achieved the highest sustainability score among Indian insurance companies in the S&P Global Corporate Sustainability Assessment (CSA) 2024.…
Government Should Bear Higher Premium for Increased Deposit Insurance: AIRBEA
Introduction The All India Reserve Bank Employees Association (AIRBEA) has urged the government to cover the additional premium costs if it proceeds with the proposal to increase deposit insurance coverage.…
Pollution Surge in Delhi May Lead to 10-15% Increase in Health Insurance Costs
Introduction Health insurance premiums in Delhi could see a 10-15% increase as insurers consider factoring in air pollution-related health risks while pricing policies. If approved by the Insurance Regulatory and…