Assurant Financial News

insurance companies must furnish for policyholders essential policy details, such as the sum assured, coverage specifics, exclusions, and claims procedure, in a standardised format to ensure straightforward comprehension of the terms and conditions, PTI reported. The Insurance Regulatory and Development Authority of India (IRDAI) has updated the current customer information sheet to present fundamental details about the purchased policy in a more easily comprehensible format, it said.

US Federal Reserve chairman). Fairness should also apply to the distribution of Special Drawing Rights (SDR), this embryo of a global currency that the IMF may issue under certain conditions.

On October 17, 2023, the Basel Committee on Banking Supervision released a consultative document concerning the disclosure of cryptoasset exposures by banks, seeking public feedback until January 31, 2024. The document is accessible on the BIS website. This comes following the Committee's publication in December 2022, titled «Prudential Treatment of Cryptoasset Exposures», which introduced prudential requirements for banks dealing with cryptoassets, set to be enforced starting January 1, 2025.

IRDAI (Insurance Regulatory and Development Authority of India) has instructed insurers — via a circular on Oct 30 — to release a revised customer information sheet (CIS). This is aimed to ensure that the customers understand the basic features with regards to policy in simple words. The customer information sheet is meant to be provided to all policyholders by insurers including both life insurance providers and health insuranceproviders, ordered the regulator.

Life insurance and health insurance are the two main types of insurance policies. Whole life insurance makes sure that your family members are taken care of after your untimely demise, and health insurance policies pay for your hospitalisation and other related expenses. Recently, some insurance providers have introduced plans that merge life and health insurance benefits, aiming to offer a one-stop solution to policyholders.

Eknath Shinde spoke to reservation activist Manoj Jarange Patil on the phone and gave him an assurance that the government was working out a solution for Maratha reservation. After his conversation with the Maharashtra Chief Minister, Manoj Jarange Patil who was on hunger strike in Antarwali Sarati village demanding Maratha reservation ended his hunger strike. «Chief Minister Shinde inquired about the health of Jarange Patil and there was a positive discussion between the two regarding providing reservation to the Maratha community.» stated the press release from the Chief Minister's Office. «Chief Minister Shinde told Jarange Patil that a concrete decision will be taken in today's cabinet regarding giving Kunbi certificates to the Maratha community. Also, it is necessary to resolve the issue of the Maratha reservation legally and for this,» read the release.

Check all the LIVE updates here“Hamas is a part of the axis of evil Iran has formed, an axis of terror that works by arming, training and financing Hamas in Gaza, Hezbollah in Lebanon, the Houthis in Yemen and other terror proxies throughout the Middle East and beyond the Middle East," said Benjamin Netanyahu. Israel Prime Minister Benjamin Netanyahu said, “The horrors that Hamas perpetrated on October 7, remind us that we will not realize the promise of a better future unless we, the civilized world, are willing to fight the barbarians because the barbarians are willing to fight us...This is a turning point, a turning point for leaders and nations. It is time for all of us to decide if we are willing to fight for a future of hope and promise or surrender to tyranny and terror.

ANI reported. Earlier on Monday, the protest over the Maratha reservation turned violent as demonstrators vandalised and set ablaze the residence of NCP MLA Prakash Solanke in the Beed district of Maharashtra. "I was inside my home when it was attacked.

Vodafone Idea (Vi) expects to finalize its equity funding discussions by the end of this quarter, the telecom operator's chief executive Akshaya Moondra said during the earnings call on Monday. Moondra noted the commitment from promoters to put in ₹2,000 crore remains firm. This might be concurrent with investments from external equity parties.

Insurance Corporation (LIC) of India initial share sale in May last year would be a disappointed lot today. As against the issue price of ₹949 apiece, the stock closed at ₹605 on the BSE on Monday. This implies that state-run LIC has lost more than a third of its value since then.

The tech giants are shaking off the postpandemic blues. Microsoft, Amazon.com, Meta Platforms and Google parent Alphabet last week delivered quarterly reports showing strong growth and improving margins in areas from digital advertising to e-commerce to cloud computing. They are also starting to see some initial payoff from big investments in artificial intelligence, while trying to assure Wall Street that more wins are ahead.

Nitish Mittersain, Founder, Joint MD & CEO, Nazara Tech, says “the online money gaming business is today just 4% of our revenues and is impacted due to the new GST taxation rules that came in from October 1st but we expect that business to recover and stabilise in the next couple of months. More importantly from Nazara perspective, getting clarity on taxation was a very important thing. I think that has largely been achieved.” Start by telling us a little bit more about this plan to launch the new game publishing division. How revenue accretive do you believe it is going to be? Nazara Publishing, which is a new initiative of Nazara, is basically meant for the game developers who are trying to bring high quality games across platforms such as mobile, PC, even new technologies such as Web3 and VR.

NEW DELHI : The National Highways Infra Trust (NHIT), the investment trust sponsored by the National Highways Authority of India, plans to raise as much as ₹9,000 crore after Diwali through a mix of debt and equity, two people familiar with the development said. The infrastructure investment trust’s (InvIT’s) third round of fundraising, involving the monetization of six 250km highway stretches, will be conducted in phases, targeting domestic and global investors. Additionally, a proposed non-convertible debentures (NCD) issue, the size of which would be similar to last year’s ₹1,500 crore, would also be offered to retail investors with assured returns of close to 8%, the people said on the condition of anonymity.

Indian diamond houses, which cut and polish nine out of 10 stones, told banks last week that the next four months would be crucial. The trade that suffered a 30% drop in prices of natural stones and dealt with over 50% slide in lab-grown diamond (LGD) prices in the past one year, is in touch with global mining giants like DeBeers for marketing assistance after putting a temporary ban on imports. With China, the second-largest market refusing to pick up, the trade is betting on Diwali, US Thanksgiving (November 23), Christmas and finally Valentine’s Day to push out the unsold gems. A lurking concern among the traditional diamantaires is that while the supply of mined diamonds has slowed following the import ban, there is no control over LGD prices as anyone having the money can set up LGD factories. But LGD players say the prices have stabilised with 2 out of 11 players globally going bankrupt. “We met senior bankers on Friday.

Democratic Progressive Azad Party (DPAP) chairman Ghulam Nabi Azad on Sunday said he would never indulge in the politics of hatred and invoke religion to garner votes. The former Jammu and Kashmir chief minister also promised people that his politics would always be based on moral and social values and he would never discriminate among them on the basis of religion. «Doing politics by invoking religion and spreading hatred is not what my ideology stands for.

Congress president Mallikarjun Kharge on Sunday assured that if the party comes to power in Telangana it will implement its six guarantees in the state. Addressing a public meeting in Sangareddy constituency in the run-up to the November 30 Assembly polls in Telangana, Kharge highlighted the six poll guarantees announced by the Congress in Telangana and urged the people to elect the grand old party in the state.

National Australia Bank abandoned an assurance to borrowers that it would only increase monthly mortgage repayments on the 12-month “anniversary” of variable rate home loans, after rapid-fire interest rate rises caught the bank off guard.

Devil Comet," known for its ice volcano and distinctive «horns,» makes its way toward Earth. While this massive celestial visitor might seem ominous with its fiery moniker, experts assure that it poses no danger to humanity. Let's explore the fascinating world of this enigmatic comet and when it's set to light up our skies.

Supreme Court is scheduled to hear on October 30 pleas filed by the Uddhav Thackeray faction of the Shiv Sena and the Sharad Pawar bloc of the NCP, seeking a direction to the Maharashtra assembly speaker to expeditiously decide disqualification petitions against some MLAs. A bench headed by Chief Justice DY Chandrachud is scheduled to take up two separate pleas filed by both the factions.

Loki Season 2, fans are left to ponder the direction of the story and how many more episodes are yet to unfold. We explore the future of Loki in the Marvel Cinematic Universe (MCU) and what's in store for fans as the series approaches its conclusion.

Jujutsu Kaisen, after its intriguing events in Chapter 240, has kept its readers on their toes, eagerly anticipating what comes next. With the recent turn of events, fans are keen to know about the release of Chapter 241.