-The Economic Times MUMBAI: Despite being exposed to perils of heavy smoking, a majority of smokers (58%) in India do not have any form of health insurance, a survey conducted by private non-life insurer ICICI Lombard has found. Further, a city-wise break-up shows that the percentage of smokers with a health cover is significantly lower in Delhi (34%) and Bangalore (28%). This, despite 85% of the respondent smokers across the country admitting...
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Why corruption isn’t a poll issue in Karnataka -Prithvi Datta Chandra Shobhi
-The Indian Express If the BJP finds itself on the back foot today, it isn't because of corruption scandals, but due to the splintering of its social coalition As the stage is set for the state assembly elections in Karnataka, former Prime Minister H.D. Deve Gowda recently made a surprising admission: corruption is not an issue in the upcoming elections, and the precipitous decline in political morality can only be arrested by...
More »Sting operation reveals money laundering by top banks
-The Times of India An undercover sting investigation across India has shown up startling videos of bank executives of three leading private banks - HDFC, ICICI and Axis - providing ready assistance to a reporter, posing as a minister's aide, for laundering black money into white through the banking system in clear contravention of banking norms and laws. Shaken by the disclosure, the three banks asserted that they were committed to transparent...
More »Kendriya Vidyalaya students to get life, accident cover -Christin Mathew Philip
-The Times of India CHENNAI: Kendriya Vidyalaya schools, long known for quality education at affordable cost, will be offering accident and life insurance cover for all its students from the coming academic year. Sources said the Kendriya Vidyalaya Sangathan (KVS) will set apart Rs 4 crore as annual premium for its 11 lakh-odd students in the 1,086 schools across the country. Each student will have a cover of Rs 2 lakh in...
More »Regulators are sometimes too close to industry: Hari Narayan-Deepti Bhaskaran
-Live Mint Former Irda chief spells out the problems with regulating the insurance sector in an interview Regulators are sometimes not too keen on laying down the law because they may be too close to the industry that they are charged with making sure is complying with rules, said J. Hari Narayan, who stepped down on Wednesday as chairman of the Insurance Regulatory and Development Authority (Irda). “There is a lot going on...
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