Prudential’s planned acquisition of a 75% stake in Bharti Life Insurance will trigger regulatory requirements on its shareholding in ICICI Prudential Life Insurance.
The Department of Financial Services also ordered meetings to be held virtually where possible, while calling for a phased transition from petrol and diesel vehicles to electric cars.
The new facility will provide property damage and business interruption cover for both nuclear-critical and conventional risks, from construction to operation.
Premiums for medium-to-high risk homes dropped and quote success rates rose, but lowest-risk areas saw a 31% premium rise driven by broader market forces.
The Care Bridge Health Insurance Scheme combines inpatient coverage in Hong Kong and Mainland China with outpatient and preventive care services in Hong Kong.
The insurer says much of the impact will fall on households, with unpaid care projected at 123 million hours and 42% of treatment costs paid out of pocket by 2030.
