PSU Salary Hike: Central Govt announces to raise 12% salary of employees of four General Insurance companies
The four General Insurance companies, whose employees and officers salaries increased by 12%, are New India Insurance ltd, United India Insurance ltd, the Oriental Insurance company ltd, and National Insurance company ltd. It will burden Rs 8000 crore on Central Government exchequer.
Oct 16, 2022, 13:24 PM IST
COVID-19 impact: Now, insurance companies will pay your EMIs in case of job loss, check details
With millions of Indians losing their jobs following the adverse impact of the deadly coronavirus (COVID-19) outbreak and financial uncertainty, several Indian companies have launched job loss insurance schemes to provide affordable cover and EMI relief on losing income.
Dec 04, 2020, 09:22 AM IST
Centre allows 24 insurance companies to sell policy through Aadhaar
The move is understood to aim at checking the laundering of funds into insurance firms and shell companies.
Aug 19, 2020, 20:31 PM IST
IRDAI asks insurance firms to expeditiously settle hospitalisation claims of coronavirus patients
Insurance regulatory authority IRDAI has issued guidelines following the outbreak of coronavirus, asking insurance firms to expeditiously settle hospitalisation claims related to the disease under health policies.
Mar 05, 2020, 11:15 AM IST
Irdai asks insurers to share status of claims with policyholders from July 1
Irdai also asked insurers -- life, health and general -- to send all communication about issuance and servicing of policies through letter, e-mail, SMS or any other electronic form approved by it.
Apr 11, 2019, 09:04 AM IST
PM insurance scheme: Government rejects Insurers' demand for premium hike
PM Narendra Modi had launched the PMJJBY and PMSBY in March 2015.
Apr 05, 2018, 13:44 PM IST
Insurance cos to focus on IPOs, consolidation in 2018
The insurance industry is witnessing growth and is projected to have great times in the years to come.
Dec 30, 2017, 12:48 PM IST
Cabinet approves proposal for bill to deal with bankruptcy in financial sector
The Bill would provide for a comprehensive resolution framework for specified financial sector entities to deal with bankruptcy situation in banks, insurance companies and financial sector entities.
Jun 14, 2017, 15:28 PM IST
DIIs remain bullish on equities; pour in Rs 4,500 crore in May
Continuing with their bullish stance on India for the second month, domestic institutional investors (DIIs) pumped in more than Rs 4,500 crore in equity markets in May.
Jun 06, 2017, 17:48 PM IST
Govt considering 100% FDI in insurance broking
The government is considering allowing 100 percent foreign direct investment in insurance broking with a view to giving a boost to the sector and attracting more funds.
Mar 21, 2017, 14:15 PM IST
Insurers may offer discounts to customers via e-commerce sale
Insurance companies may offer discounts to customers if their policies are sold through e-commerce websites, Irdai said Thursday.
Mar 09, 2017, 21:06 PM IST
Govt looks to raise Rs 11,000 crore from listing of insurers
Government plans to divest Rs 11,000 crore worth of stake in PSU general insurance companies to meet the steep disinvestment target of Rs 72,500 crore next fiscal.
Feb 02, 2017, 15:52 PM IST
Cabinet approves listing of 5 public sector general insurance companies
The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi on Wednesday gave its ‘in principle’ approval for listing of five public sector general insurance companies in the stock exchanges.
Jan 18, 2017, 15:36 PM IST
Non-life insurance premium soars 86% in September to Rs 14,950 crore
Of the total premium underwritten by non-life insurance companies during the month, public insurers garnered Rs 9,164.10 crore while private players took a combined Rs 5,785.90 crore, according to Insurance Regulatory and Development Authority of India (Irdai) data.
Oct 31, 2016, 18:51 PM IST
More than 4 lakh train passengers opt for insurance cover
A day after the train travel insurance facility was launched, more than 4 lakh passengers have opted for the scheme till this evening making the passenger-friendly initiative a hit.
Sep 02, 2016, 21:08 PM IST
'Insurers will have to deal with more taxes in GST regime'
Insurance companies will potentially have to deal with more taxes once the GST is implemented with the emergence of the Centre and states as dual stakeholders.
Aug 12, 2016, 20:16 PM IST
Finance Ministry to issue Cabinet note on listing of PSU insurers soon
Finance Ministry is all set to issue a draft Cabinet note on listing of public sector insurance companies. This development comes in line with the announcements made in the budget.
Jul 03, 2016, 14:45 PM IST
Irdai ask insurers for compliance details on Ombudsman orders
Taking note of delay by insurers in implementing orders and awards of Ombudsmen, insurance regulator Irdai today directed companies to furnish details of cases pending for compliance for the last three years.
Apr 01, 2016, 20:34 PM IST
FM Jaitley proposes listing of PSU general insurance companies
Finance Minister Arun Jaitley Monday proposed listing of four wholly-owned PSU general insurance companies.
Feb 29, 2016, 11:44 AM IST
