Unit Trust to pay Rs 25K for delay in settling claim

Last Updated: Thursday, January 10, 2013, 16:20

Unit Trust of India Technology Services Ltd (UTITSL) and New India Assurance Company Ltd have been directed by a consumer forum here to pay Rs 25,000 to a policy holder for taking over two years to reimburse his medical bills.

General insurance industry may grow by 20% annually

Last Updated: Sunday, January 6, 2013, 20:07

The Indian general insurance industry is likely to grow by around 20 percent per annum in the coming years because of increasing penetration, a top official of New India Assurance said.

Foreign bank mulled closing New India Assurance a/c: FinMin

Last Updated: Thursday, November 29, 2012, 14:49

The government on Thursday said a foreign bank had threatened to close down the account of state-owned New India Assurance Ltd if it did not stop providing insurance cover to ships ferrying oil from Iran.

New India Assurance H1 net more than doubles to Rs 205 cr

Last Updated: Wednesday, November 21, 2012, 23:37

Its net profit stood at Rs 95 crore in the same period of the previous fiscal.

New India gifts 'extra charge' to its customers

Last Updated: Friday, September 21, 2012, 16:07

Are you a New India Assurance (NIA) customer and hold a Mediclaim2007 policy? If so, you are probably paying more money than your premium.

Insurance Co to pay Rs 11.23 lakh for denying claim "deliberately"

Last Updated: Friday, August 3, 2012, 16:28

The New India Assurance Co Ltd has been directed by a consumer forum here to pay Rs 9.73 lakh to one of its policy holders as reimbursement for theft of his truck and to pay him Rs 1.5 lakh as compensation for rejecting his claim on "imaginary speculations."

Insurance employees seeks merger of four PSU firms

Last Updated: Saturday, June 16, 2012, 15:19

A section of insurance employees has demanded that four PSU general insurers -- National Insurance, Oriental Insurance, New India Assurance and United India Insurance -- be merged into one to bring down costs.

Rejecting claim after charging premium, NIACL to pay Rs 75K

Last Updated: Wednesday, March 7, 2012, 14:08

The New India Assurance Company Ltd (NIACL) has been directed by a consumer forum in Delhi to pay a policy holder Rs 75,000 for rejecting his claim for loss of the CNG kit installed in his car after charging him Rs 2,544 as premium to insure it.

Jagdish Mahapatra appointed McAfee MD India and SAARC

Last Updated: Monday, February 13, 2012, 13:12

Security software provider McAfee has appointed Jagdish Mahapatra as the Managing Director for India and SAARC operations.

Sachin Tendulkar buys Rs 100 crore cover for his dream house

Last Updated: Thursday, December 29, 2011, 19:35

Sachin Tendulkar has secured his five-story Bandra residence with a staggering Rs 100 crore insurance cover, one of the biggest insurance deals by an individual.

Finmin asks PSU general insurers to bring down expense ratio

Last Updated: Sunday, September 25, 2011, 14:16

The Finance Ministry has asked public sector general insurance companies to bring down their expense ratio and prune management expenses to improve profit.

Srinivasan takes charge as Chairman of New India Assurance

Last Updated: Wednesday, August 17, 2011, 15:14

United India Insurance Chief G Srinivasan has taken up the additional charge of Chairman and Managing Director (CMD) of the country's largest PSU general insurance company, New India Assurance.