EPFO panel approves raising insurance cover to Rs 5.5 lakh

Last Updated: Wednesday, September 9, 2015, 19:22

Retirement fund body EPFO's panel on its pension and insurance schemes has approved a proposal to increase the maximum amount assured under the EDLI scheme to Rs 5.5 lakh from Rs 3.6 lakh.

EPFO likely to raise maximum insurance cover to Rs 5.5 lakh

Last Updated: Sunday, September 6, 2015, 11:12

After getting the committee's nod, it will then be placed before the EPFO's apex decision making body the Central Board of Trustees' (CBT) headed by the Labour Minister.

Centre to launch 'unified' insurance product for farmers

Last Updated: Monday, July 27, 2015, 18:46

Amid concerns over rising incidents of farmer suicides in the country, the Narendra Modi-led government is planning to unveil an exclusive all-in-one insurance product for the farming community as part of its ongoing social security scheme.

CACP for effective crop insurance scheme

Last Updated: Wednesday, May 6, 2015, 19:05

Commission for Agricultural Cost and Prices (CACP) on Wednesday said it will recommend the Centre to make crop insurance scheme more effective and better, observing that farmers are not fully compensated for crop loss caused by natural calamities.

PM to launch insurance, pension schemes on May 9

Last Updated: Thursday, April 30, 2015, 19:59

Prime Minister Narendra Modi will launch the flagship social security schemes, including Rs 2 lakh accident cover at a premium of just Re 1 per month, in Kolkata on May 9.

Govt to review life cover scheme under Jan Dhan after 5 years

Last Updated: Sunday, February 1, 2015, 11:51

Under the PMJDY, a person who opened bank account for the first time during August 15, 2014 to January 26, 2015 is eligible for the life insurance scheme.

Irda modifies group life insurance schemes for fincl entities

Last Updated: Monday, December 29, 2014, 22:01

IRDA on Monday clarified that under lender-borrower scheme life insurance companies will make payment of outstanding loan to lenders in case of eventuality to an individual covered under the group insurance scheme.

China's big five banks rise on draft deposit insurance rules

Last Updated: Monday, December 1, 2014, 10:16

Mainland listed shares in China`s big five banks jumped on Monday but later pared gains, after the country issued draft regulations to introduce a bank deposit insurance scheme for the first time.

Insurance Scheme for police personnel in Kerala

Last Updated: Thursday, January 23, 2014, 13:26

The Kerala government on Thursday unveiled a comprehensive medical insurance scheme for the 56,000 police force, at an annual outlay of Rs 20 crore, with no liability on the part of those insured.

Accident insurance scheme for CNG-powered public transport drivers

Last Updated: Tuesday, July 23, 2013, 00:19

An accident insurance scheme for around 2.50 lakh drivers of CNG-powered public transport will soon be launched in the city, Delhi`s Transport Minister Ramakant Goswami said on Monday.

Insurance amount handed over to bereaved family in Puducherry

Last Updated: Wednesday, April 17, 2013, 22:43

Puducherry Local Administration and Fisheries NG Panneerselvam on Wednesday handed a cheque for Rs one lakh to the bereaved family of a fisherman who died in a road accident.

Punjab govt increases rate of interest on group insurance

Last Updated: Thursday, July 5, 2012, 21:11

The Punjab government on Thursday increased the rate of interest on Group Insurance Scheme (GIS) of state government employees to 8.6 percent quarterly for the year 2012.