Last Updated: Sunday, August 30, 2015, 13:19
The new Insurance Act allows the government to disinvest its stake in five general insurance companies -- New India Assurance, United India Insurance, National Insurance, Oriental Insurance and sole reinsurer GIC Re.
Last Updated: Sunday, August 23, 2015, 15:02
The pension business of life insurance players is down to a meagre Rs 2,000 crore in 2014-15, from Rs 20,000 crore in 2009-10.
Last Updated: Monday, August 10, 2015, 22:49
Under the CENVAT credit scheme, a manufacturer or a service provider can avail credit of excise duty paid on inputs.
Last Updated: Sunday, August 9, 2015, 13:52
In their bid to take on rising competition, public sector general insurers have unveiled a succession planning by promoting their young officials to the post of general managers.
Last Updated: Thursday, July 16, 2015, 23:13
State-owned non-life insurers are "surprised" at the Rs 671-crore penalty that fair trade watchdog CCI on Thursday slapped on them for allegedly forming a cartel and rigging the tender floated by Kerala government to select insurance provider for Rashtriya Swasthya Bima Yojna.
Last Updated: Thursday, July 16, 2015, 22:48
Insurers in India perceive managing change in industry as the top risk to their business, which is in sharp contrast to overall global results that cite regulation as a major risk, says a recent survey.
Last Updated: Thursday, July 16, 2015, 20:11
Competition Commission has imposed a penalty of Rs 251.07 crore on New India Assurance, Rs 162.8 crore on National Insurance, Rs 156.62 crore on United India Insurance and Rs 100.56 crore on Oriental Insurance, respectively.
Last Updated: Wednesday, July 15, 2015, 20:46
The life insurance sector, consisting of 24 companies led by state-owned LIC, had seen its total new premium fall by 6 per cent to Rs 1,13,140 crore in 2014-15 from Rs 1,20,162 crore in 2013-14.
Last Updated: Tuesday, June 23, 2015, 21:36
IRDAI said the discount should be in absolute monetary terms and every insurer shall make these procedures as part of their detailed guidelines on claim settlement.
Last Updated: Friday, May 29, 2015, 22:36
General insurers have urged the government to offer them some incentives for providing subsidised catastrophe cover to the poor under the proposed natural catastrophe pool.
Last Updated: Wednesday, April 8, 2015, 17:16
Domestic and foreign insurance companies have been allowed to set up IFSC Insurance Office in special economic zones if they meet certain conditions.
Last Updated: Sunday, April 5, 2015, 15:50
The total size of the nuclear pool, which was officially kicked off from April 1, is Rs 1,500 crore and half of this will be contributed by the four state-owned non-life insurers and the sole reinsurers GIC Re, which is also state-owned.
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