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GIPSA OFFICIAL
After banks, insurance companies weigh legal backing for staffThe IBA proposed that lenders bear all legal expenses in such cases, including providing an advocate when required.- Kerala floods: Insurance claims likely to be upwards of Rs 1000 croreAssessment of claims will take place with situation moving to normal, a senior official of an insurance firm said, adding clear picture wil...
- PMSBY: Non-life players looking at widening coverage this yearAccording to government estimate, as many as 9.4 crore accounts were opened across the country and 4,000 claims settled so far, with a clai...
- Air India gets 20% discount on annual insurance premiumAir India has got a 20% discount on insurance premium while renewing its annual policy starting October, a senior official said today.
- State-run general insurers' common TPA launch postponed againThe launch of the much-awaited common third party administrator (TPA) floated by four state-owned general insurers has once again been post...
- Master mediclaim policy for bank employees to be issued through IBA by month-endAll state-run general insurers are likely to issue a master mediclaim policy for bank employees through IBA by this month end.
- General insurers to challenge Rs 671-crore CCI penaltyStating that they will seek legal remedy, they termed the Competition Commission order as "surprising". These insurers also pointed out tha...
- Indian Banks Association, insurers to meet soon on new insurance, pension schemesIssues like who will collect the claim document and at what point the claim would be delivered will also figure during the interaction, the...
- Insurance claims pouring in from cyclone-hit Andhra Pradesh and OdishaThe rate of insurance might go up due to the two recent calamities. Insurers are currently busy collecting data to arrive at a conclusion.
- Employees of non-life insurers may get profit-linked incentiveThe association has also agreed to consider appointments on compassionate grounds, as the government has implemented the scheme merely a we...
- New India Assurance, United India Insurance, National Insurance and Oriental Insurance begin a hiring spreeThe total business of all four public sector non-life insurance companies put together, was at Rs 42,000 crore in 2013-14
- Insurers gear up for collective bargaining, to ask hospitals to cut treatment costsThe total health insurance market is around Rs 13,000 crore, of which the state-owned companies’ share.
- PSU insurers agree not to undercut each otherUndercutting is a term used by insurers for quoting rates lower than those prevailing in the market. Such an agreement can, therefore, prev...
- PSU insurance companies to float own TPAIn order to bring down the high claim ratio due to alleged "fraudulent practices", public sector health insurance companies have decided to...
- Now, cashless mediclaim on case-to-case basis?A dialogue has started between government-owned insurance companies and healthcare providers on how to continue the cashless facility witho...
- PSU insurers to appoint third party administratorFour public sector insurers - New India Assurance, United India Insurance, Oriental Insurance and National Insurance Company - are looking ...
- VRS Round II: PSU insurers plan 15% cut in workforceA second round of VRS for employees of PSU general insurance companies is in the offing to cut flab by 10-15% and improve efficiency.
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