PSU insurance cos to see Rs 675 crore outgo on 13.5% wage hikeThe wage settlement was implemented in February, but effective August 2012, as in the case of banks and LIC, according to General Insurance...
02 May, 2016, 10.22 PM IST
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.
10 Sep, 2015, 09.03 PM IST
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.
02 Aug, 2015, 02.47 PM IST
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...
05 Oct, 2014, 01.36 PM IST
General insurance wage talks tomorrow; many ready to join New Pension SchemeThe four public sector non-life insurers have around 70,000 employees, of which around 50,000 had already moved on to the New Pension Schem...
14 Sep, 2014, 01.17 PM IST
CCI probes public sector general insurance companiesIt has been alleged that the four companies dealing in health insurance business were not allowing third party administrators or TPAs to wo...
05 Sep, 2014, 05.16 PM IST
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
11 Aug, 2014, 10.02 PM IST
- US health insurers vie for cashless service in India
Aetna and United Healthcare are among 24 that have responded to a request for JVs by GIPSA that represents - New India Assurance, National ...
06 Jan, 2011, 06.02 AM IST
- Competition Commission to hear TPAs’ petition on Oct 13
The Competition Commission of India (CCI) has set October 13 as the date for the hearing of the petition made by third-party administrators...
07 Oct, 2010, 03.11 AM IST
- PSU insurers may find it difficult to find a TPA ally
Not many third party administrators can meet the public sector insurers' eligibility criteria, say prospective applicants.
06 Sep, 2010, 05.42 AM IST
- PSU insurers agree not to undercut each other
Undercutting is a term used by insurers for quoting rates lower than those prevailing in the market. Such an agreement can, therefore, prev...
26 Aug, 2010, 04.33 AM IST
- PSU insurers to form TPA JV to manage claims
The four state-owned general insurers will set up a common third party administrator (TPA) as a JV to manage health insurance claims, a mov...
16 Aug, 2010, 02.02 AM IST
- PSU insurance companies to float own TPA
In order to bring down the high claim ratio due to alleged "fraudulent practices", public sector health insurance companies have decided to...
15 Aug, 2010, 05.42 AM IST
- Wage talks fail to to break insurance sector stalemate
The employees unions were upbeat about getting better offer from the General Insurers Public Sector Association (GIPSA) as the heads of Nat...
10 May, 2010, 04.08 PM IST
- Public sector general insurers to float JV for TPA service
The General Insurers’ Public Sector Association of India (GIPSA), an association of all the four public sector general insurance companies,...
13 Apr, 2009, 05.53 AM IST
- CMD of Oriental Insurance to head GIPSA
: M Ramadoss, Chairman and Manging Director of Oriental Insurance has been elected as chairman of the governing body of General Insurers' (...
03 Jan, 2007, 03.50 PM IST
- VRS Round II: PSU insurers plan 15% cut in workforce
A second round of VRS for employees of PSU general insurance companies is in the offing to cut flab by 10-15% and improve efficiency.
01 Sep, 2003, 11.54 PM IST