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NICL INDIA
Finance Secretary reviews PSU insurance strategyFinancial services secretary M Nagaraju reviewed strategy documents for four public sector insurance companies. He directed them to boost i...- RBI pension revision: NABARD, PSGIC employees and pensioners to get higher payoutsThe central government has approved significant wage and pension revisions for employees and pensioners of Public Sector General Insurance ...
- Govt approves wage, pension revision for PSU insurers, RBI and Nabard employeesThe government has approved wage revisions for public sector general insurance employees and Nabard staff, with a 12.41% hike for insurers ...
- Ensure timely resolution of public grievances, prompt claims processing: Finmin to insurersPublic Sector Insurance Companies are directed to enhance customer service and claims processing. Focus will be on profitable business grow...
- Health insurance eating into PSU companies' profits: CAGThe audit found that losses from the health insurance business of public sector insurers have either wiped out, or decreased, the profits o...
- Centre infuses ₹5,000 crore into 3 state-run insurance companiesA notification issued by the finance ministry on April 13 said that for NICL the authorised capital will now be ₹15,000 crore, for OICL it ...
- No proposal to merge public sector general insurance companies: MoS KaradThe government on Tuesday said there is no proposal as of now to merge public sector general insurance companies. There are four general in...
- Cabinet clears amendments to GIBNA for insurance PSU privatisation; may table Bill this sessionThe amendment to GIBNA was approved by the Union Cabinet on Wednesday, the sources said, adding the Bill seeks to enable greater private pa...
- Cabinet Clears amendments for privatisation of general insurance firmLast year, the government had provided capital support to National Insurance, Oriental Insurance and United India Insurance to meet regulat...
- Govt readies amendments to GIBNA for insurance PSU privatisation; may table Bill in monsoon sessionThe Act, which came into force in 1972, provided for the acquisition and transfer of shares of Indian insurance companies and undertakings ...
- HC raps IRDAI for turning blind eye to non-implementation of Mental Healthcare lawThe court's observations came while hearing a woman's plea whose claim for reimbursement of costs for treatment of schizophrenia were rejec...
- Stocks in the news: Wipro, Vodafone Idea, RailTel, Indiabulls Housing & Kotak BankVi's big-ticket fundraising plans have hit an air pocket following differences with key members of the prospective lenders’ consortium.
- Government may consider Oriental Insurance or United India for privatisationTo further strengthen their financial health, the government is expected to infuse Rs 3,000 crore in the public sector general insurance co...
- Finance Ministry to infuse Rs 3,000 crore in general insurance companies this quarterThe cabinet had also decided to increase the authorised share capital of National Insurance Company Limited (NICL) to Rs 7,500 crore and th...
- Finmin asks PSU general insurers to cut flab; rationalise branches, other expenses: SourcesEarlier this year, the Union Cabinet decided to halt the merger process of three state-owned general insurance companies due to weak financ...
- Govt okays proposal to infuse Rs 2,500 cr into 3 PSU general insurers for improving financial healthBriefing reporters here, Union Minister Prakash Javadekar said the capital has been infused in the light of the critical financial position...
- Vijay Srinivas appointed Director & GM of United India InsurancePrior to taking up the new role, he was serving National Insurance Company Ltd as its Chief Marketing Officer and General Manager, a press ...
- Sebi bans NICL India, directors from marketsThe ruling has come more than three years after the regulator had passed an interim order in January 2015.
- Stockholding Corporation ties up with Payoye to enable QR code based paymentsStockholding is a government company, a subsidiary of IFCI, and is a market leader in providing financial services for over 26 years.
- SBI joins hands with NICL to offer non-life cover under Pradhan Mantri Suraksha Bima YojanaThe bank will offer personal accidental death and disability cover of Rs 2 lakh under the scheme, it said in a release.
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