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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...
- 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 ...
- Axis Bank board approves reclassification of United India Insurance as public shareholderThe private sector lender said it will seek approval from the shareholders through an ordinary resolution for the required reclassification.
- 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...
- Government halts merger of 3 PSU general insurers; to infuse Rs 12,450 croreThe recapitalization will make the three state-owned general insurance companies more stable, Javadekar said.
- 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...
- Competition Appellate Tribunal's relief for insurance, auto companies, DLF & LupinCOMPAT reduced a Rs 671 crore penalty slapped by the Competition Commission of India (CCI) on four public sector insurance companies to jus...
- No decision yet on Cairn-Vedanta deal: United India InsuranceUnited India Insurance Company Ltd (UIICL), one of the shareholders in Cairn India, today said it has not taken any stand on the merger iss...
- UIICL plans to deploy 50,000 agents countrywideUnited India Insurance Company Ltd (UIICL) has said it plans to deploy 50,000 agents across the country in the next couple of years to stre...
- United India growth dips to 5 pc on de-tariffingUnited India Insurance Co Ltd on Friday said the growth of the company during the current financial year upto October was down by five per ...
- Insurance Cos can't deny claims for violation of other lawsThe National Consumer Commission has held that insurance companies, if the terms of the policy were not breached, cannot refuse to entertai...
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