New India Assurance, GIC Re at odds over Kudankulam Nuclear Power Plant insurance coverThe insurance cover of more than ₹43,200 crore is sought for the under-construction units 3 and 4 of the Kudankulam Nuclear Power Plant. Th...
Anjan Dey likely to be named acting chairman of New India AssuranceDey will continue to be the chairman of Oriental Insurance, making it the first time a chairman will be in charge of two insurers. Generall...
India’s exports are booming, but is the euphoria temporary?India’s exports were stuck in the $300-$350-billion range for almost a decade. FY22 seems to have changed that, with the $400-billion targe...
Nine elephant corridors are being identified for Kaziranga National Park and Tiger ReserveA meeting was held at the office chamber of Veterinary and Animal Husbandry Minister, Atul Bora in which Environment and Forest Minister Pa...
New India Assurance Co Q4 profit jumps 91% to Rs 241 crNet premium grew 15.9 per cent to Rs 7,291 crore in Q4.
Over half of FY21 Covid mediclaims filed in just six weeksAs of March 31, non-life companies including health insurers received 9.8 lakh claims for Rs 14,560 crore for treatment of Covid-19. This w...
Over half of FY21 Covid mediclaims in just 6 weeksAs of March 31, non-life companies, including health insurers, received 9.8 lakh claims for Rs 14,560 crore for Covid treatment. This went ...
New India Assurance Q3 results: Net profit rises 6% to Rs 524 crThe general insurer also reported a 4.3 per cent increase in total income at Rs 7,982.74 crore in Q3 of 2020-21 as against Rs 7,652.59 cror...
Mumbai buys most health covers in FY21Mumbai now is our fastest growing metro in retail health insurance sales. Its growth is far higher than last year’s increase. We have seen ...
Covid health insurance claims near 1 lakh as private treatment growsOn an average, 2,000 claims are being reported per day out of the 50,000-odd positive results. However at current levels, claims are relati...
Covid claims near 1 lakh as pvt treatment growsHealth insurance claims related to Covid-19 are inching towards the 1-lakh mark, with the value of the claims at around Rs 1,400 crore.
Motor insurance bleeds with lockdown, nearly 50% dip in April salesInsurers say, sales under the lockdown were also impacted because IRDAI gave nearly a two-month grace period for premium payment for motor ...
Your health insurance premium could rise 50-300% thanks to PSU bank mergersQueries by TOI showed that PSB customers who for years enjoyed group mediclaim at rates of Rs 7,500-12,000, will see their premiums jump to...
IRDAI sets up panel to revisit 3-yr old trade credit insurance guidelinesIRDAI said it decided to revisit the guidelines after it received representations from various stakeholders.
Adventurous business practices can hurt companies: New India Assurance CMD Atul Sahai"Growth in motor is possibly at the lowest level of 0.4%. It is going to take another six-seven months before motor insurance sales will st...
Merger of 3 PSU non-life insurers may be delayedWhile July 16 has been fixed as the last date for receipt of expression of interest from consultants, the government is yet to announce the...
Everstone, ex-Headstrong team to bid for IT buysEverstone Capital and Solmark, have emerged as a frontrunner to acquire a significant stake in Servion Global Solutions.