Three PSU insurance firms get new CMDs
The Central government has effected a top-level reshuffle among the CMDs of public sector insurance companies recently. G Srinivasan, CMD, United India Insurance who has been at the helm of…
safeguard: Health insurance for poor to cover domestic help, vendors
The Delhi government has decided to widen the ambit of the Rastriya Swasthya Bima Yojna (RSBY), a Centre-sponsored health insurance scheme for the poor, in the city.
Will look at picking up SUTTI stakes if asked, says LIC
LIC recently said it has not been approached by the government to pick up the latter's stakes in Axis Bank, L&T and ITC, which are currently held by the Special…
Kin of traffic cop killed in road mishap get Rs 37 lakh
The family members of a traffic constable, who died after a motorcyle hit his two-wheeler, have been granted over Rs 37 lakh as compensation by a motor accident claims tribunal…
New India Assurance Insurance firm to pay Rs 1.05 lakh for denying medi-claim
New India Assurance has been directed by a consumer forum here to pay Rs 1.05 lakh to a policy holder for rejecting his claim for medical expenses incurred on treatment…
Motor Insurance Business – A bleeding portfolio worsening after liberalization
The origin of Motor Insurance began in 1895 in England. It is surprising to note, when he motor vehicles started its operation, General Insurance Corporation was the first company to…
Life Insurance Article: The need to cover the death risk should be predominant of all the needs
Life Insurance Products cover the risk of financial losses due to premature death. They also cover the risk of living too long by making payment in lump sum or in…
Govt invites applications for post of IRDA chairman
The Department of Financial Services, Ministry of Finance has invited applications for the post of Chairperson, Insurance Regulatory and Development Authority (IRDA). The position of the chairman will be vacant…
Religare Health Insurance launches operations
Care offers a host of ‘industry-first’ features—including a wide range of sum insured—up to Rs. 60 lakh Religare Health Insurance, a part of Religare Enterprises Limited- a leading diversified financial…
Bharti AXA Life Insurance appoints Vineet Patni new Chief Distribution Officer
He was also a Board Member and chairperson of the Audit Committee for Commercial International Life Insurance Co. Ltd. Bharti AXA Life Insurance, the private life insurance joint venture between…