Govt to allow insurance cover for upto 5 lakh of deposits
At a time when cooperative banks are failing and the rumours of weak banks spread panic in the industry, the government has decided to allow insurance cover for up to…
IRDAI levies fine on ICICI Lombard, Tata AIG
The IRDAI has imposed fine of Rs 1 crore on ICICI Lombard General Insurance Co and Tata AIG General Insurance Co for violating various norms. ICICI Lombard has been pulled…
GIC Re increases rates of fire premium
General Insurance Corporation (GIC Re) has announced a hike in its premiums for the property insurance segment all over 291 occupancies under the fire portfolio. The increased premium came in…