General Insurance Industry witnesses PAT declines by 90% in FY19
The general insurance industry witnessed its profit after tax (PAT) in FY19 down 90% to Rs 683 crore compared to a PAT of Rs 6,909 in FY18, according to IRDAI…
Mr.M.G.Diwan – A tribute by BIMTECH
An eventful era of accomplishments came to an end with the death of Mr. Mukund G. Diwan – the doyen of Indian insurance industry. As an institution builder par excellence…
Malay Kumar Poddar is the new Chairman Cum Managing Director of Agriculture Insurance Company of India
Malay Kumar Poddar joined as Chairman-cum-Managing Director of Agriculture Insurance Company of India Limited on 18th December 2019. He started with General Insurance Corporation of India (GIC), Mumbai, as a…
Travel insurances evolve to cover new set of risks
Keeping the way Indians travel in mind, insurance companies are customising policies with the aim to meet their requirements. The insurers are designing the covers keeping in mind the traveller’s…
Mr. Devesh Srivastava joins as new Chairman cum Managing Director of GIC Re
Mr. Devesh Srivastava joined as new Chairman cum Managing Director of GIC Re on 17.12.2019 A direct recruit officer of the 1987 batch, Devesh went through places in his…
Travel insurances evolve to cover new set of risks
Keeping the way Indians travel in mind, insurance companies are customising policies with the aim to meet their requirements. The insurers are designing the covers keeping in mind the traveller’s…
CM asks officials to bring all farmers under insurance scheme
Chief Minister Mamata Banerjee has recently said the officials of Murshidabad district to reach the target of 100% coverage of the state government's crop insurance scheme for farmers. CM during…
Govt. to offer incentives to private hospitals to accelerate insurance programme
In order to take part in the health insurance program “Modicare”, the government will offer incentives to private hospitals, according to a senior government official. Launched last year, the "Modicare"…
ISRO likely to purchase first insurance policy for satellite
According to the information from sources, the Indian Space Research Organisation (ISRO) is eyeing to buy its first insurance policy for a domestically launched space satellite, the first since it…
ISRO likely to purchase first insurance policy for satellite
According to the information from sources, the Indian Space Research Organisation (ISRO) is eying to buy its first insurance policy for a domestically launched space satellite, the first since it…