New India Assurance PAT up 27% in 9-month period
New India Assurance posted a net profit of Rs. 900 crore for the nine-month period ended December, up 27.2 per cent on year even as gross premium growth was muted…
Madhulika Bhaskar given additional charge as CMD of New India Assurance
The government said that New India Assurance GM Madhulika Bhaskar would hold additional charge as chairman and MD of the company for three months. The listed company has been operating…
Underwriting losses of Insurance Industry rise to Rs 22,859 crore
The total underwriting losses of the insurance industry have surged by 4.4 per cent to Rs 22,859 crore in 2019-20, compared to the previous financial year, according to statistics…
Internet businesses rush in as the pandemic widens insurance market
India's burgeoning internet economy is slowly warming up to the potential of its massively underpenetrated insurance market. The country's largest consumer internet platforms - from Flipkart to Paytm - are…
LIC, GIC, New India Assurance identified as D-SIIs
The Life Insurance Corporation of India (LIC), General Insurance Corporation of India and The New India Assurance Co have been identified as Domestic Systemically Important Insurers (D-SIIs) for 2020-21 by…
Reinsurers to pay out over 90% of crashed Air India claim
Global reinsurers will have to shell out over 90 per cent of the insured value of the Air India plane that was destroyed in the accident at the Kozhikode airport,…
Central Government may reduce stake in New India Assurance and GIC Re
After the initial public offerings of General Insurance Re and New India Assurance last year, the government is planning to reduce its stake further in the two companies with offers…
Interview with Mr. G Srinivasan, Chairman, New India Assurance
Mr Srinivasan enjoys the distinction of becoming Chairman Cum Managing Director of United India Insurance Co. Ltd, one of India’s leading PSU Insurance Company at a relatively young age in…
Insurers to assess premium under D & O policy
In wake of shakeup in Corporate Boards, growing NPA’s in banks, growing defaults by Corporates, the Insurance companies have begun to re assess their exposure in Director & Liability Policy so…
New India Assurance launches global mediclaim cover
New India Assurance Company has launched a global mediclaim policy that will offer lifelong cover for global hospitalisation expenses including cancer, neurosurgery, heart surgery, organ transplant, and bone marrow transplant…