PSU general insurers' market share dips marginally, says IRDA

Market share of public sector general insurers dropped to 55.61 per cent in FY13 from 57.80 per cent in the previous fiscal despite a rise in premium collection during the period, sector regulator IRDA said in its annual report 

New India Assurance to open offices in Canada, Qatar: CMD

As part of efforts for strengthening its presence in overseas markets, insurance service provider New India Assurance was looking at setting up offices in Qatar, Myanmar and Canada, according to a top company official 

NICL and Bihar Govt. Launches Insurance for Journalist

 Nitish Kumar government  launched Bihar Rajya Patrakar Bima Yojana- 2014 to provide group mediclaim and personal accident insurance to journalists working in the state

Sanath Kumar to be next CMD of National Insurance Company Ltd!

Latest information says that K Sanath Kumar, General Manager and Whole-Time Director in The New India Assurance Co. Ltd. is now the front runner for the post of the Chairman-cum-Managing Director of the National Insurance Corporation Limited (NICL). The present incumbent NSR Chandraprasad is retiring on February 28, 2014.

Court directed Oriental Insurance company to pay Rs 2.04 lakh for stolen vehicle

 Chhattisgarh State Consumer DisputesRedressal Commission has set aside an order of Raigarh district forum and directed Oriental Insurance company to pay Rs 2.04 lakh..Read More

SC relief for long-time tenants in public buildings

 The Supreme Court on Tuesday came to the rescue of thousands of residents of housesowned by public companies by limiting the application of a tough eviction law..Read More

New India Assurance fined Rs 3 lakh for breaking mediclaim rule

The South Mumbai district consumer forum recently directed New India Assurance to compensate a policy holder Rs 3,27,067, with 6% interest from January 2010, after the insurer denied him payout.The forum also ordered additional damages of Rs 10,000 and Rs 3,000 as litigation cost reimbursement...Read More

NICL Former CMD Chandraprasad says the youth should make use of the opportunities in the insurance sector..

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