general insurance companies

General insurers, with value twice of equity base, can tap public: IRDA


September 19th, 2012 - 1:06 am ICT by IANS
Chennai, Sep 18 (IANS) Ten years in business with an embedded value of at least twice the paid capital and maintaining a solvency margin are some of the terms that ... Read more...

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IRDA asks general insurers to avoid unhealthy competition


December 16th, 2011 - 5:59 pm ICT by IANS
Kolkata, Dec 16 (IANS) The insurance regulator Friday asked general insurance companies not to indulge in "unhealthy competition" that has led them to incur huge losses."I urge the companies to ... Read more...

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Naming of RIL’s insurance venture will be interesting


June 11th, 2011 - 2:48 pm ICT by IANS
Chennai, June 11 (IANS) With Reliance Industries buying out Bharti Enterprises' 74 percent stakes in two insurance joint ventures -- Bharti Axa Life Insurance and Bharti Axa General Insurance, the ... Read more...

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Are low health premiums viable, asks insurance regulator


December 11th, 2010 - 9:43 pm ICT by IANS
Chennai, Dec 11 (IANS) The Insurance Regulatory and Development Authority (IRDA) Saturday expressed its concern at the low premium charged by some government health insurance schemes and the rampant undercutting of ... Read more...

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PSU general insurance employees turn lakhpatis with wage hike


November 1st, 2010 - 4:35 pm ICT by IANS
Chennai, Nov 1 (IANS) A majority of nearly 40,000 employees working in four government-run general insurance companies will go home Monday as lakhpatis, getting handsome arrears that range between Rs.100,000 and Rs.500,000 ... Read more...

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State-run insurers not to withdraw cashless reimbursement


August 17th, 2010 - 7:14 pm ICT by IANS
New Delhi, Aug 17 (IANS) State-run general insurance companies will not withdraw cashless health or accidental insurance products and customers can avail such services from the network of hospitals approved by the ... Read more...

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Indian Bank seeks partners for merchant banking and MF business


July 25th, 2010 - 2:45 pm ICT by IANS
Chennai, July 25 (IANS) Indian Bank is in the process of inducting partners for its merchant banking and mutual fund arms and merging the housing finance outfit with itself, a top official ... Read more...

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Wage revision talks Tuesday with insurance unions


December 21st, 2009 - 2:18 pm ICT by IANS
Chennai, Dec 21 (IANS) The General Insurers (Public Sector) Association of India (GIPSA) has called for a new round of talks Tuesday with the unions of four government-owned non-life insurance companies after ... Read more...

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New India Assurance Co. is headless for over two months


December 20th, 2009 - 7:36 pm ICT by IANS
Chennai, Dec 20 (IANS) Mumbai-based Rs.5,516-crore premium New India Assurance Company Ltd - one of the four government-owned general insurance companies - has remained headless for the past two and a half ... Read more...

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Larsen and Toubro plans to start a bank


August 20th, 2009 - 8:08 pm ICT by IANS
Chennai, Aug 20 (IANS) The financial services arm of construction and engineering major Larsen and Toubro (L&T) is planning to set up a commercial bank as part of its efforts to have ... Read more...

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Insurance companies on roll, target Rs.500 bn in premium


May 29th, 2008 - 9:40 pm ICT by admin
Kolkata, May 29 (IANS) With the gross direct premium up by nearly Rs.200 billion during years 2002-08 and expected to reach Rs.500 billion in next five years, the insurance industry is on ... Read more...

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Export cargo to now get transit insurance cover


May 16th, 2008 - 7:59 pm ICT by admin
Chennai, May 16 (IANS) With some general insurance companies already offering to exporters risk coverage for both credit and transit of goods, the Export Credit Guarantee Corporation of India (ECGC) has joined ... Read more...

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