india insurance

United India to expand micro-offices, agency channel


September 18th, 2012 - 1:44 pm ICT by IANS
Chennai, Sep 18 (IANS) United India Insurance Company plans to hire 21,000 agents and open 200 one-man offices in smaller cities and towns this fiscal to reach a gross premium ... Read more...

Posted in Business |

32 die as Tamil Nadu Express catches fire (Roundup)


July 30th, 2012 - 9:18 pm ICT by IANS
Hyderabad/Chennai, July 30 (IANS) In one of India's most horrific train tragedies, 32 people were killed when a second class coach of the Chennai-bound Tamil Nadu Express caught fire ... Read more...

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Alive by God’s grace, says train fire survivor


July 30th, 2012 - 7:31 pm ICT by IANS
Chennai, July 30 (IANS) A shaken survivor of the fire in a sleeper coach of the New Delhi-Chennai Tamil Nadu Express Monday attributed his survival to the "grace of God"."It ... Read more...

Posted in Uncategorized |

Indian insurers asked to spread wings abroad


July 6th, 2012 - 8:14 pm ICT by IANS
Kolkata, July 6 (IANS) Indian insurers should look overseas and expand their international footprints, the insurance regulator suggested Friday."This is time now when our homegrown insurers should look at overseas ... Read more...

Posted in Business |

Non-life insurers post 18 percent growth in May 2012


June 28th, 2012 - 1:22 am ICT by IANS
Chennai, June 27 (IANS) The Indian non-life insurance sector logged an overall premium growth of 18.27 percent in May 2012 as compared to the same period of 2011, as ... Read more...

Posted in Business |

Three private firms’ directors booked for fraud


February 28th, 2012 - 12:56 am ICT by IANS
New Delhi, Feb 27 (IANS) Directors of two companies based in Haryana's Sonepat and one in the union territory of Daman have been booked for fraudulently causing loss to insurance ... Read more...

Posted in Uncategorized |

United India to cross Rs.8,000 crore premium


February 14th, 2012 - 6:31 pm ICT by IANS
Chennai, Feb 14 (IANS) United India Insurance Co has logged a fresh premium of Rs.5,872 crore in the first nine months of the current fiscal and hopes to cross a ... Read more...

Posted in Business |

Revamped health insurance scheme launched


January 11th, 2012 - 10:22 pm ICT by IANS
Chennai, Jan 11 (IANS) Tamil Nadu Chief Minister J. Jayalalithaa Wednesday rolled out a revamped comprehensive health insurance scheme for the poor to benefit 1.34 crore families at an annual ... Read more...

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Chemplast Sanmar PVC plant shut down for 10 days


January 3rd, 2012 - 11:34 pm ICT by IANS
Chennai, Jan 3 (IANS) City-based Chemplast Sanmar Ltd's polyvinyl chloride (PVC) plant at Cuddalore has been shut down for around 10 days to check its systems post Cyclone Thane, a ... Read more...

Posted in Business |

United India Insurance targets Rs.8,000 crore premium


November 10th, 2011 - 7:06 pm ICT by IANS
Chennai, Nov 10 (IANS) Logging an average business growth of 27 percent this fiscal, public sector non-life insurer United India Insurance Company Ltd Thursday said it is targeting a gross ... Read more...

Posted in Business |

Schoolboy Jayavel bags chess title


October 10th, 2011 - 8:45 pm ICT by IANS
Chennai, Oct 10 (IANS) Local schoolboy Mugil Jayavel emerged champion in the inaugural United India Insurance - CDCA FIDE Rated chess tournament (Below 2200), with a tally of 10.0 points ... Read more...

Posted in Sports |

Salim stops Jayavel, snatches lead in chess tourney


October 8th, 2011 - 7:36 pm ICT by IANS
Chennai, Oct 8 (IANS) Local schoolboy Osama Salim (Velammal School) scored over leader Mugil Jayavel and led the table with 8.5 points after the ninth round in the United India ... Read more...

Posted in Sports |

Mugil Jayavel moves into sole lead in chess tournament


October 7th, 2011 - 8:35 pm ICT by IANS
Chennai, Oct 7 (IANS) Mugil Jayavel, a student of local Don Bosco School, defeated Ramakrishna Perumalla (AP) and moved into sole lead with 7.0 points in the United India Insurance-CDCA ... Read more...

Posted in Sports |

Elijah Emojong among leaders in chess tournament


October 6th, 2011 - 8:52 pm ICT by IANS
Chennai, Oct 6 (IANS) Top seed and FIDE Master Elijah Emojong of Uganda moved into the joint lead with 4.0 points after defeating Srija Seshadri in the fourth round ... Read more...

Posted in Sports |

Sai Saravanan upsets Jaswant in chess tournament


October 5th, 2011 - 7:37 pm ICT by IANS
Chennai, Oct 5 (IANS) The inaugural United India Insurance-CDCA FIDE Rated chess tournament (below 2200) took off with an upset as 12th seed Jaswant G. lost to Sai Saravanan here ... Read more...

Posted in Sports |

Non-life insurers log 27 percent business growth in May


June 25th, 2011 - 7:45 pm ICT by IANS
Chennai, June 25 (IANS) The Indian non-life insurance sector logged around 27 percent business growth in May 2011 over the corresponding period in 2010, as per the figures released by ... Read more...

Posted in Business |

Non-life insurers post 19 percent growth in April


May 31st, 2011 - 7:28 pm ICT by IANS
Chennai, May 31 (IANS) The Indian non-life insurance sector logged a business growth of 19.87 percent last month as compared to the gross premium earned during April 2010.According to the ... Read more...

Posted in Business |

United India targets Rs.8,000 crore premium income


May 3rd, 2011 - 9:42 pm ICT by IANS
Chennai, May 3 (IANS) Government-owned non-life insurer United India Insurance Company Ltd. is targeting gross premium of around Rs.8,000 crore for the current fiscal, up from Rs.6,376.66 crore the company ... Read more...

Posted in Business |

Arunachal MP demands new copter on Guwahati-Tawang route


April 29th, 2011 - 3:27 pm ICT by ANI
Itanagar, Apr 29(ANI): Lok Sabha member from Arunachal Pradesh, Takam Sanjoy, today demanded Pawan Hans Helicopter Services Limited (PHHL) to deploy a new chopper for the immediate resumption of service on the ... Read more...

Posted in National |

GAIL, PEC get awards for most efficient state-run firms


April 22nd, 2011 - 6:07 pm ICT by IANS
New Delhi, April 22 (IANS) State-run Gas Authority of India Ltd (GAIL) and international trading firm PEC Ltd have won awards for being the most efficient public sector undertakings ... Read more...

Posted in Uncategorized |

Profitability big challenge for Indian insurers: Report


April 11th, 2011 - 7:30 pm ICT by IANS
Chennai, April 11 (IANS) Profitability is the biggest challenge facing companies in the Indian insurance market, which is expected to reach $350-400 billion in premium income by 2020, says a ... Read more...

Posted in Uncategorized |

AISECT launches its common service centre project in Punjab


January 7th, 2011 - 5:27 pm ICT by ANI
Chandigarh, Jan.7 (ANI): AISECT, which is India's largest Education and Training Services network, has launched its Common Service Centre (CSC) project in Punjab.The organization had recently signed an agreement with the ... Read more...

Posted in Business |

Insurance fund for road accident victims facing deficit


December 11th, 2010 - 10:10 pm ICT by IANS
Chennai, Dec 11 (IANS) The system of paying third-party liability claims in road accidents out of a common premium pool is likely to continue in the future while the corpus is running ... Read more...

Posted in Business |

Regulator cancels Pritam Insurance Brokers licence


December 3rd, 2010 - 12:08 am ICT by IANS
Chennai, Dec 2 (IANS) The Insurance Regulatory and Development Authority (IRDA) Thursday formally cancelled the licence of Pritam Insurance Brokers - now known as Mount Shikhar Insurance Brokers.The broking company agreed to ... Read more...

Posted in Business |

Himachal to provide free medicines to poor


November 17th, 2010 - 8:11 pm ICT by IANS
Shimla, Nov 17 (IANS) The Himachal Pradesh government Wednesday announced it would provide medicines free of cost to people living below poverty line (BPL) in the state.Chief Minister Prem Kumar Dhumal, at ... Read more...

Posted in Health |

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...

Posted in Business |

Gujarat court penalises insurance firm


October 13th, 2010 - 9:22 pm ICT by IANS
Gandhinagar, Oct 13 (IANS) The Gujarat High Court Wednesday imposed a cost of Rs.10,000 on an insurance company for not co-operating in a case related to payment of claims to the kin ... Read more...

Posted in Business |

Developmental funds to be routed through panchayats


September 8th, 2010 - 12:03 am ICT by IANS
Chennai, Sep 7 (IANS) The central government is planning to route developmental funds through panchayats in order to wean people away from Maoism and prevent youth from joining the rebels, Minister ... Read more...

Posted in Business |

‘Chennai hotels are sitting ducks to attacks’


September 4th, 2010 - 8:42 pm ICT by IANS
Chennai, Sep 4 (IANS) Days after a luxury hotel located in a prime location here was attacked by a mob, hotel industry players Saturday said they have become a soft target of ... Read more...

Posted in Business |

Ergo looking for partners to start life insurance business


August 26th, 2010 - 5:41 pm ICT by IANS
Chennai, Aug 26 (IANS) German insurance group Ergo is scouting for partners to enter the Indian life insurance business. "We are in talks with several parties. We are not interested in buying ... Read more...

Posted in Business |

State-run general insurers scout partner for new company


August 15th, 2010 - 1:36 pm ICT by IANS
By Venkatachari Jagannathan Chennai, Aug 15 (IANS) The General Insurers Public Sector Association (GIPSA), a group of four state-owned non-life insurers, will invite partners to pick a 26-percent stake in a proposed company ... Read more...

Posted in Business |

Public sector insurers to push for a common claims settling agency


July 11th, 2010 - 2:58 pm ICT by IANS
Chennai, July 11 (IANS) The four government-owned non-life insurers -- National Insurance, New India Assurance, Oriental Insurance and United India Insurance-- will soon be taking forward their idea of floating a ... Read more...

Posted in Health |

‘Withdrawal of cashless health treatment retrograde’


July 10th, 2010 - 7:52 pm ICT by IANS
New Delhi/Chennai, July 10 (IANS) Policyholders and corporates subscribing to medical cover are appalled by a move by state-run insurance firms to withdraw cashless facility for treatment, even as several hospitals have ... Read more...

Posted in Business |

Even poor man’s son can rise to become IAS officer: Court


June 10th, 2010 - 9:50 pm ICT by IANS
New Delhi, June 10 (IANS) There was "no presumption that son of a poor man could not rise to level of an IAS officer or a successful businessman", said the Delhi High ... Read more...

Posted in Uncategorized |

Insurance Regulatory Authority cancels license of 4261 agents


June 10th, 2010 - 2:54 pm ICT by ANI
New Delhi, June 10 (ANI): The Insurance Regulatory Development Authority of India (IRDA) has cancelled the licences of 4,260 corporate agents of various insurance companies as they did not seek renewal of ... Read more...

Posted in National |

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