new india assurance

Non-life insurers log 17 percent growth in first quarter


July 12th, 2012 - 4:36 pm ICT by IANS
Chennai, July 12 (IANS) The 24 non-life insurance companies logged 17.96 percent business growth during the first quarter of the current fiscal, said industry sources."The industry closed the first quarter ... 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 |

India to help boost Nigeria’s air defences


May 17th, 2012 - 12:04 pm ICT by IANS
Abuja, May 17 (IANS) India and Nigeria were collaborating to boost the West African country's air defences, Indian High Commissioner Mahesh Sachdev has said.Both countries had a long standing defence ... Read more...

Posted in World |

Indian firm to open new office in Trinidad and Tobago


February 22nd, 2012 - 2:20 pm ICT by IANS
Port of Spain, Feb 22 (IANS) A multi-million-dollar new head office of the New India Assurance will be completed in Trinidad and Tobogo this year, an official from the insurance ... Read more...

Posted in Business |

Thailand seeks Indian investments


January 25th, 2012 - 9:45 pm ICT by IANS
New Delhi, Jan 25 (IANS) Thai Prime Minister Yingluck Shinawatra Wednesday asked Indian businesses to invest in her country, saying it could act as a gateway to the larger ASEAN ... Read more...

Posted in Business |

Damage by cyclone Thane to lower general insurers’ profits


January 3rd, 2012 - 6:14 pm ICT by IANS
Chennai, Jan 3 (IANS) Insurance claims after Cyclone Thane crossed Cuddalore on the Tamil Nadu coast last week leaving a trail of death and destruction could bring down profits of ... Read more...

Posted in Business |

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 |

Haryana doctor gets fire insurance claim after 10 years (Lead)


June 3rd, 2011 - 3:07 pm ICT by IANS
Chandigarh, June 3 (IANS) After almost 10 years of legal battle to get insurance claim for medical instruments destroyed in a fire in his hospital, Haryana-based doctor M.M. Krishan will ... Read more...

Posted in Uncategorized |

Haryana doctor to get insurance claim after 10 years


June 3rd, 2011 - 2:58 pm ICT by IANS
Chandigarh, June 3 (IANS) Almost 10 years after a fire broke out in his hospital and destroyed equipment, Haryana-based doctor M.M. Krishan finally managed to claim his insurance amount after ... Read more...

Posted in Health |

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 |

Indian insurers taking stock of Japanese tsunami


March 11th, 2011 - 9:48 pm ICT by IANS
Chennai, March 11 (IANS) Indian insurers - New India Assurance Company Ltd and General Insurance Corporation of India (GIC Re) - are taking stock of their risk exposure in Japan ... Read more...

Posted in Business |

Indian products and services show in Nigeria this month


January 17th, 2011 - 1:51 pm ICT by IANS
By Francis Kokutse Lagos, Jan 17 (IANS) With Indian outreach to Africa steadily growing, a major Indian products and services show is being mounted here later this month amid high hopes that ... 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 |

Insurance firm to turn Nepal loss into silver lining


October 12th, 2010 - 4:00 pm ICT by IANS
By Sudeshna Sarkar Kathmandu, Oct 12 (IANS) Less than two months after being hit by a plane crash in Nepal that killed all 14 people on board and destroyed the aircraft, National Insurance ... Read more...

Posted in Business |

CVC recommends major penalty proceedings against 96 officials


September 14th, 2010 - 8:37 pm ICT by ANI
New Delhi, Sep.14 (ANI): The Central Vigilance Commission has recommended major penalty proceedings against 96 officers, as it disposed of 1387 cases during July 2010 referred to it for advice."Of ... Read more...

Posted in National |

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 |

CAT insurance could be mandatory: IRDA


August 11th, 2010 - 8:57 pm ICT by IANS
New Delhi, Aug 11 (IANS) The Insurance Regulatory and Development Authority (IRDA) Wednesday said mandating lenders to take catastrophic (CAT) insurance irrespective of the location of the properties for which they have ... 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 |

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 |

Insurance firms told not to blacklist hospitals arbitrarily


May 14th, 2010 - 11:40 pm ICT by IANS
Gandhinagar, May 14 (IANS) The Gujarat High Court Friday directed insurance companies that they cannot blacklist any hospital and refuse passing mediclaims without giving them the opportunity of being heard. The ... Read more...

Posted in Uncategorized |

Wage talks fail to to break insurance sector stalemate


May 10th, 2010 - 5:36 pm ICT by IANS
Chennai, May 10 (IANS) The much expected wage talks in the state-owned non-life insurance sector has ended in a stalemate. The employees unions were upbeat about getting better offer from the General Insurers ... Read more...

Posted in Business |

PSU general insurance employees upbeat about wage hike


May 6th, 2010 - 3:20 pm ICT by IANS
Chennai, May 6 (IANS) Employees unions of four government-owned non-life insurance agencies are upbeat about getting a good wage settlement in the wake of a 14 percent premium growth the insurers have ... Read more...

Posted in Business |

PSU insurers plan health claims settlement agency


May 3rd, 2010 - 8:51 pm ICT by IANS
Chennai, May 3 (IANS) Four state-owned non-life insurers - National Insurance Company, New India Assurance Company, Oriental Insurance Company and United India Insurance Company - are moving towards floating a common ... Read more...

Posted in Business |

United India achieves Rs.5,000-cr premium mark in 2009-10


April 1st, 2010 - 6:29 pm ICT by IANS
Chennai, April 1 (IANS) Government owned non-life insurer United India Insurance Company is likely to close last fiscal with a premium income of Rs.5,100 crore up from Rs.4,277 crore earned in 2008-09. "We ... Read more...

Posted in Business |

Public non-life insurers’ employees to strike


March 25th, 2010 - 7:05 pm ICT by IANS
Chennai, Mar 25 (IANS) Around one lakh employees of four Indian government owned non-life insurers will strike work for two hours March 31, demanding 40 percent pay hike and an option to ... Read more...

Posted in Business |

M. Ramadoss next chairman of New India Assurance


December 29th, 2009 - 8:35 pm ICT by IANS
Chennai, Dec 29 (IANS) M. Ramadoss, the current chairman and managing director of the Delhi-headquartered Oriental Insurance Co, has been selected to head the country's leading non-life insurer New India Assurance. Ramadoss will ... Read more...

Posted in Business |

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...

Posted in Business |

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...

Posted in Business |

CVC displays list of ‘corrupt’ officials first time (Lead)


September 17th, 2009 - 10:52 pm ICT by IANS
New Delhi, Sep 17 (IANS) Officials from the Indian Police Service, nationalised banks, forest service and the railway ministry are among the 123 against whom the Central Vigilance Commission (CVC) has advised ... Read more...

Posted in Uncategorized |

Oriental Insurance to start incentive scheme for employees


August 7th, 2009 - 7:54 pm ICT by IANS
Chennai, Aug 7 (IANS) State-run non-life insurer Oriental Insurance will introduce an incentive scheme this fiscal for its high performing employees, a top official said here Friday. ... Read more...

Posted in Business |

Chandraprasad new CMD of National Insurance


June 5th, 2009 - 9:43 pm ICT by IANS
Kolkata, June 5 (IANS) N.S.R. Chandraprasad Friday took over as chairman-cum-managing director of National Insurance Co, succeeding V. Ramasaamy who demitted office May 31. Chandraprasad joined the general insurance industry in 1978 as ... Read more...

Posted in Business |

United India Insurance mulls overseas foray


May 4th, 2009 - 9:24 pm ICT by IANS
Chennai, May 4 (IANS) Public sector non-life insurer United India Insurance Co Ltd is planning to launch overseas operations shortly, a top official said here Monday. Announcing the company's performance for fiscal 2008-09, ... Read more...

Posted in Business |

Mumbai’s Trident to open Sunday, Oberoi six months later


December 20th, 2008 - 3:23 pm ICT by IANS
Mumbai, Dec 20 (IANS) The Trident hotel here will reopen Sunday, less than a month after terrorists ravaged it, but it will take "six to seven" months for the Oberoi to resume ... Read more...

Posted in Business |

Mumbai attack - mixed bag for insurers


November 30th, 2008 - 1:19 pm ICT by IANS
Chennai, Nov 30 (IANS) The bottomlines of insurance companies that have insured the terrorist-attacked hotels in Mumbai will not be affected by property damage claims as the loss will be met from ... Read more...

Posted in Uncategorized |

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