General Insurance

Centre may also come up with a plan to provide third-party insurance cover for motor vehicles when they are impounded by traffic police or transport department officials

Firm will have to refile for public issue

Says insurance giant is well-placed to make most of a composite license; in fact it was a composite insurer till early 1970s, when Oriental Insurance was carved out

Life insurers paid benefits to the tune of Rs 5.02 trillion in FY22, says regulator's annual report

CoC decide whether Hinduja offer is legally valid or not as e-auction has ended

Here is the list of top leaders of general insurance sector on panel for the BS BFSI Insight Summit 2022

Unless the underwriting business starts looking up, brokerages are reluctant to give a buy call on the stock despite the recent rally

Auction to be held on two days, starting December 22

Suggests allowing insurers to sell other financial products

The obligatory cession was reduced from 5 per cent to 4 per cent in FY23. The regulator has been reducing the obligatory cession over time

PE firm previously submitted the highest non-binding bid for the business

Demand for health and motor insurance to continue though growth may dip, say experts

But examine countries covered and claim settlement mode

Seeks to revise order of preference while placing reinsurance business

Motor insurance, which saw muted growth in the last two years, has finally seen some momentum, although the base is low

Experts say the government's decision to link wage revision with performance could have been pivoted on the financial health of the four public-sector insurers

Gross direct premium income up 17% to Rs 5,185 cr; combined ratio, which indicates underwriting discipline, stable at 105.1%

The Indian non-life industry logged 15.3 per cent growth during the first half of FY23 as compared to 12.6 per cent growth for the same period previous year, CARE Ratings Ltd said.

On October 14, the finance ministry notified the wage revision plan for officers and employees of state-run insurers which is expected to cost Rs 8,000 crore to these companies