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Settle claims fast, govt tells insurance firms

The Union finance ministry has asked insurance companies to arrange for immediate settlement of claims by families affected by tsunamis.The ministry has also advised the Reserve Bank of India to......

LIC may look at entering health, non-life insurance businesses

 The Life Insurance Corporation of India has the wherewithal to acquire a composite license, a top source aware of the development told Business Standard, adding that the insurance behemoth may look......

Jaitley proposes listing of PSU general insurance companies

   Finance Minister Arun Jaitley on Monday proposed listing of four wholly-owned PSU general insurance companies. ". . .(proposed to) undertaking important banking sector reform and public......

State-run non-life insurers' unions seek merger of all 4 companies

 Employee unions of four state-owned non-life insurers have called for a merger of all these companies and form a single general insurance behemoth to strengthen their market share and become more......

Non-life insurers may raise premium rate

 Non-life insurance companies say premium charged on policies sold by them is likely to increase from next year because of a proposed change in the way their income is calculated. The Union Budget......

4 non-life insurers to be headless by Feb

 Four public sector non-life insurance companies including General Insurance Corporation will become headless by February 2005. As many as 20 general managers from the public sector non-life......

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