New India Assurance and Niva Bupa have invested in the Bima Sugam India Federation.
In the past 10 trading sessions, shares of the state-owned company have shot up more than 50 per cent.
United India Insurance chief G Srinivasan has taken up the additional charge of CMD.
Claim breach in procedure, demand probes; Reliance denies charge
Leading public sector general insurers have mooted the idea for a regulator to standardise the costs of medical treatment across the country.
Life Insurance Corporation of India, its foreign arm LIC International and the New India Assurance Co will join hands for setting up a joint venture company in Saudi Arabia to offer life and non-life insurance products to non resident Indians and oth
A consumer court has pulled up New India Assurance Company Ltd for refusing to reimburse the cost of a life-saving equipment to a claimant, who bought it to overcome a sleep disorder, on the ground that it was not covered under the policy.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries