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General insurance firms want tax sops to boost health cover

Last Updated: Sunday, June 22, 2014, 12:57

Right now government is almost paying from tax payers' money for any losses out of natural disasters as people are not accustomed to buy such cover.

General insurance players see revival in H2 FY15

Last Updated: Thursday, April 24, 2014, 22:06

General insurance (GI) industry expects better growth in the current fiscal as greenshoots start appearing in the commercial vehicle segment amid hope that post-election a stable government at the Centre would augur well for the sector.

'Insurers' losses to remain high despite premium hike'

Last Updated: Friday, April 11, 2014, 20:27

The 10-15 percent average hike in third-party motor premium by the regulator is not sufficient to cover the losses and therefore the claim ratio will stay high, say industry officials.

SBI General sets 60% premium growth this fiscal

Last Updated: Sunday, April 06, 2014, 15:45

"In this fiscal we expect to grow at around 60 per cent, which we feel is reasonable," managing director and chief executive Bhaskar J Sarma told PTI.

Tata AIG General Insurance eyes 15% premium growth in FY15

Last Updated: Sunday, March 09, 2014, 15:55

Private general insurer Tata AIG General Insurance is hopeful of posting around 15 percent growth in premium collections in the next financial year on the back of an expected recovery in economy, a top company official has said.

MSLTA ties up with insurance firm for inter-club tennis

Last Updated: Friday, January 24, 2014, 19:42

Maharashtra State Lawn Tennis Association (MSLTA) has tied up with general insurance firm Liberty Videocon to conduct an inter-club tournament which would feature over 200 teams.

Family of MTNL employee get nearly 42 lakh compensation

Last Updated: Tuesday, January 14, 2014, 13:58

The family members of a MTNL employee, who died in a road accident in 2009, have been awarded a compensation of nearly Rs 42 lakh by a motor accident claims tribunal (MACT) here.

Reliance General Insurance hopes to post profit this fiscal

Last Updated: Sunday, January 12, 2014, 20:21

Private-sector insurer Reliance General Insurance hopes to register profit in the current financial year on the back of a diversified portfolio and reduced dependence on motor segment, a top company official has said.

Can't implement pre-packaged rates in policies: GIC to HC

Last Updated: Thursday, January 09, 2014, 20:53

General Insurance Council, which represents 25 non-life insurance companies, today told the Bombay High Court that it was not possible for its members to come out with a pre-packaged compensation in the policies on the basis of sum insured and on the type of hospital.

New India Assurance eyes 20% growth next year

Last Updated: Friday, December 27, 2013, 19:08

State-run New India Assurance is hoping for a healthy growth in 2014 on the back of better auto sales, uptick in investments and rural demand, a top company official said Friday.

Liberty Videocon to seek capital infusion from promoters

Last Updated: Sunday, December 08, 2013, 11:45

As a new entrant, its financial muscle will also help the company convince intermediaries and clients about its capacity to participate in underwriting higher risks and settle claims.

SBT, SBI General Insurance launch affordable health plan

Last Updated: Thursday, November 28, 2013, 18:27

State Bank of Travancore (SBT) and SBI General Insurance Thursday jointly launched an affordable health insurance plan for SBT customers.