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Former Pakistan premier Gilani to face probe on graft charge

Last Updated: Monday, December 23, 2013, 23:42

Pakistan`s anti-corruption watchdog decided to investigate former premier Yousuf Raza Gilani for alleged involvement in the notorious National Insurance Limited Company (NICL) scam.

NIC for Rs 1500 cr provisioning on motor pool, aims 20% growth

Last Updated: Tuesday, December 18, 2012, 15:03

Motor policies accounted for more than 45 percent of the total general insurance premium of Rs 5500 crore collected during 2011-12.

National Insurance official, 3 others jailed for forgery

Last Updated: Friday, December 14, 2012, 15:14

A sacked divisional manager of a state insurance firm and three others have been sentenced to varying jail terms for clearing bogus insurance claim and duping the firm of Rs 1,61,500.

No cover notes, no impact on vehicle owners

Last Updated: Sunday, November 04, 2012, 00:17

"The government directive will not affect customers as we have stopped issuance of cover notes (temporary policy document issued till the policy is made ready) in a major way long back. The facility is offered only for selected customers based on their past experience," said a senior official of the United India Insurance Company Ltd, who requested anonymity.

No cover notes, no impact on vehicle owners

Last Updated: Sunday, November 04, 2012, 00:17

"The government directive will not affect customers as we have stopped issuance of cover notes (temporary policy document issued till the policy is made ready) in a major way long back. The facility is offered only for selected customers based on their past experience," said a senior official of the United India Insurance Company Ltd, who requested anonymity.

National Insurance to pay Rs 25K for failure to process claim

Last Updated: Monday, June 18, 2012, 15:19

Pointing out to the insurance firm that it should have been "more sympathetic or sensitive," the New Delhi District Consumer Disputes Redressal Forum also directed it to process the claim within three months.

Insurance employees seeks merger of four PSU firms

Last Updated: Saturday, June 16, 2012, 15:19

A section of insurance employees has demanded that four PSU general insurers -- National Insurance, Oriental Insurance, New India Assurance and United India Insurance -- be merged into one to bring down costs.

NICL to pay Rs 1.5 L to policy holder for theft of vehicle

Last Updated: Friday, May 11, 2012, 17:55

The National Insurance Co Ltd (NICL) has been directed by a consumer forum here to pay a policy holder insured amount of Rs 1.3 lakh for a stolen car along with compensation of Rs 15,000 for rejecting his claim.

Insurance scam: 5 NICL officials under CBI scanner

Last Updated: Friday, February 03, 2012, 16:56

The CBI is probing the role of five officials of a national insurance company in allegedly causing a loss of over Rs 273 crore.

Finmin asks PSU general insurers to bring down expense ratio

Last Updated: Sunday, September 25, 2011, 14:16

The Finance Ministry has asked public sector general insurance companies to bring down their expense ratio and prune management expenses to improve profit.

Maha govt signs MoU with National Insurance Co for health plan

Last Updated: Tuesday, September 06, 2011, 22:52

Maharashtra Government and the National Insurance Company Ltd Tuesday signed a Memorandum of Understanding (MoU) for the first phase of the health scheme that aims to offer cover for around 2 crore people from various diseases.