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national insurance

Centre to infuse Rs 12,000 crore in state general insurance firms

The Budget had provisioned Rs 70,000 crore for PSB recapitalisation and last week a Rs 55,250-crore infusion was announced in several PSBs for regulatory and growth requirements.

Sep 06, 2019, 14:39 PM IST

CCI imposes Rs 671 crore fine on four state-run insurers

Competition Commission has imposed a penalty of Rs 251.07 crore on New India Assurance, Rs 162.8 crore on National Insurance, Rs 156.62 crore on United India Insurance and Rs 100.56 crore on Oriental Insurance, respectively.

Jul 16, 2015, 20:11 PM IST

Interviews for GIC Re, National Insurance CMDs on Wednesday

The Finance Ministry has invited eight senior officials from state-owned general insurers for interview to fill up the two CMD posts in GIC Re and National Insurance Company (NIC) in the national capital on July 15.

Jul 13, 2015, 21:54 PM IST

National Insurance official, 3 others jailed for forgery

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.

Dec 14, 2012, 15:14 PM IST

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

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.

Jun 18, 2012, 15:19 PM IST

Insurance employees seeks merger of four PSU firms

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.

Jun 16, 2012, 15:19 PM IST

Finmin asks PSU general insurers to bring down expense ratio

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

Sep 25, 2011, 14:16 PM IST