E-PaperGeneral Insurers News
Opinion | Why we need state-owned general insurers
With every natural calamity or economic crisis, markets have looked up to state-owned enterprises to pitch in. The situation today is no different. And the general insurers have always risen to the occasion
6 min read19 Jul 2020Cabinet may approve merger of 3 state-owned general insurers
Cabinet will also discuss capital infusion into the insurersMerger is expected to improve their operational efficiency, solvency ratio
1 min read12 Feb 2020Govt looks to consolidate state-run general insurers
The govt is exploring various consolidation options including merger of state-owned general insurance companies with New India AssuranceThe govt is also looking at other options including stake sale in 3 PSU insurance firms like NIC, Oriental Insurance and UIIC
1 min read23 Jun 2019Irdai raises minimum driver insurance cover to ₹15 lakh
Irdai directs all general insurers to provide a minimum capital sum insured of 15 lakh under compulsory personal accident cover for owner-driver under Liability Only to all classes of vehicles at the premium rate of 750 per annum for annual policy
1 min read21 Sep 2018Govt again asks general insurers to follow prudent underwriting norms
The govt has once again asked state-run general insurers to ensure that their unhealthy underwriting practices don't cause unnecessary financial strain on their financial stability
3 min read16 Jul 2017State-run general insurers to sell PM crop insurance schemes
All the four public sector general insurers to participate in Pradhan Mantri Fasal Bima Yojana (PMFBY) and Unified Package Insurance Scheme
2 min read3 Jul 2016General insurers see growth slipping this fiscal
General insurers feel growth in FY14 is expected to be around 15%, down from 19% last fiscal
1 min read19 Apr 2013Insurers set to raise premium on group health insurance policies
Insurers set to raise premium on group health insurance policies
2 min read9 Feb 2009Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared