PSU banks provide up to Rs 20 lakh insurance cover to employees
Public sector banks (PSUs) have provided insurance cover to employees in case of an unfortunate death due to the deadly Read more
Finance ministry
Finance Ministry to offer share on sale
The Finance Ministry said it is planning to come out with a share-sale offer of two recently listed PSU insurance Read more
LIC to give Rs.5000cr loan for railway project
LIC has decided to lend Rs.5000 crores for the Railways projects at a cost of 30 bps over the 10-year Read more
New India Assurance preps for FY17 listing
New India Assurance, is all set to go public in the next fiscal year, said a top company official. Read more
LIC investments of Rs.10K cr under close watch
Life Insurance Corporation investments worth Rs 10,000 crore is under the government’s scanner for alleged nexus between top company Read more
Foreign stakes in insurers’ parent not to count for FDI
The finance ministry clarified the doubts on the fact that the foreign shareholding in parent companies of insurance ventures Read more
Tax waiver sought for home, personal accident insurance products
The general insurance industry has sought several tax exemptions, including for home and personal accident covers, from the Finance Ministry in the upcoming Budget. Read more
Plea to use unclaimed insurance money: HC seeks govt’s reply
The Delhi High Court has asked the Centre to respond to a plea seeking direction to set up a mechanism for “utilising” unclaimed insurance money lying with various companies. Read more
IRDA allows insurance for markets
In a move likely to give a fillip to the markets recently, as well as help meet the demands of the finance ministry to bolster the participation of insurance companies in PSU disinvestments, the Insurance Regulatory and Development Authority (IRDA) recently allowed insurance companies to increase their equity holding in companies by up to 15%, from 10% earlier. Read more
Delayed listing of State Owned Insurance Companies by Government
Government of India recently postponed its decision with regard to the listing of four State owned General Insurance Companies with the Stock Exchanges. The reason quoted by the Finance Ministry is that the financial healths of these companies are not sound to exert a pull on the investors. Read more