Bengal Govt announces Rs 5 Lakh Cashless Health Insurance for all residents
West Bengal chief minister extended the benefits of the state health insurance programme Swastha Sathi, which offers cashless treatment benefit Read more
Government of India
Cell phones as catalyst for an insurance revolution
The Insurance Regulatory and Development Authority (IRDA) estimates that the total life policies in force as of end of March ‘11 is about 25.32 crores. It means that majority of our population has no insurance cover of any kind. A significant section of this population base in vulnerable and there is a need to take life insurance services to them. 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
Central Bank gains 3% on approval for preferential issue
Public sector lender Central Bank of India gained as much as 2.7 percent to touch an intraday high of Rs 83.85 recently after the board’s approval for preferential issue. Read more