United India Insurance Company and Tata AIG to pay Rs 41 lakh compensation: MACT

The Motor Accident Claims Tribunal (MACT) has directed insurers to pay the family of a deceased chartered accountant Rs 41 lakh as compensation towards their claim. The tribunal judge N B Dhaytadak also directed the transport agency to pay an interest at the rate of 7.5% till realisation of the claim amount.

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IRDA News: IPO gate opening for general insurers

Only a dozen companies will qualify to float an initial public offering (IPO) as per the draft guidelines put out by the Insurance Regulatory Development Authority (IRDA) recently.

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