Govt. amends insurance ombudsman rules for better resolution of policyholders’ complaints
The Finance Ministry has recently declared that the government has amended insurance ombudsman rules and brought insurance brokers within their Read more
Finance ministry
Govt issues new rules for insurance ombudsman
On 22 December, the finance ministry issued a draft Insurance Ombudsman (Amendment) Rules, 2020, to amending the 2017 Insurance Ombudsman Read more
PSU insurers asked to reduce avoidable expenses
Finance Ministry has asked 3 PSU General insurers, National Insurance, Oriental Insurance and United India Insurance, to rationalise branches Read more
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 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
