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Finance ministry

IRDA in India 

Finance ministry mulls changes in laws to boost insurance penetration in India

October 7, 2022 admin 142 Views 0 Comments boost, CHANGES, Finance ministry, Insurance, laws, penetration
The finance ministry is contemplating changes in insurance laws, including reduction in minimum capital requirement, with a view to increasing Read more
IRDA in India 

Finance Ministry asks CPSEs to ease PSU insurers’ solvency criteria

August 29, 2022 admin 138 Views 0 Comments CPSEs, criteria, Finance ministry, PSU insurers, solvency
The Finance Ministry has asked Central Public Sector Enterprises (CPSEs) and government departments to relax the requirement of minimum solvency Read more
General Insurance News 

Govt. amends insurance ombudsman rules for better resolution of policyholders’ complaints

March 5, 2021March 14, 2021 admin 216 Views 0 Comments Finance ministry, insurance ombudsman rules, policyholders’ complaints
The Finance Ministry has recently declared that the government has amended insurance ombudsman rules and brought insurance brokers within their Read more
IRDA in India 

Govt issues new rules for insurance ombudsman

January 18, 2021March 15, 2021 admin 334 Views 0 Comments Council of Insurers., Finance ministry, INSURANCE OMBUDSMAN
On 22 December, the finance ministry issued a draft Insurance Ombudsman (Amendment) Rules, 2020, to amending the 2017 Insurance Ombudsman Read more
General Insurance News 

PSU insurers asked to reduce avoidable expenses

December 19, 2020March 18, 2021 admin 283 Views 0 Comments digital medium, Finance ministry, general insurance companies, PSU insurers
  Finance Ministry has asked 3 PSU General insurers, National Insurance, Oriental Insurance and United India Insurance, to rationalise branches Read more
General Insurance News 

PSU banks provide up to Rs 20 lakh insurance cover to employees

June 20, 2020April 15, 2021 admin 648 Views 0 Comments COVID-19, Finance ministry, insurance cover to employees, PSU banks
Public sector banks (PSUs) have provided insurance cover to employees in case of an unfortunate death due to the deadly Read more
General Insurance News 

Finance Ministry to offer share on sale

December 5, 2018 admin 541 Views 0 Comments Department of Investment and Public Asset Management (DIPAM), Finance ministry, GIC, New India, PSU insurance
The Finance Ministry said it is planning to come out with a share-sale offer of two recently listed PSU insurance Read more
Life Insurance News 

LIC to give Rs.5000cr loan for railway project

May 9, 2018 admin 586 Views 0 Comments Finance ministry, Lic Loan, 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
General Insurance News 

New India Assurance preps for FY17 listing

March 31, 2016 Bimabazaar- Adminstrator 869 Views 0 Comments chairman, Finance ministry, Insurance, NIA, srinivasan
New India Assurance, is all set to go public in the next fiscal year, said a top company official.   Read more
Life Insurance News 

LIC investments of Rs.10K cr under close watch

September 7, 2015 Bimabazaar- Adminstrator 742 Views 0 Comments brokers, Finance ministry, investments, LIC
  Life Insurance Corporation investments worth Rs 10,000 crore is under the government’s scanner for alleged nexus between top company Read more
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