GIC
Guide for Direct Recruit Exam for the post of Assistant in 4 PSU insurance companies – Exam in July 2013 – Last date of registration for exam 8th June 13
The Insurance Times group has entered into 33 years of successful publication of journals and books on Insurance in India. The journal has a PAN India circulation and is the most popular journal on Insurance Industry in India.
Read moreIRDA, GIC come together to create insurance awareness
In a bid to increase awareness about non-life insurance products, the Insurance Regulatory and Development Authority (IRDA) along with the General Insurance Council (GICL) would be launching a consumer awareness advertising campaign. The pan-India advertisement campaign would be rolled out on television, radio and print in 11 different languages in a month’s time.
Insurers can offer cover to Indian refineries for Iran crude import: IRDA
Insurance Regulatory and Development Authority (IRDA) has enabled Indian insurers and reinsurers to help cover Iran crude oil import by Indian refineries.
IRDA chairman J Hari Narayan said that therefore, Indian refineries can ship oil from Iran with appropriate insurance cover. Read more
Axis Bank to raise Rs 6,000 crore from qualified institutional players recently
Axis Bank is all set to raise around Rs 6,000 crore through private placement of its equity shares to qualified institutional players (QIPs). Read more
Hit and Run Accident provisions in Motor Insurance
Hit and Run Accident is a motor accident arising out of the use of a motor vehicle or motor vehicles the identity whereof cannot be ascertained in spite of reasonable efforts for the purpose. Read more
Non-Life insurance cos unlikely to hit IPO street soon: GIC
Non-life insurers are unlikely to hit the capital market to raise resources and are expected to wait for a year or two because of weak financials, a top official of an insurance company said. Read more
Insurance density falls for first time in India: IRDA
The Insurance Regulatory and Development Authority (IRDA) said that since opening up of Indian insurance sector for private participation, India has reported a fall in the insurance density for the first time in the year 2011. The figure fell to $49 (about Rs 2,695) in 2011, from $55.7 (about Rs 3,063) in 2010. Read more
General Insurance Corporation of India Housing Finance – Diwali Picks – IndiaNivesh
GICHSG, incorporated in 1989 and promoted by General Insurance Corporation of India (GIC), is the housing finance company  (HFC) providing finance to individual borrower and corporates for purchase or construction of residential houses. It has 31  branches spread across the country and markets its home loan products with the help of its direct selling agents and tie up with  builders. Read more
PSU general insurers to set up a common TPA to settle medical claims
State-run general insurance companies are setting up a common third-party administrator to settle medical insurance claims, a  move aimed at trimming their unwieldy claims ratio and boosting profitability.
The claims ratio, or percentage of claims to the premium earned, of these public sector companies in health insurance is over  120% and they blame third-party administrators (TPAs) for their spiraling losses in the segment. Read more