NICL asks Axis Bank to reclassify as public shareholder
Axis Bank has recently said that one of its promoters, National Insurance Company Ltd (NICL), has asked it to classify Read more
National Insurance Company
Govt starts process to merge 3 PSU general insurers
The government has held preliminary meetings to set in motion the proposed merger process of three state-owned general insurers, sources Read more
PSU insurer’s merger likely to be completed in early 2019
The proposal to merge the three general insurers National Insurance Company, United India Insurance and Oriental Insurance Company is likely Read more
Insurers gear up to address Uttarakhand flood claims
Uttarakhand floods that have claimed over 100 lives in the last few days has also got insurance companies preparing for the claim settlement process. Both life and general insurance companies have said that their respective claims team have started gearing up to handle claims and process them in a quicker manner.
Read moreNow, bribe demanded for passing car insurance
A regional branch manager of National Insurance Company Limited has been booked for allegedly demanding bribe for passing a car insurance claim. Read more
National Insurance Company to pay family 29 lakh compensation, says MACT
The family of a businesswoman, who was killed after being hit by a rashly driven bus, has been awarded a compensation of over Rs 29 lakh by a Motor Accident Claims Tribunal (MACT) here. 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
National Insurance Company may soon hike mediclaim premium rates
State-run National Insurance Company (NIC) may soon increase the cost of health insurance premium to offset losses, company cources said. Read more
District forum asks insurance company to pay Rs5 lakh
District consumer forum asked Golden Trust Financial Services to pay the sum assured of Rs5,00,000 to one Sumi Tank with interest at the rate of 6 per cent for deficiency in service. Read more
Mediclaim Insurance plans to cost 30% more
Get ready to pay more for your health insurance. All four public sector insurers — United India Insurance, Oriental Insurance, New India Assurance and National Insurance Company — have got the green signal from the Insurance Regulatory and Development Authority (IRDA) to hike premiums on retail health plans. The state-owned insurers are in the process of filing redesigned products in terms of price and features. Read more
