Merger between General Insurance Companies
The government’s plan to merge the three unlisted public sector general insurance companies (PSGICs) – National Insurance Company, United India Read more
NEW INDIA ASSURANCE
New India Assurance upbeat on growth prospects
New India Assurance Company holding a formidable share in Indian Insurance market expects the momentum of high growth to continue Read more
New India Assurance offers Rs 1 crore health cover for super rich
New India Assurance has launched a premium Rs 1 crore mediclaim cover for the super rich, the first such plan Read more
PSU General Insurers on Promotion Spree, Elevate 21 DGMs to GMs
Public sector general insurers have promoted their 21 young officials to the posts of General Manager. General Manager is Read more
New India Assurance records 42% increase in Q1 profit
New India Assurance reported a 42 percent jump in net profit at Rs.441 crore in the first quarter ended Read more
India nuclear insurance pool with 1500 cr capacity formed
General Insurance Corporation of India (GIC Re) and 11 other non-life insurers have formed the India Nuclear Insurance Pool. It 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 moreClinical trial liability insurance to see sustainable growth
The clinical trial liability insurance segment could see a period of stable and sustained growth, as the market is expected to become more professional for trials. General insurers are of the view the recent apex court view on the issue would lead to a more orderly growth.
New India Assurance to expand outside India
New India Assurance is in the process of leveraging its presence in the overseas markets. The company currently operates across 22 countries. It plans to enter Qatar, Myanmar and Canada this fiscal, according to G. Srinivasan, Chairman-cum-Managing Director.
Nokia and New India Assurance launch a one-of-its kind, affordable and comprehensive handset insurance plan
Nokia India announced a unique partnership with New India Assurance (NIA), a leading global insurance group, wholly owned by the Govt. of India. The partnership will provide Nokia’s consumers the benefits of a highly affordable and comprehensive handset insurance plan to safeguard them against risks of mobile handsetloss and damage. This includes thefts, burglary, malicious acts, riots among others, as well as damage that is beyond the purview of the consumer’s standard warranty. Read more
