In a regulatory filing, the bonus issue will be done by...
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Govt drops any merger plans among PSU general insurers
Though, the government had not announced any specific plans for the...
State can’t differentiate between serving employees and pensioners on DA: SC
In a significant judgment upholding the right to equality for...
Rajive Kumaraswami to succeed V. Suryanarayanan as MD & CEO of Chola MS
Kumaraswami brings over three decades of experience across insurance and banking and has been closely associated with the insurance sector since its liberalisation,where he led the organisation through a sustained phase of growth. Chennai: Rajive Kumaraswami will...
Govt,GIC Re and New India stitch up $100 million`Bharat Marine Pool’ with a sovereign guarantee, to re/insure war risks for vessels
The BNP will provide three kind of covers- Hull, Cargo and Protection & Indeminity(P&I) and has different sum assured for each of the segments which can be utilised on a floater basis for certain premiums. New Delhi:Looking beyond the ongoing West Asia crisis,...
Financial Intelligence Unit-India, Indian Cyber Crime Coordination Centre sign MoU to combat cyber fraud and financial crimes
The collaboration comes at a juncture where India's digital payment ecosystem has undergone a tremendous transformation requiring guardrails that safeguard citizens from cybercrime and fraud New Delhi: In a step towards strengthening India's fight against cyber fraud...
Kasturi Sengupta takes over as new Secy General of GI Council
Kasturi Sengupta, Secretary General, General Insurance Council Sengupata had started her career at PSU general insurer National Insurance Company in 1989 and has managed multidimensional responsibilities over the years Mumbai:Kasturi Sengupta, 60, has assumed charge,...
Indian general insurance industry grows almost 10% to Rs 3.36 trillion in FY 26, Health Insurers record faster growth
One of the noteworthy features of the industry, in FY26, is the growth story of seven Standalone Health Insurers(SAHI), which have, led by Start Health Insurance,grown their total premium by 19.40 per cent to Rs 45,865 crore and have expanded their market shares to...
RBI holds rates,lowers GDP growth for FY 27 to 6.9%; hikes Inflation outlook to 4.6% due to West Asia crisis, spike in crude prices
“Higher input costs associated with an increase in energy prices and international freight and insurance costs, along with supply-chain disruptions that would constrain availability of key inputs for downstream sectors, would impair growth,” RBI Governor Sanjay...
West Asia Conflict:Govt plans sovereign guarantees to support insurers covering vessels traveling in Persian Gulf
Maritime war risk insurance premiums have surged as much as 1,000% in some cases, as the Middle East conflict heightens risks to shipping through the region. The spike in premiums has sharply raised costs for shipowners, traders and energy firms moving cargo through...
IRDAI forms committee to review country’s current landscape of private health insurance
The committee will review the current landscape of private health insurance in India including coverage, penetration, claims experience, product design, grievance redressal and consumer experience. It will recommend regulatory,policy, and operational measures to...
Voluntary retirement a distinct employee right, not mere exit: SC
``It is quite clear, if an employee on or after 1st day of November 1993 completes 20 years of qualifying service, and furnishes a notice of not less than three months to the appointing authority, he may retire voluntarily," the bench noted New Delhi:The Supreme Court...
EV retail sales in India up 24.6% at 24.52 lakh units in FY26: FADA
"FY'26 has been a watershed year for India's electric mobility story. Total EV retail across two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles stood at approximately 24.52 lakh units, growing nearly 24.6 per cent YoY, with every category...