Additionally, in case of an untoward incident, Rs 1.5 lakh will be...
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Monsoon likely to start retreating from northwest India by Sept 25: IMD
India has received 780.3 mm of rain during this monsoon season so...
India to become USD 5 trillion economy, third-largest by 2027: RBI DG Patra
A key driver in this transformation is likely to be the window of a...
Nipah virus: Bihar, Sikkim, MP, Puducherry issue advisories for people
The symptoms of the virus include fever, headache, vomiting and fainting. Some may show symptoms of epilepsy. The symptoms may last 10-12 days followed by unconsciousness and death as a result of brain fever, the advisory said.
No fly-by-night operator will be allowed to play with data: Ravi Shankar Prasad
“No fly-by-night operator will now be able to play with data. I am all for campaigning on social media and these platforms but you cannot play with the (user) consent,” Prasad said.
GIC Re’s record prm at Rs 41,800 cr,logs a net profit of Rs 3,234 cr in 2017-18, declares 1:1 bonus
“We are the leader inthe Indian reinsurance market and has 60 per cent of the market share despite the presence of almost all global players in the market. We are growing at 25 per cent while the Indian industry is growing at 17 per cent. I am bullish about the growth and profitability prospects for the GIC Re in coming years. said Alice Vaidyan,, CMD, GIC Re
Employers in India expect workplace automation to double over the next three years:Willis
However, contrary to the traditional outlook where automation was believed to replace humans to minimise costs, the study found that more than half the companies in India believe that automation will augment human performance and create new work, not replace it.
Govt unveils cheaper rates for treatment packages under NHPS
The registration process for hospitals are expected to begin by June 15, while the States will be in charge of the bidding process for insurance companies in a couple of weeks,” said Indu Bhushan, chief executive of Ayushman Bharat adding that the scheme will be ready for a roll-out by August.
UII’s net profit at Rs 1003 cr in 2017-18, improves combined ratio, underwriting losses and solvency margin
UII’s combined ratio has been cut down to 119.77 per cent in 2017-18 as against 136.94 per cent in 2016-17.
The solvency margin of the company has touched 1.54 as against 1.15 in 2016-17.
3 panels grill 9 candidates for selecting CMDs of NIA,UII &NIC
`The results should be out in a month and all eyes are on who will be CMD of NIA, the largest general insurer having operations in 28 countries,’’ said industry sources.
Oriental Insurance records a net profit of Rs 1510 crore in 2017-18 against losses of Rs 1691 in 2016-17
With a combined ratio of 118.5 per cent(148 per cent in 2016-17) in 2017-18, the underwriting losses of the company have drastically fallen to Rs 1923 crores in 2017-18 as against Rs 4336 crores in 2016-17
Bajaj Allianz General Insurance records a net profit of Rs 921 cr, up 27 % in FY 18
The underwriting profit of the company soared 359 per cent to Rs 293 crore in FY 17-18 as against Rs. 64 crore in the previous year as a result of a risk based pricing and prudent underwriting philosophy.
Cyclone Sagar: IMD issues advisory to 5 states, 1 UT
It is very likely to intensify further slightly during the next 12 hours and continue to move westwards for some more time and then move west-southwestwards thereafter, the advisory said.