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Largest union of PSU general insurance industry demands merger of all four cos

General Insurance Employees’ All India Association(GIEAIA), the biggest trade union of general insurance employees,  formed in 1971,, had met G. Srinivasan, chairman, GIPSA(Association of Public Sector Insurance Companies) in New Delhi on Wednesday, to press for its  demands that instead of merging three companies, government should merge all four companies and should form one single monolithic corporation in line with the Life Insurance Corporation(LIC).. 

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Cabinet approves Modicare,provides a budgetary support of Rs160 billion for 2018-19 and 2019-20

“Benefits of the scheme are portable across the country and a beneficiary covered under the scheme will be allowed to take cashless benefits from any public or private empanelled hospitals across the country.To ensure that nobody is left out (especially women, children and elderly) there will be no cap on family size and age in the scheme,”said the govt statement

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IRDAI to move to Supreme Court against SAT order against Joseph

“We are filing our appeal by this weekend in the SC after looking into the SAT order. The whole  SAT judgment is  appears to be a `hasty decision, prejudiced and biased ‘’and has been  delivered without giving a fair chance to IRDA and its member Joseph. We are sure it won’t stand to the SC’s scrutiny ,’’ said a senior official the IRDAI

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IRDAI suspends E-Meditek Insurance TPA’s license without notice

The violations observed in the inspection of the IRDAI against the E-Meditek TPA are of such serious nature that it is detrimental to the interests of policy holders and the insurers and allowing E-Meditek to continue their activities as TPA shall have adverse impact on the policyholders and insurers, said IRDAI order.signed  by the IRDAI member(Non-lIfe) PJ Joseph 

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