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ICICI Lombard’s official accidently posts financial results of Dec quarter in WhatsApp

ICICI Lombard’s official accidently posts financial results of Dec quarter in WhatsApp

by AIP Online Bureau | Jan 10, 2026 | Indian News, Non-Life, Regulation

“Though this information is in draft form and subject to changes during the ongoing audit, as a precautionary measure and in compliance with good corporate governance practices, the Company is reporting this incident to the Stock Exchanges,” the statement...
Govt may approve PSU gen insurers’ wage revision proposals by Feb 15

Govt may approve PSU gen insurers’ wage revision proposals by Feb 15

by AIP Online Bureau | Jan 8, 2026 | Indian News, Non-Life, Policy, Reinsurance

Parshant Kumar Goyal, joint secretary, DFS In a meeting of all stakeholders, including chief labour commissioner(CLC), today, Parshant Kumar Goyal, joint secretary, DFS assured that the Feb 15 deadline will be the maximum timeline and the department try to get the...
GST Cut Impact: General insurance industry premium surges 25% to Rs 26,900 crore in Nov

GST Cut Impact: General insurance industry premium surges 25% to Rs 26,900 crore in Nov

by AIP Online Bureau | Dec 6, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy

“Strong rebound in automobile sales and improving consumer confidence following the GST rationalisation in the sector, has provided another leg to overall growth. As both health and motor lines, two top portfolios in the industry, are expected to grow at a...
FinMin renews merger proposal of state-owned general insurance companies

FinMin renews merger proposal of state-owned general insurance companies

by AIP Online Bureau | Nov 23, 2025 | Indian News, Non-Life, Policy, Regulation

To facilitate the entry of new players from overseas to cater to the demand for insurance and increase penetration, the government has lined up a bill seeking to increase the FDI limit to 100 per cent from the existing 74 per cent in the insurance sector in the...
Govt throws open CMD posts of PSU general re/insurance cos and one position of LIC MD for pvt sector professionals

Govt throws open CMD posts of PSU general re/insurance cos and one position of LIC MD for pvt sector professionals

by AIP Online Bureau | Oct 10, 2025 | Eco/Invest/Demography, Indian News, Policy

The new norms now will allow eligible private sector professionals to apply for the CMD post of GIC Re, which has fallen vacant after N Ramaswamy retired on Sep 30 External Candidates applying for posts of CMDs of PSU general insurance companies should have minimum 21...
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