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Govt notifies wage revision for PSU general insurance industry

Govt notifies wage revision for PSU general insurance industry

by AIP Online Bureau | Feb 11, 2026 | Indian News, Non-Life, Policy, Reinsurance

The overall hike in wage bill will be 12.41 per cent with an increase of 14 per cent on existing basic pay and dearness alowance.A total of 43,247 PSGIC employees will benefit from this revision.The total outgo for the six companies will be to the tune of Rs 8170.30...
Budget 26-27:Repositioning general insurance as essential economic and social infrastructure

Budget 26-27:Repositioning general insurance as essential economic and social infrastructure

by AIP Online Bureau | Jan 26, 2026 | Articles, Eco/Invest/Demography, Reinsurance, Technology

Significant focus on insuring houses and SME/MSMEs is also critical to ensure that the asset and lifestyle creation of India is not at risk due to physical or economic volatility. With rising climate linked events, rapid urbanisation, and increasing asset ownership...
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...
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