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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...
Govt set to finalise 14% wage hike for PSU general insurance companies

Govt set to finalise 14% wage hike for PSU general insurance companies

by AIP Online Bureau | Sep 26, 2025 | Indian News, Non-Life, Policy

Something that will cheer the employees is that all their arrears since August, 2022, when the salary revision is due, will be credited to all eligible employees in October 2025 New Delhi: The government has managed to prevail upon 35,000 workforce of PSU general...

PSU general insurance industry unions stick to 17% wage hike demand

by AIP Online Bureau | Aug 26, 2025 | Indian News, Non-Life, Policy

“In today’s meeting with GIPSA through virtual mode, the Associations were offered an improved loading factor of 14 per cent. While thanking the management for their efforts to come out with enhanced offer but reiterated our demand for parity with LIC in...
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