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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...
Insurance JVs between Generali and Central Bank unveil a new brand

Insurance JVs between Generali and Central Bank unveil a new brand

by AIP Online Bureau | Aug 4, 2025 | Indian News, Life, Non-Life

Rob Leonardi, Asia Regional Officer, Generali, said, “India has long been a strategic market for Generali and our joint venture with the Central Bank of India reflects the potential we see today and for the future. The synergies between our two organisations are...
FSIB recommends 5 GMs from 2 PSU re/insurance cos for ED promotions

FSIB recommends 5 GMs from 2 PSU re/insurance cos for ED promotions

by AIP Online Bureau | May 16, 2025 | Indian News, Non-Life, Regulation, Reinsurance

The five names are- Jayashri Balkrishna, GM, GIC Re for GIC-Re, Amandeep Singh Grover, GM, National Insurance Company(NIC) for Oriental Insurance Company(OIC), Anjana Saxena, GM, NIC for OIC, Sanjay Lalla, GM, NIC for Agriculture Insurance Company(AIC), Mini George,...
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