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Net profit of National Insurance Company rises 80% to Rs 81 cr in Q2FY25

Net profit of National Insurance Company rises 80% to Rs 81 cr in Q2FY25

by AIP Online Bureau | Nov 12, 2024 | Health, Indian News, Non-Life

Going ahead, NIC is committed to its stake holders and the improved financial performance is an indicator for the company to achieve profitable growth, T Babu Paul, executive director, NIC Kolkata: State owned National Insurance Company(NIC) has recorded a 80 per cent...
LIC’s net profit rises 4% to Rs18,082 crore in H1FY25, Health JV plans may be completed this fiscal

LIC’s net profit rises 4% to Rs18,082 crore in H1FY25, Health JV plans may be completed this fiscal

by AIP Online Bureau | Nov 8, 2024 | Indian News, Life, Regulation

Siddhartha Mohanty, CEO & MD, LIC LIC’s plan to pick up some stakes in a stand alone health insurer is in progress and should be announced in the current fiscal,” Siddhartha Mohanty, CEO & MD, LIC Mumbai: Life insurance behemoth Life Insurance...
LIC plans health foray through acquisitions, net profit rises 2% to Rs 13,763 cr in Q4, to pay Rs10 dividend in Fy 24

LIC plans health foray through acquisitions, net profit rises 2% to Rs 13,763 cr in Q4, to pay Rs10 dividend in Fy 24

by AIP Online Bureau | May 27, 2024 | Indian News, Life

“During the last year, we have focused on directional changes in our product mix and enhancing margins in the business. We have more than doubled our share of non-par business within our Individual business. Now we intend to focus our strategic interventions to...
New India doubles its net profit to Rs 354 cr in Q4FY24

New India doubles its net profit to Rs 354 cr in Q4FY24

by AIP Online Bureau | May 22, 2024 | Health, Indian News, Non-Life, Reinsurance

Titus Francis, executive director, NIA “NIA has delivered excellent results in FY24, despite adverse impact of several catastrophic claims during the year. It has recorded a 128 per cent growth in its net profit in Q4. On individual lines, Motor third party loss...
Shriram General Insurance records 22 % jump in net profit to Rs 455 crore in Fy 24

Shriram General Insurance records 22 % jump in net profit to Rs 455 crore in Fy 24

by AIP Online Bureau | May 22, 2024 | Indian News, Non-Life

Anil Aggarwal, MD & CEO, Shriram General Insurance Company. The general insurer’s combined ratio, one of the key matrix for profitability had fallen to 105.98 per cent in Fy 24 from 110.42 per cent in Fy 23 The company’s underwriting losses have fallen...
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