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NIA receives IT refund of Rs 249.79 crore

by AIP Online Bureau | Sep 25, 2025 | Briefs, Non-Life

New India Assurance has received an Income Tax refund of Rs.249.79 crores for assessment Year 2009-10 (including interest of Rs. 8.89 crores). The insurer has informed the stock exchanges about the...
PSU general insurers turn profitable, posts a combined profit of Rs 1,066 crore in Q3FY25, says Finance Ministry

PSU general insurers turn profitable, posts a combined profit of Rs 1,066 crore in Q3FY25, says Finance Ministry

by AIP Online Bureau | Feb 13, 2025 | Indian News, Non-Life, Policy

“With improved risk-management practices, loss-control initiatives, adoption of technology, development of new products, better customer services and diversification of portfolio, the Public Sector General Insurance Companies have posted a magnificent turnaround...
Lavanya Mundayur takes charge as CMD of Agriculture Insurance Company

Lavanya Mundayur takes charge as CMD of Agriculture Insurance Company

by AIP Online Bureau | Dec 19, 2024 | Indian News, Non-Life, Policy

Lavanya Mundayur, CMD, Agriculture Insurance Company After clearing Mundayur‘s appointment with a bit of delay, the government will now approve the appointments of new executive directors (EDs) and will also shortlist  the names for the post CMD of Oriental Insurance...

Consumer commission slaps Rs50k fine on insurance company for deficiency in services

by AIP Online Bureau | Jul 17, 2024 | Banking & Bancassurance, Data, Health, Non-Life

Taking note of the evidence before it, the commission comprising President Inder Jeet Singh observed that the denial of the claim by the insurance company was “arbitrary, without any valid ground and contrary to the terms and conditions of the policy”,...
Govt shortlists 5 GMs for selecting a CMD of United India Insurance

Govt shortlists 5 GMs for selecting a CMD of United India Insurance

by AIP Online Bureau | Feb 29, 2024 | Indian News, Non-Life, Policy

The new head office of Chennai based United India Insurance, which was inaugurated by Union Finance minister Nirmala Sitharaman, virtually, on Friday The DFS now has prepared a new list of five general managers(GMs)- BS Rahul, Agriculture Insurance...
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