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LIC to consider doing health insurance biz after composite license is allowed: Chairman

LIC to consider doing health insurance biz after composite license is allowed: Chairman

by AIP Online Bureau | Jan 12, 2023 | Indian News, Life, Non-Life

(from L to R) G. Srinivasan, director, National Insurance Academy, Devesh Srivastava, CMD, GIC Re,MR Kumar,chairman, LIC, Parmod Kumar Arora, member (Actuary) IRDAI at the 24th Annual C D Deshmukh Memorial Seminar organised by NIA, Pune “We are watching the situation...
NIA’s net profit plunges 74% to Rs 33 crore, one time Rs 2600 cr provision to clear five-yr wage arrears

NIA’s net profit plunges 74% to Rs 33 crore, one time Rs 2600 cr provision to clear five-yr wage arrears

by AIP Online Bureau | Nov 13, 2022 | Indian News, Non-Life

Neerja Kapur,CMD,New India Assurance “The fall in  gross written premium is primarily due to the previous year recording significant revenues from the crop line of business and some government business, which was  not there this year. The company made...
AM Best affirms credit ratings of New India Assurance

AM Best affirms credit ratings of New India Assurance

by AIP Online Bureau | Sep 18, 2022 | Indian News, Non-Life, Reinsurance

AM Best views New India’s business profile as favourable given its market-leading position as the largest non-life insurer in India by gross premium written overall, as well as in major business lines, including health, marine, and fire The company’s underwriting...
Govt appoints Kapur as CMD,NIA; Subramanian to head AIC

Govt appoints Kapur as CMD,NIA; Subramanian to head AIC

by AIP Online Bureau | Sep 11, 2022 | Indian News, Main Menu, Non-Life

New Delhi: The government on Sunday has appointed Neerja Kapur, 58, general manager, New India Assurance as the CMD of the company while Girija Subramanian, 56, general manager, GIC Re has been elevated as the CMD of Delhi based Agriculture Insurance Company(AIC)....
Govt shortlists 7 GMs for selecting CMDs of New India and AIC

Govt shortlists 7 GMs for selecting CMDs of New India and AIC

by AIP Online Bureau | Jul 20, 2022 | Indian News, Non-Life, Policy

The general managers who have been shortlisted are- M Rajeswari Singh, Agriculture Insurance Company(AIC), BS Rahul,(AIC),N Ramaswamy, presently heading GIC Re’s London branch, Neerja Kapur, NIA, Girija Subramanian, GIC Re, Rashmi Bajpai, Oriental Insurance...
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