by AIP Online Bureau | Oct 15, 2024 | Indian News, Non-Life, Reinsurance
The company is not expected to be profitable even this year. Earlier this year, Acko founder Varun Dua had said the company could become profitable in the financial year 2026-27 New Delhi: New-age insurance company ACKO has reported Rs 670 crore loss in financial year...
by AIP Online Bureau | Aug 18, 2024 | Health, Indian News, Non-Life, Reinsurance
T Babu Paul, executive director,National Insurance Company “Medical treatment costs have increased by 5-20 per cent, and to bridge the cost gap, an industry-wide tariff revision is expected this year. Our average claim amount has jumped to Rs 41,000 from Rs...
by AIP Online Bureau | Aug 8, 2024 | Indian News, Non-Life, Reinsurance
Girija Subramanian,CMD , New India Assurance Going forward, the company will be focusing on the retail segment and better performance can be expected in the coming quarters, Girija Subramanian, CMD, New India Assurance, who took charge of the company in June Mumbai:...
by AIP Online Bureau | Jul 24, 2024 | Indian News, Life
The life insurer’s Value of New Business (VoNB) stood at Rs 970 crore with a 12 per cent year on year (Y-o-Y) growth in Q11FY 25. Its VoNB margin was at 26.8 per cent during the reporting quarter Mumbai: SBI Life, the largest private sector life insurer, has...
by AIP Online Bureau | Jul 23, 2024 | Indian News, Non-Life, Policy, Reinsurance
Ministry of Finance is yet to receive any proposals on wage revision of employees of six general insurers from the GIPSA, the coordinating agency for PSU general insurers,Pankaj Chaudhary, minister of state, Ministry of Finance said in Lok Sabha on Monday New Delhi:...
