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Govt to infuse more capital in public sector general insurers next year

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

Based on the performance in the FY23, the finance ministry would take a call as to how much capital they would require to meet regulatory requirement, the official said.They are not in good financial health and fund would be infused in these entities to augment their...

4 PSU general insurers to implement organisational restructuring from Monday, Unions to protest

by AIP Online Bureau | Feb 11, 2023 | Indian News, Non-Life, Policy

“As we enter the New Year, we are excited to announce the introduction of this new organisational design starting from 13th February on pilot basis,”said Suchita Gupta, CMD, National Insurance Company in a letter to the company’s employees Similar...

PSU gen insurers and unions to meet on Jan 12 for sorting out differences over E&Y recommendations on restructuring

by AIP Online Bureau | Jan 4, 2023 | Indian News, Non-Life, Workplace/Employee Benefits

A section of employees of public sector general insurance companies had given a call to go on strike on January 4 against the proposed unilateral restructuring in the state-run insurers. The unions alleged that the proposed restructuring would weaken the public sector...

Jan 04 strike over restructuring deferred as management agrees to talk:PSU gen insurance unions

by AIP Online Bureau | Jan 2, 2023 | Indian News, Non-Life

On Monday, under the banner of Joint Forum of Trade Unions (JFTU),the unions participated in conciliation meeting with the management under the guidance of chief labour commissioner(CLC). Various arguments took place in the meeting from both sides and finally CLC...

Govt clears 10 GMDs for 4 PSU general insurers

by AIP Online Bureau | Oct 30, 2022 | Briefs, Non-Life, Policy

After a gap of almost one year, the government on Saturday has cleared the appointments of 10 general manager and directors(GMDs) in the four PSU general insurance companies. Earlier, the government head hunting agency FSIB had selected lnderjeet Singh, Madhulika...
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