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Wage Revision: Meeting among GIPSA, DFS and unions of 6 PSU general insurance cos postponed to Apr 30

Wage Revision: Meeting among GIPSA, DFS and unions of 6 PSU general insurance cos postponed to Apr 30

by AIP Online Bureau | Apr 27, 2025 | Indian News, Non-Life, Policy, Workplace/Employee Benefits

On Sunday afternoon, GIPSA had informed the unions that the meeting has been postponed due to an urgent engagement of DFS officials New Delhi: Disappointing 35,000 work force of the PSU general insurance industry, the much awaited meeting among all the stake holders...

PSU general insurers promote record number of officials to fill up post of GMs and DGMs

by AIP Online Bureau | Feb 28, 2025 | Indian News, Non-Life, Reinsurance

GIPSA, the coordinating agency for the six PSU companies, has completed the largest ever promotional exercises in the industry and published the results to fill up 30  post of general managers and 97 deputy general mangers(DGMs) New Delhi: After creating a...
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...
PSU general insurers turn profitable, posts a combined profit of Rs 1,066 crore in Q3FY25, says Finance Ministry

Insurance (Amendment) Act, 2024: Govt has no composite plans for LIC and PSU general insurance companies

by AIP Online Bureau | Dec 1, 2024 | Health, Indian News, Life, Non-Life

To enable PSU insurers to avail composite licenses, the government needs to amend the two existing Acts- The Life Insurance Corporation Act of 1956 and the General Insurance Business (Nationalisation) Act, 1972 (GIBNA). But, no such provisions have been made in the...
DFS secy asks 4 PSU general insurers to bring down their underwriting losses and guard market share

DFS secy asks 4 PSU general insurers to bring down their underwriting losses and guard market share

by AIP Online Bureau | Nov 28, 2024 | Indian News, Non-Life, Policy

M Nagaraju, after becoming the DFS secretary, held his first review meeting with the four state owned general insurance companies in New Delhi on Tuesday New Delhi: M. Nagaraju, secretary, Department of Financial Services (DFS), has asked the four state owned general...
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