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...
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...
by AIP Online Bureau | Oct 24, 2024 | Indian News, Non-Life, Policy
Ayyappan Chakravarty Seshadri, general manager, New India Assurance(NIA) has been kept as a standby candidate for the ED post at Agriculture Insurance Company(AIC) in case Lavanya Mundayur, who has already been recommended for the post CMD of the company(AIC),...
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:...
by AIP Online Bureau | Jun 27, 2024 | Indian News, Non-Life, Policy
GIPSA informed deputy central labour commissioner on Thursday that the performance of all PSU general insurance companies has improved and they were are awaiting DFS go ahead for calling unions for wage revision negotiation. In turn, deputy CLC advised the DFS and...
