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Max Financial to raise Rs 5,000 cr to fund acquisitions of life insurance arm
Largest union of PSU general insurance industry demands merger of all four cos
General Insurance Employees’ All India Association(GIEAIA), the biggest trade union of general insurance employees, formed in 1971,, had met G. Srinivasan, chairman, GIPSA(Association of Public Sector Insurance Companies) in New Delhi on Wednesday, to press for its demands that instead of merging three companies, government should merge all four companies and should form one single monolithic corporation in line with the Life Insurance Corporation(LIC)..
Cabinet approves Modicare,provides a budgetary support of Rs160 billion for 2018-19 and 2019-20
“Benefits of the scheme are portable across the country and a beneficiary covered under the scheme will be allowed to take cashless benefits from any public or private empanelled hospitals across the country.To ensure that nobody is left out (especially women, children and elderly) there will be no cap on family size and age in the scheme,”said the govt statement
IRDAI to move to Supreme Court against SAT order against Joseph
“We are filing our appeal by this weekend in the SC after looking into the SAT order. The whole SAT judgment is appears to be a `hasty decision, prejudiced and biased ‘’and has been delivered without giving a fair chance to IRDA and its member Joseph. We are sure it won’t stand to the SC’s scrutiny ,’’ said a senior official the IRDAI
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