Latest News on General Insurance
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General Insurance - Total results - 21
Mar 07, 2019
Reliance Capital claims stake sale to halve firm's debt over next 3-4 months; lines up non-core assets for monetisationReliance Nippon is valued at over Rs 5,000 crore and sale of controlling stake is expected to be at a significant premium to market, the statement claimed.
Jan 25, 2019
Insurance penetration in India grows just 1% in last one and half decade; These six charts explain whyDespite healthy growth, India’s share in the global insurance market was meagre 2.0 percent during 2017
Jan 04, 2019
IRDAI fines United India Insurance Company Rs 5 lakh for violating claims settlement, other normsRegulator IRDAI on Friday slapped a penalty of Rs 5 lakh on United India Insurance Co for violating norms regarding the settlement of motor claims.
Nov 29, 2018
SBI okays 4% stake sale in general insurance arm for Rs 482 cr to two alternative investment fundsAxis New Opportunities AIF-I and PI Opportunities Fund-I, an AIF of Premji Invest, will purchase 1.65 percent and 2.35 percent stake, respectively, from SBI.
Aug 21, 2018
Kerala floods: PSU general insurers promise quick settlement of car, bike claims; set up camps across stateIn the case of the Kerala floods, the loss will be higher under the motor insurance portfolio as the state has a sizeable number of costly vehicles.
Mar 20, 2018
Bankrupt Videocon Group sells general insurance arm to DP Jindal Group, Enam SecuritiesWhile the DP Jindal Group will hold 26 percent, Enam Securities will hold 25 percent in the new Liberty General Insurance Company, in which the foreign partner Liberty Mutual Insurance Group of the US will continue to hold 49 percent
Jan 31, 2018
Budget 2018: Govt should create awareness about crop insurance to ease out farmers' distressThe government should focus more on creating awareness on crop insurance with farmers through training about the benefit of the scheme at Krishi Vikas Kendra and rural NGOs
Nov 13, 2017
New India Assurance shares fall over 9% in debut trade; stock listed at Rs 748.90, down 6.38% on BSEDuring the day, New India Assurance stock tumbled 10.28 percent to Rs 717.75.
Oct 23, 2017
New India Assurance's Rs 10,000 cr IPO to hit market in first week of November; more insurers to followThe offer comes soon after the Rs 11,370 crore IPO of General Insurance Corp. of India Ltd (GIC Re), which will be listed on 25 October. It has already been oversubscribed by over 1.35 times.
Jan 26, 2017
Service tax on health insurance is a deterrent; would it be cut in this budget?Statistics reveal that around 80 percent of expenditure on health is through personal, out of pocket resources in India, which is an inefficient way of dealing with healthcare expenses.