The government lets the big
PSU companies bleed for their own greed and then use companies like LIC to bail them out as part of disinvestment where LIC is forced to invest.
Are you aware of how much money LIC invests in
PSU companies?
Entry age: Most
PSU companies offer mediclaim policy for senior citizens aged between 60 and 80.
Not exact matches
Its not possible to match price as desired by minister (Sibal),» a top official of a
company, which partnered with a
PSU for selling tablets, said.
In case of Debt mutual funds, they invest in various fixed income instruments like bank Certificates of Deposits (CDs), Commercial Papers (CPs), treasury bills, government bonds (G - secs),
PSU bonds and corporate bonds / debentures,
Company Fixed Deposits, cash and call instruments, and so on..
Narottam Puri, a noted ENT specialist and a member of Ficci's committee on health services, described the steps taken by the
PSU insurance
companies as «retrograde».
The ministry also said that while the insurance
companies are providing huge discounts to big customers while «snatching business» from other
PSU insurers, premiums have been hiked up continuously for individual retail policies.
It said that since the detariffing of fire insurance premium rates since 2007, there have been unhealthy competition among the
PSU insurance
companies.
Industry body CII called a joint meeting of the insurers and the healthcare industry to resolve the impasse following withdrawal of cashless treatment facility at about 150 hospitals by four
PSU insurance
companies from July 1 on allegations of over-billing.
The four
PSU insurers — National Insurance
Company, New India Assurance, Oriental Insurance and United India Insurance — had invited expressions of interest from
companies for forming a joint venture TPA.
New India Assurance was conferred The Best General Insurance
Company for three years in a row in 6th Dalal Street Investment Journal
PSU Award in 2015 as well.
While it is a misconception that private
companies will not honor claims, the
PSU status of LIC will definitely help shed this negative view.
The reasoning behind this is, anytime is promoted by
PSU's and we can have good trust on it, and in case of claim rejection by another insurance
company we can show that anytime has accepted the claim.
Also I would advice you to split your insurance cover among 2
companies — 1 private and 1
PSU.