Sentences with phrase «public sector insurers»

While public sector insurers are now an active part of the insurance schemes under the government's Jan Suraksha Yojana, private insurers are taking slow steps.

The fall in premium rates is expected for fire and engineering insurance covers as public sector insurers would become aggressive in protecting their turf from private sector rivals, which would try to grab the opportunity to increase their market shares, insurance experts said.

Public sector insurers New India Assurance and Oriental Insurance, Star Health and Allied Insurance, HDFC Ergo and Tata AIG General Insurance cover alternative medical treatments under standalone or individual health insurance policies.

And, premium collected by public sector insurers rose by 8.2 % to Rs 7,984.37 crore during April - May and for private companies the premium collected increased by 6.19 % to Rs 6,555.17 crore.

It has been cleared by the Finance Ministry that no purchase preference support would be given to public sector insurers for providing a level - playing field to their private counterparts who bid for Air India's fleet.

India's public sector insurers have come up with a new promotion policy, which is being contested within the industry even before its implementation.

In today's statement, the four public sector insurers that together command nearly 65 - 70 per cent health insurance market share, however, made it clear that only those hospitals would be included in the list that adhere to its conditions on medical costs.

The premium income of the general insurance industry, comprising 21 private and four public sector insurers, stood at Rs 27,942 crore in the first five months of the current fiscal, 18 per cent higher than Rs 23,748 crore in the corresponding period last year.

In the non-life space, all public sector insurers (except United India) are underwriting business outside India.

The total premium underwritten outside the country by the three public sector insurers was R1, 703 crore in 2011 - 12 against R1, 265 crore in 2010 - 11, registering a growth of 34.6 % against 5.86 % in the previous year.

All public sector insurers shall also offer discounts on the premiums paid for insurance coverage.

Union financial services secretary Hasmukh Adhia has called for a high - level meeting with all the public sector insurers in Hyderabad on Friday to review their past performances and future strategies.

Public sector insurers have been talking of it for some time.

Last month, four public sector insurers slashed the number hospitals which could treat cashless policy holders, saying many hospitals were overcharging patients holding cashless mediclaims.

Life Insurance Corporation of India, the largest public sector insurer in India, has increased its stake in ICICI Bank, one of the leading private sector banks in India.

Public sector insurer, Life Insurance Corporation of India, registered 15.38 % growth in new premium business compared to the private sector growth of 17.47 %.

He asked the insurers in a review meeting with the public sector insurer's heads to make sure that no market share was lost further and the current level of 53 per cent was maintained and also steadily improved upon.

I have a Rs 50 - lakh life cover from a public sector insurer.

Recently, public sector insurer New India Assurance did away with the practice of charging extra premium from those suffering from diabetes and hypertension, under its revised health policy.

Not exact matches

Providing much needed insight on Russia's global trading market and developments surrounding international sanctions, the conference will include contributions from Russia's leading corporates, financiers, insurers, public bodies and all supporting sectors involved in international trade finance.

Aimed at improving the health standards of people at or below the poverty line, four of the public sector general insurers implemented UHIS in India.

Manufacturers, software companies, insurers, law firms, and governmental agencies have a clear stake in what is likely to be a sea of change in risk policy across private and public sectors.

Its members act for insurers, self - insured companies and all authorities in the public and private sectors.

Damian also undertakes other liability work for major insurers, under public liability policies, including product liability cases and claims arising out of property damage.He has considerable experience of acting in claims against Independent Financial Advisers, investment managers, accountants, actuaries and other professionals associated with the financial services sector, as well as solicitors and insurance brokers.

Insurers, the NHS and other public sector defendants may welcome the flexibility the ruling brings, especially in cases where a defendant's offer would otherwise be beaten by a slightly higher award.

Our defender reparation team carry out all types of work for the public sector, self insured companies and major insurers.

Headed by the «very strong» Donna Makin, Geldards LLP's two - lawer team represents a mix of self - insureds, public sector organisations and insurers in the defence of employers» liability accident claims ranging from minor injuries through to injuries of maximum severity and death and occupational disease.

Our clients include insurers, large corporates, and public sector bodies such as Strategic Health Authorities and educational institutions.

In a segment which is equally divided between public sector undertakings and private insurers, it competes with general and life insurance companies and standalone health insurers like Star Health and Allied Insurance and Max Bupa.

Public sector general insurer, Oriental Insurance Company Limited, has resorted to premium loading apart from reduced brokerage to discourage the sale of mediclaim policies to older people.

ICICI Lombard General Insurance Co Ltd, India's top private sector non-life insurer, fell as much as 3.4 per cent in its market debut on Wednesday, after its initial public offering last week raised $ 871 million.

As the private and public sector market share changes, more claims will be processed by insurers.

Public sector insurance companies and large hospitals will finalise a uniform rate structure for cashless treatment scheme within a week, said chairman of a state - owned insurer.

Life Insurance Corporation of India, the leading government - owned life insurer in India, is all set to buy additional stake worth Rs. 178 Crores of Oriental Bank of Commerce, a leading public - sector bank based out of Gurgaon, India.

One of the foremost private - sector insurers, Star Health and Allied Insurance Company recently had a tie - up with two major public sector banks.

Life Insurance Corporation of India, the leading public - sector life insurer in India, has invested an equivalent of Rs. 2750 crores in shares of leading Indian public sector banks.

Bajaj Allianz General Insurance along with two other public sector general insurers recently awarded the contract to offer crop insurance to the farmers under the Pradhan Mantri Fasal Bima Yojna.

To rein in costs and abuse of insurance policies by hospitals, four public sector general insurers — National Insurance, New India Assurance, United India and Oriental Insurance Company — have prescribed rates for a number of surgeries.

The public sector general insurer, New India Assurance Company Ltd, on Saturday said it has posted a net profit of Rs 617.28 crore for the quarter ended December 31, 2017.

Four public sector general insurers, namely New India Assurance, United India Insurance, National Insurance and Oriental Insurance have begun recruiting to appoint 1,500 officials and 5,000 clerks during the current financial year, industry sources...

Chiefs of four public - sector general insurers met representatives of private hospitals today to settle the latest row on withdrawal of cashless facility on mediclaim policies....

Private insurer Reliance Life is exploring a distribution tie - up with several banks, including from the public, private and cooperative sectors, and may offer a stake of up to 5 per cent for the same.

Three public sector general insurers such as The Oriental Insurance Co. Ltd, United India Insurance -LSB-...]

The headquarter of New India Assurance Company is located in Mumbai, This public - sector non-life insurer is the sole direct insurer in India.

Incorporated in August 14, 2013 for handling claims of health insurance of the state - owned insurers, the common in - house Third Party Administrator (TPA) of the public sector general insurers - Health Insurance TPA of India will be operationalized completely by November only.

This year in August, the general insurers in the public sector formed a common in - house health insurance Third Party Administrator (TPA).

The private sector general insurers (excluding standalone health insurers) saw a higher rate of growth at 21.6 percent compared to the four public general insurers» growth of 13 percent.

Public sector general insurer United India Insurance Company is hopeful of achieving 15 per cent growth in its premium income to Rs 6,000 crore this financial year on the back of sound growth from all verticals of the company.

In terms of market share, public sector general insurers held 45.07 percent share while private general insurers held 43.41 percent share.

Four public sector general insurers, namely New India Assurance, United India Insurance, National Insurance and Oriental Insurance have begun recruiting to appoint 1,500 officials and 5,000 clerks during the current financial year, industry sources said here on Monday.