Sentences with phrase «general insurers»
The phrase "general insurers" refers to companies that provide insurance coverage for a wide range of common risks and damages. These insurance companies offer policies to protect individuals, businesses, and properties from various types of loss, such as car accidents, home damage, or theft. Full definition
Further, it is intended to process claims of public general insurers in - house, rather than handling by an external agency.
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Private sector general insurers are more upbeat than life insurers.
This means the claims incurred are more than the premiums paid for such private general insurers.
There are a good number of general insurers offering insurance plans, covering maternity related expenses.
So, it is currently a very small portfolio for general insurers.
The plans offered by general insurers are more comprehensive as well.
Both life and general insurers offer critical illness covers.
Under the terror pool, general insurers cover any loss and liabilities to property that may result from a terrorist attack.
This means general insurers will have to take a hit on their profitability after providing higher capital for the third party motor portfolio.
This move of the regulator will ensure that general insurers hike prices in the group health insurance segment according to a senior official at a private general insurance company.
After life insurers, it's general insurers who are knocking at the finance minister's door, calling him to save the industry from a worsening situation.
Now, when you are looking to get a vehicle insurance, it is imperative to check out the cost available with different general insurers.
The general insurance products will vary according to general insurer involved.
Moreover, instead of handling by an external agency, it facilitates the in - house environment to process the claims of public general insurers.
Since then, 22 of the 23 private life insurers have tied up with overseas partners, while most of the 24 private sector general insurers have foreign equity.
He also included that on previous year the company has witnessed a growth of 13 % and the enhancement in infrastructure projects will be an advantage for general insurers.
Other private general insurers are setting up a fully integrated internal claims servicing process either by the end of this financial year or the next.
In stand - alone critical illness plans issued by general insurers, premium increases with age.
Even two years after the third party motor pool for commercial vehicles was done away with, the woes of general insurers are far from over.
There are only four public sector general insurers in the country New India Assurance Company, National Insurance Company, United India Insurance and Oriental Insurance, which collectively own the majority of the market share.
An official of private general insurer said that they had approached Insurance Regulatory and Development Authority (IRDA) for increasing the travel insurance premium because of the rupee depreciation, as quoted by the resources.
Taxi - hailing application, Ola, has partnered with private general insurer Bajaj Allianz General Insurance to provide motor insurance solutions to its driver partners.
«Oriental Insurance Company, United India Insurance, New India Assurance and National Insurance Company are the four government - owned general insurers providing the cover along with a private insurer,» the official said, adding the annual premium would be around Rs 40 lakh.
General insurers pay the claims for outbound travel insurance in foreign currency while the insurance companies gather premium in rupees.
ALSO READ: Life insurers pip general insurers on premium growth in June quarter The saving is not «considerable», say financial planners.
The insurance regulator, Irda, on the basis of a Supreme Court judgment, had asked general insurers to increase their reserve requirement against third party claims in 2011 - 12.
National Insurance pipped New India Assurance to emerge Indias largest general insurer in January with a premium income of Rs 313.18 crore.
This TPA would have the four public general insurers holding 23.75 per cent stake each.
A massive decline in claims has helped the state - run general insurer New India Assurance Company swing back...
Back in 2011, the fair trade regulator had dismissed an ATPA complaint against General Insurers (Public Sector) Association of India.
Max Bupa was declared as General Insurer of the Year at the ABP News Banking, Financial Services, and Insurance (BFSI) Awards 2014.
Private sector general insurer ICICI Lombard is upgrading use of forensic methods to detect fraud in claims by companies, in the...
Max Financial Services Ltd is part of the Max Group, which is a leading Indian multi-business corporation, while Mitsui Sumitomo Insurance is a member of MS&AD; Insurance Group, which is amongst the leading general insurers in the world.
ASX - listed general insurer QBE Insurance Group may hike its premiums, despite the expectation that almost the entire cost of its exposure to hurricanes Irma and Harvey will be covered by its robust reinsurance program, according to Citi.
Finance minister P Chidambaram will meeting general insurers in New Delhi on Monday to understand the problems of the industry.
Public general insurer New India Assurance has launched «New India ASHA KIRAN Policy», a floater Health Insurance policy for a family having only girl children.
«Global general insurer QBE disappointed again with another earnings downgrade, just when confidence was rebuilding in management's ability to return the previous market darling into the status of a well - run business, delivering consistent and good - quality earnings growth,» Morningstar analyst David Ellis said.
If that were representative of general insurer practice (and I see no reason why a special exception was made in my case) it ought to be widely commended.
Private sector general insurer SBI General Insurance was able to control losses in its third year of operations, and has 208 %...
Private general insurers provide cover to best exporter and the best buyer, where the risk of default is less
Private sector general insurer HDFC ERGO which plans to better industry growth this fiscal says retail health premium revision should be automatic.
SBI Car Insurance by SBI General Insurance Company is the most trusted general insurer in India which is a joint venture between State Bank of India owning 74 % of the total and Insurance Australia Group (IAG) holding the rest of 26 %.
Tata AIG General was bestowed with the «General Insurer Claims Team of the Year» award by Claims Awards Asia 2013.
Most of the top general insurers in India such as Apollo Munich, Reliance General, ICICI Lombard and Bajaj Allianz have travel insurance for over 70s.
The chief executive of a mid-size general insurer said that since the rate hikes was not as per their expectations, they would have to compensate for it by hiking motor OD rates by at least 20 - 30 per cent.
At present, these five PSU general insurers are fully owned by the government.
Indian general insurers now have started providing student travel policies which also cover expenses on cancer screening, organ transplant, sports injuries, childbirth and physiotherapy.
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.