Sentences with phrase «owned general insurers»

For its initial set up, TPA is funded with paid up capital of Rs 10 crore and authorized capital of Rs 300 crore from government owned general insurers.

The government owned general insurers have recorded a growth of 10 percent in gross premium during 2013 - 14 and projected a growth of 100 percent in the next five years.

The state - owned general insurers generated Rs. 4,940 crore in premium capital in April 2015, which is a 10.5 % increase from the previous year.

«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.

Not exact matches

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 oGeneral 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 ogeneral 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 %.

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 oGeneral 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 ogeneral 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 %.

In general, if you have a $ 1,000 deductible, you must pay $ 1,000 for your own care out - of - pocket before your insurer starts covering a higher portion of costs.

«Till now the general insurers were providing for the standard third party portfolio on the basis of their own actuarial valuation.

However, the comprehensive motor cover premiums that comprises motor own damage (OD) and motor third - party (TP) cover might be up by at least 30 per cent, since general insurers are planning to raise motor OD premiums.

At present, these five PSU general insurers are fully owned by the government.

There are two types of insurance policies sold by the general insurers: the third party, which is mandatory and whose pricing is regulated by the Irda; the other is «own damage segment» which is optional and pricing is fixed by the general insurers.

«This remarkable growth is a joint effort from 17 privately held insurers, 4 state - owned insurers, 5 autonomous health insurers, and 2 specialized insurance companies,» stated the General Insurance Council report.

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.

It is a joint venture between Mitsui Sumitomo Insurance Company Ltd., a wholly owned subsidiary of the well — known general insurer MS&AD Insurance Group and Max India Ltd., an Indian corporate house dealing in a variety of businesses.

Private sector general insurers gained their combined market share to 44 % in FY14 despite the depressed economic scenario, at the cost of the state - owned insurers, show the data from the regulator IRDA.