Sentences with phrase «public general insurers»

Public general insurers have 54.54 per cent market share while private players capture 45.46 per cent upto September

The TPA, which is being set up with an investment of over Rs 200 crore by the four general insurers — New India Assurance, United India Insurance, National Insurance and Oriental Insurance — to look into health claims and handle claims received by these public general insurers is now likely to be launched only next month.

In a break - up of the data, regulator Irdai said there was a rise of 40 % in public general insurers» premium at Rs 6,279.31 crore in August, from Rs 4,489.63 crore in the same month a year ago.

Public general insurers have already mooted a common TPA to handle health claims.

In the wake of the situations, the four public general insurers namely National Insurance Company, New India Assurance, Oriental Insurance and United India Insurance are holding a meeting today to discuss the process of claims verification and settlement.

The in - house third party administrator (TPA) for public general insurers would be operational from January 1, 2014, according to G Srinivasan, chairman and managing director of New India Assurance.

This TPA, expected to be operational from January 1, 2014, would have the four public general insurers — New India Assurance, Oriental Insurance, National Insurance and United India Insurance and reinsurer General Insurance Corporation of India (GIC)-- as stakeholders.

This TPA will look into health claims, would handle majority of claims received by public general insurers

The common Third Party Administrators (TPA) that would be operational from January 1, 2014 will see the four public general insurers, New India Assurance, Oriental Insurance, National Insurance and United India Insurance and reinsurer General Insurance Corporation of India (GIC) as stakeholders.

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.

Moreover, public general insurers have also lent their hand in the launch of this company by deputing people.

The main role of the division is to exclusively manage health claims of public general insurers.

In order to downsize health cost via PPO, public general insurers have come up with a mechanism where, an insured can have cashless treatment in the hospitals which have agreed to the preferential pricing.

Most of the stocks of TPA are controlled by public general insurers as it is the TPA that has to process their health claims.

Public general insurers and private general insurers seek hike in TP premiums for 2015 - 16 to make up for losses

The Health Insurance Third Party Administrator (TPA) of India which has been set up to manage health claims of public general insurers is all set to begin operations in April 2015.

This TPA will look into health claims and handle claims received by these public general insurers.

An external TPA handling claims will add to the costs, hence public general insurers went in for a common TPA.

Srinivasan also said that New India Assurance, alongwith the other three public general insurers is looking to get an in - principle approval from Insurance Regulatory and Development Authority (Irda) to set up an in - house third party administrator (TPA).

This TPA would have the four public general insurers holding 23.75 per cent stake each.

In the same period in 2011, the public general insurer has posted a net loss of Rs 178 crore owing

Not exact matches

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.

In consideration of being permitted to participate in any way in the ALL SPORTS SERIES AND CHICAGO SPORT & SOCIAL CLUB, INC. («CSSC») and its affiliates (CSSC and its affiliates are referred to collectively as the «CLUB»), the sufficiency of which consideration is expressly acknowledged, and intending to be legally bound, do hereby, for myself, my heirs, executors, administrators, insurers, assigns, attorneys, representatives, agents, beneficiaries, legatees, representatives, successors, assigns and any other persons who may make claims on my behalf (collectively the «RELEASORS») Program indicated below and / or being permitted to enter for any purpose any restricted area (here in defined as any area where in admittance to the general public is prohibited), the participant and the parent (s) and / or legal guardian (s) of the minor participant named below agree:

Congratulating Theresa May on becoming Prime Minister, Huw Evans, Director General of the Association of British Insurers (ABI), said: «The appointment of our second woman Prime Minister is a positive day in British public life which will hopefully encourage many more women to stand for election to Parliament.

This event is meant for the general public, patient organisations, regulators, insurers and policy makers.

Allstate Insurance Co. last week became the first insurer serving the general public to discount premiums for cars and trucks equipped with four - wheel anti-lock brakes, computer - controlled systems that provide quicker and straighter stops.

In the same vein as USAA, Farm Bureau is also an exclusive insurer that does not offer its services to the general public.

Unfortunately, the Marshall report's recommendations will do very little to address the legitimate concerns of accident victims, motor vehicle insurers and the general public; the recommendations are unlikely to resolve the serious problems identified in the report.

He also acted as lead counsel for the General Service Small / General Service Medium customer class in a multi-week hearing before the Manitoba Public Utilities Board for the first Cost of Service Review of Manitoba hydro in over 10 years, and is acting for acting for SNC - Lavalin as a plaintiff in a multimillion - dollar coverage claim as against its insurer with respect to an E&O claim regarding a major infrastructure project in Manitoba.

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.

«Motorists who forgo purchasing insurance create a problem that is of great concern to auto insurance policyholders, insurers, regulators, and the general public,» the report states.

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.

The TPA had earlier run into trouble after the Competition Commission of India (CCI) had ordered an investigation by the CCI director - general, into alleged anti-competitive practices of General Insurers» (Public Sector) Association ofgeneral, into alleged anti-competitive practices of General Insurers» (Public Sector) Association ofGeneral Insurers» (Public Sector) Association of India.

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.

The General Insurance Officers» All India Association (GIOAIA) has urged the General Insurers» Public Sector Association (GIPSA) to initiate the second round of wage revision negotiations with the

Their hope is to benifit «insureds, insurers and the general public at large.»

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 BimaGeneral 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 Bimageneral 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.

Being a well regulated market through IRDAI with multiple grievance handling mechanisms in place, the general public believes that all the contractual obligations on the part of the insurers are reasonably guaranteed / protected in the best interest of customers.

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.

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.

Back in 2011, the fair trade regulator had dismissed an ATPA complaint against General Insurers (Public Sector) Association of India.

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....

While the insurers» move has been vehemently opposed by large hospitals, the general public has also been caused inconvenience as settlement claims for many of them were refused at the hospitals not on the preferred list for such a facility.

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

Earlier, TPA had got a setback when Director - General of Competition Commission of India (CCI) ordered an inquiry for alleged anti-competitive practices of General Insurers» (Public Sector) Association of 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 largest of the financial claims have to do with general public insurers with big commercial Vizag establishments as their clients.