Sentences with phrase «public sector insurance»

This also reduces the pressure on public sector insurance companies which were otherwise compelled to provide the cover and run up major losses.

In 62 insurance companies, 8 are public sector insurance companies and balance 54 are private insurance companies.

The Central government has effected a top - level reshuffle among the CMDs of public sector insurance companies on Thursday.

May 14, 2014: There would be no purchase preference support according to the Finance Ministry for public sector insurance companies.

In order to achieve best value, Brunts Academy decided to use the national public sector Insurance Services framework agreement (RM958), which was developed collaboratively by Pro5 of which YPO is a member and Government Procurement Service.

Not just public sector insurance companies or banks, a number of private sector banks and insurance companies will also offer these services,» Adhiya added.

MYAS had sought bids from public sector insurance companies for providing insurance cover to athletes under the TOP scheme for indoor medical treatment upto 10 lakhs and insurance of Rs. 50 lakhs in case of death or permanent disability due to accident till Olympics 2016.

Public sector insurance players are up in arms over the insurance renewal of Air - Indias (A-I) 45 - aircraft fleet.

The chairman of the Star Health Insurance Mr. Jagannathan who has served as Managing Director of India's in the largest public sector insurance company, with 40 years of experience says, that it is essential to raise the investment limits as insurance is a capital intensive business with a longer waiting time of six to seven years for turnaround.

The apex insurance body and four other public sector insurance companies, including Life Insurance Corporation of India had informed the Punjab and Haryana High Court that the matter is under consideration and a decision will be taken shortly.

Mr. Suresh Prabhu, Railway Minister, has proposed to rope in public sector insurance companies to provide this insurance coverage.

Of these, Life Insurance Corporation of India (LIC) is the only public sector insurance company.

Public sector insurance major Life insurance Corporation of India hopes to register a total premium income of Rs 10,000 crore from the Varisth Pension Bima Yojana (VPBY) in 2004 - 05 for which the

The market share of public sector insurance companies fell from 57 per cent in 2010 to 50 per cent in the first half of 2016 - 17, according to ICRA.

The Central government has effected a top - level reshuffle among the CMDs of public sector insurance companies

In 1993, the United Trust of India alongwith all the six giants of public sector insurance, that is Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), New India Assurance (NIA), Oriental Insurance Company (OIC), National Insurance Company (NIC) and United India Insurance (UII), put their heads together to start a bank under the name «UTI Bank».

Public sector insurance companies have so far received more than 13,000 claims for over Rs 1,400 crore from traders and small businesses, which suffered losses in the recent rains in Maharashtra.

After facilitating 49 per cent FDI in the insurance sector via ordinance, the finance ministry is reviewing operations of all the public sector insurance firms to know their preparedness to face competition.

At a meeting of private hospitals and public sector insurance companies last Friday, both the parties had agreed to restore the cashless treatment facility under the mediclaim policy within 10 days.

While tax officials have also checked the records of the public sector insurance companies, since they also sell motor policies, a government source said it was for purposes of corroboration only.

The Rs 13,000 - crore domestic health insurance market is likely to witness a shake - up soon with the four public sector insurance companies, namely National Insurance, New India Assurance, Oriental Insurance and United India Insurance, reviving their plans to float a Third Party Administrator (TPA) exclusively for the four PSUs.

From July 1, public sector insurance companies had suspended about 150 hospitals from their list of Preferred Provider Network healthcare companies which provide cashless hospitalisation services to policy holders under the mediclaim scheme.

We may use that in future,» a chairman of one of the public sector insurance companies said here.

«The four public sector insurance companies...

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.

The employees of 5 public sector insurance companies including Oriental General Insurance have got the wage hike of 13.5 % with retroactive affect from August 2012.

The merger will increase the combined strength of the public sector insurance companies, and also add to enterprise value.

Four public sector insurance companies, including Life Insurance Corporation of India, have also submitted that the matter is under active consideration and a decision in this regard would be taken soon.

It was informed that the Centre has already written a letter to the IRDA and the four public sector insurance companies on August 5 to consider framing insurance policy for infertility treatment.

The public sector insurance companies had to resort to rationalisation of rates for cashless facilities as they suffered a loss of Rs 2,000 crore because of overcharging by hospitals in Mumbai, Delhi, Chennai and Bangalore.

Despite huge investments, public sector insurance companies are facing a high claim ratio and falling profitability

A senior executive of a public sector insurance company said that they have already given their views on insurance repositories to Irda and only tie - up with the entities after clarity emerges on the issues.

The Rs 13,000 - crore domestic health insurance market is likely to witness a shake - up soon with the four public sector insurance companies

Expressing concern over rising losses of the public sector insurance companies, finance minister Pranab Mukherjee asked them to curb unhealthy competition in underwriting premiums and rationalise product pricing

He made it clear that general insurers should lower the amount of to dealers and pass on such benefits to the customers which can result in a lower premium,» said the chairman of a public sector insurance company.

Following the government's announcement in the last Budget of a merger of three public sector insurance companies, a committee comprising senior executives of the three firms have been formed to assess the conditions of the merger.

One of the senior official informed that they were to regulate the bid among the public sector insurance companies, and later, would announce the winner of the contract within few months.

Today the minimum sum assured by the public sector insurance companies is INR 50,000 and INR 1 Lakh for the private sector companies while 95 % of the online health insurance policies the minimum sum assured is INRs 3 Lakhs.

At that time, the Centre had written a letter to the IRDAI and four public sector insurance companies to consider it.

Established on on 18th February 1938, United India General Insurance Company is the public sector insurance company.

Sampath, who is a member of TAC, noted that the public sector insurance companies such as New India Assurance, United India Insurance Company, Oriental Insurance Company along with NIC control 80 per cent of the general insurance market.

Could it be because one of the companies was a public sector insurance company?

Life Insurance Corporation (LIC) of India is a public sector insurance company, headquartered in Mumbai, the commercial capital of India.