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.
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.
Other private -
sector general insurers that were the losers include Royal Sundaram, Tata AIG, Universal Sompo and Shriram General.
In terms of market share, public
sector general insurers held 45.07 percent share while private general insurers held 43.41 percent share.
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.
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.
Three public
sector general insurers such as The Oriental Insurance Co. Ltd, United India Insurance -LSB-...]
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....
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...
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.
Its members represent more than 90 per cent of total premium income written by private
sector general insurers.
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.
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.
Private
sector general insurers are more upbeat than life insurers.
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.
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.
Private
sector general insurer SBI General Insurance was able to control losses in its third year of operations, and has 208 % premium growth for the financial year 2012 - 13.
Private
sector general insurer HDFC ERGO which plans to better industry growth this fiscal says retail health premium revision should be automatic.
Private
sector general insurer ICICI Lombard is upgrading use of forensic methods to detect fraud in claims by companies, in the...
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.
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.
Private
sector general insurer HDFC Ergo is likely to see a capital infusion of around Rs 80 crore in the next one - and - a-half years to support business growth.
Public
sector general insurer United India Insurance has said it is looking to re-enter the overseas markets and will soon carry out a feasibility study to assess the business potential.
To provide insurance cover to the people in the lower socio - economic strata, the private
sector general insurer ICICI Lombard plans to expand the coverage of «Swayam Shakti Suraksha»
Not exact matches
With Fitbit, Park is partnering with a host of companies and his gadget company is increasingly embedded in the traditional health care
sector as it works with
insurers, medical device companies, and employers to try to figure out how to motivate and engage individuals in behaviors that can help manage chronic conditions as well as
general wellness.
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.
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.
Private
sector insurer ICICI Lombard
General Insurance has seen almost 39 % growth in top - line as per their results for the first six months
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.
HDFC Ergo has acquired L&T
General Insurance business and is now the third - largest private
sector insurer in the Rs1.5 lakh crore industry.
Consumers can also enjoy waiver of deductibles that allows them to migrate to «
general insurer's full - fledged indemnity - based health insurance plan» in the private
sector.
This year in August, the
general insurers in the public
sector formed a common in - house health insurance Third Party Administrator (TPA).
General insurers such as Tata AIG, Reliance
General, Royal Sundaram, ICICI Lombard, HDFC Chubb and Cholamandalam could not fulfill their rural obligation, while some of these companies were able to meet their social
sector cover requirement.
Some of the private
sector non-life
insurers, who gained market share during the year include Bajaj Allianz, HDFC Ergo, SBI
General, Reliance
General and Bharti Axa.
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.
Private
general insurer Bajaj Allianz General Insurance has launched a USB - based telematics device to monitor car usage and driver behaviour, which is the first such product in the
general insurer Bajaj Allianz
General Insurance has launched a USB - based telematics device to monitor car usage and driver behaviour, which is the first such product in the
General Insurance has launched a USB - based telematics device to monitor car usage and driver behaviour, which is the first such product in the
sector.
Private
sector insurer Bajaj Allianz
General Insurance hopes to close the current fiscal with a gross premium of Rs 4,000 crore.