Sentences with phrase «sector insurance companies»

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

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

Birla Sun Life is one of the leading private sector insurance companies in India.

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.

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

Due to the implementation of new taxes on insurance policies, premium prices have increased considerably, but still if you compare policies from both public and private sector insurance companies operating in the country, it is still very much possible to find a deal that is both profitable and suitable for your requirements.

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.

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

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.

The other private sector insurance companies which have witnessed significant fall in premium collection were SBI Life (23.97 per cent), Birla Sun Life (15.56 per cent), Shriram Life (14.6 per cent), Sahara Life (12.94 per cent) and Future Generali Life Insurance (12.60 per cent).

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 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.

Nearly 70 per cent of the premium income of private sector insurance companies till now flowed from ULIPs.

Investment in equities for the private sector insurance companies however are guided by norms laid down by the Insurance Act and the Insurance Regulatory Development Authority (IRDA).

A mediclaim insurance policy offers the benefit of hospitalisation and both public and private sector insurance companies offer mediclaim policies... Read More

PNB MetLife Insurance Company in India came into action in year 2008 and was recognized as best private sector insurance company for the year 2013 - 2014.

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.

Since then things have certainly changed and now along with the government sponsored general insurance companies, there are 20 private sector insurance companies operating in India and offering their products.

Now, private sector insurance companies such as Cholamandalam MS General Insurance, Reliance General Insurance and Shriram General write more third party insurance than motor own damage.

Holding a share of 6.12 % of the total market currently the company is the biggest private sector insurance company in India.

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.

Justice Cunningham noted that various private sector insurance companies had expressed interest in participating as warranty providers should a competitive market replace today's monopoly structure.

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

PMI policies are arranged by the mortgage lender and provided by private - sector insurance companies.

PMI policies are arranged by the mortgage lender and provided by private - sector insurance companies.

HDFC Life is the third largest private insurance company in the country which has 16.5 % of total premium collected by the private sector insurance companies in the financial year 2017.

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

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.

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

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.

Leading private sector insurance company, Bajaj Allianz General Insurance, has launched a comprehensive insurance for small and medium business enterprises (SME) called Commercial Package Policy.

«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 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.

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.

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

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.

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.

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.

In India a wide variety of term insurance plans are available from both public and private sector insurance companies having an equal variety of features and premiums and if you are not well familiar with the domain things can be pretty confusing at times.

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.