«Life insurance companies have been adhering to rural and
social sector obligations by covering more than 19.3 million lives in the social sector in 2008 - 09.
ING Vysya, the private sector life insurance company, has done exceedingly well in terms of fulfilling its rural and
social sector obligations during the last financial year.
While the Insurance Regulatory and Development Authority (Irda) is working on making third - party motor cover obligatory for non-life insurance companies along with rural and
social sector obligations, private insurers want to abolish the fund, which...
Vibha Padalkar, executive director and chief financial officer of HDFC Life, noted the regulator has already brought out norms for rural and
social sector obligations, stipulating stricter penalties for defaulting on these obligations.
Bajaj Allianz, with 53,014 policies, and Iffco - Tokio, with 42,203 policies, were the only private sector non-life insurers which could fulfill their rural and
social sector obligations for the
Not exact matches
There are three modules of ownership of public institutions, the extreme end, only government owned institution, the hybrid are mixture of government and private people, the extreme end, the outright privatization and you sell government patrimony to private
sector people who are in need of money, you can do it in other institutions not the Post because it remains a
social obligation.
Parties shall, when pursuing actions in the land
sector in addition to actions in other
sectors and consistent with all relevant international
obligations, prioritise the protection, maintenance and restoration of natural ecosystems; undertake emissions reductions and removals in an equitable manner; and the governing body shall develop principles and guidelines for ensuring
social protections, food security, ecological integrity, transparency and comparability in relation to such actions.
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.