UNITED INDIA INSURANCE COMPANY
Can’t deny insurance claim over driver’s fake licence: Supreme Court
The SC said wilful breach of the conditions of the insurance policy should be established to deny claim to the insured.
Govt okays proposal to infuse Rs 2,500 cr into 3 PSU general insurers for improving financial health
Briefing reporters here, Union Minister ...
Union cabinet okays changes in 'Vivad se Vishwas' Bill for faster resolution in direct tax litigation
The minister hoped that people will tak...
NIC board approves merger proposal with two other insurers: Officials
"The board met today and cleared it. The board also discussed about operational integration," West Bengal State General Insurance Employees Association general secretary Tapan Mitra told . Attempts to contact NIC officials did not materialise.
Regulator raises alarm over poor health of National Insurance Company
Govt will need to infuse around Rs 3,000 crore in insurer to keep it afloat for the next two quarters.
Market Movers: What changed for D-Street while you were sleeping
Check out what might matter on Dalal Street all through Monday.
IMG to discuss merger of state-run insurance companies
The initial plan, announced in the FY19 budget, had been to merge Oriental Insurance Company, National Insurance Company and United India Insurance Company – all unlisted entities – into one entity.
Government mulls various options for consolidation of PSU general insurers
The consolidation in the public sector general insurance companies is part of disinvestment strategy.
Market Movers: What changed for Dalal Street when you were sleeping
Nifty futures on the Singapore Exchange were trading 17 points, or 0.16 per cent.
Merger of 3 PSU general insurers to be completed by FY'20
As on March 31, 2017, the three companies together had more than 200 insurance products with a total premium of Rs 41,461 crore and a market share of around 35 per cent.
EY to advise on merger of 3 PSU general insurers
The government has proposed to merge three public sector general insurance companies -- National Insurance Company, Oriental Insurance Company and United India Insurance Company.
Kerala floods: More than 11,000 claims worth Rs 1,200 crore filed
All flood-related deaths will be treated as accident cases eligible for insurance claims, Srinivas said, adding the companies will go by the list of deceased provided by the government.
Jammu and Kashmir floods: United India Insurance Company gives Rs 1 crore for relief
The United India Insurance Company gave a cheque of Rs 1 crore to Chief Minister Omar Abdullah for flood-hit people of Jammu and Kashmir.
CCI imposes Rs 671 crore penalty on four state-run insurance companies
CCI has imposed the highest penalty of Rs 250 crore on New India Assurance Company. United India Insurance Company faces Rs 156.62 crore penalty.
General insurers' returns may be hit by Irda investment norm
Returns made by general insurance companies may come under pressure as the Insurance Regulatory and Development Authority is planning to slash investments in securities 'other than those approved' by 10%.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service