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NATIONAL INSURANCE COMPANY NEWS

Insurers’ underwriting losses rise to Rs 22,859 crore; three PSU players among worst hit

December 01, 2020 10:21 am

While state-owned New India Assurance contributed the highest net profit of Rs 1,418 crore, the sector — comprising 32 players — has been saddled with total losses of Rs 1,402 crore in FY2019-20.

Govt to select top insurance honchos this week

July 14, 2015 1:44 am

Even as Ministry of Finance (MoF) has clarified that there is no move to bifurcate the posts of CMDs in the public sector general insurance companies.

NIC gets 3rd temporary head within one year

February 22, 2015 2:46 am

The CMD post of National Insurance has been lying vacant for the last one year.

Consumer forum holds doctor responsible for newborn baby’s death, fines her

July 04, 2014 4:23 am

Gynaecologist and the insurer of her nursing home asked to pay combined fine of Rs 12 lakh.

Insurance firm told to pay resident Rs 1.65 lakh for not granting claim amount to repair house

May 28, 2014 1:14 am

The suburban resident, on the contrary, argued that there was “deficiency in service” and pressed for Rs 2 lakh compensation with 12 per cent interest.

Public sector insurers stage coup in mediclaim business

December 31, 2013 10:27 pm

Firms like Accenture,SAIL and Wipro have moved group medical cover for staff to public sector players.

Insurance company fined for deducing wrong age of cow

October 18, 2013 3:38 am

The National Insurance Company has been held deficient in services for not paying the full insurance amount of the deceased cow to the owner.

Forum asks insurance firm to compensate pharma company

September 06, 2013 1:46 am

The State Consumer Dispute Redressal Forum has found National Insurance Company deficient in services and slapped a fine of Rs 1 lakh for causing mental agony and harassment to the owners and partners of a Himachal Pradesh pharmaceuticals firm

Insurance company ordered to compensate policy holder for non-payment of claim

October 25, 2012 12:26 am

The consumer alleged deficiency in service by the company as he was compelled to pay Rs 11,300 towards charges of medication and treatment due to denial of cashless facility by the company.

National Insurance company to pay Rs 25.17 lakh as compensation

October 21, 2012 9:58 am

The Motor Accident Claims Tribunal (MACT) has granted a compensation of Rs 25.17 lakh to the parents of a youth,who was killed in a road accident in 2010.