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Ratings of three PSU insurers downgraded

September 05, 2019 3:52 am

These companies — two of them reported an erosion in their capital and reserves — may require around Rs 5,000 crore recapitalisation to meet the regulatory standards, experts said.

Short change: FII net inflow in Indian equities hit R9,600 crore in April

May 05, 2014 2:08 am

This was the eighth consecutive month of net inflows by foreign investors after they pulled out Rs 5,923 crore from the stock market in August.

National Insurance to pay Rs 15L to girl

October 03, 2012 12:26 pm

A girl was awarded compensation after 12 years of the her father's death.

PSU insurers low promotion barriers sparks debate

September 09, 2012 12:43 am

India's public sector insurers have come up with a new promotion policy,which is being contested within the industry even before its implementation.

PSU insurers revive plans to float third party administrator

August 03, 2012 1:33 am

The Rs 13,000-crore domestic health insurance market is likely to witness a shake-up soon with the four public sector insurance companies

Company to pay for damages of a burglary

July 15, 2012 3:45 am

National Insurance Company Limited,Sector 17,was directed to pay for the damages of a burglary at the residence of an insured resident.

National Insurance to pay Rs 2.75L for wrongly rejecting mediclaim

July 11, 2012 5:54 pm

The National Insurance Company Ltd has been directed by a consumer forum here to pay Rs 2.75 lakh to a policy holder for rejecting his claim seeking reimbursement of expenses incurred on his mother's knee replacement surgery.

Curb unhealthy competition: FM tells PSU general insurers

June 14, 2012 1:03 am

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

NICL to pay Rs 1.5 L for theft of vehicle

May 11, 2012 8:08 pm

The National Insurance Co Ltd (NICL) has been directed by a consumer forum here to pay a policy holder insured amount of Rs 1.3 lakh for a stolen car along with compensation of Rs 15,000 for rejecting his claim on the ground that the driver had claimed to be the owner of the vehicle in the FIR.