With the entire country’s eyes now glued on our Finance Minister Mr. Arun Jaitley presenting Union Budget 2018. Here are the important highlights circling around the Insurance Industry based on National Health Protection Scheme: The National Health Policy 2017 has seen health and wellness centers as the foundation of India’s healthcare system. He commits Rs.
National Insurance Company- a state-owned insurance company is likely to list by March 2018. This state-owned general insurance company has already received an in-principle approval from the Insurance Regulatory and Development Authority of India. This company may need a higher amount of funds as compared to others. The Insurance Regulatory and Development Authority of India
On Wednesday, 8th Nov 2017, the Insurance Regulatory And Development Authority Of India (IRDA) said that the linking of Aadhar number with insurance plans is compulsory and asked insurance companies to implement the statutory norms. “The Authority clarifies that, linkage of Aadhaar number to insurance policies is mandatory under the Prevention of Money Laundering (Maintenance
National Insurance Co. Ltd is all set to become the second state-run general insurance company of India as it has filed with the IRDA for the selling of shares that may cost around Rs 25000 crore. The company is looking forward to the IRDA Approval on the same. During the last year, the state-run general
The famous insurance company of the general insurance industry- National Insurance Company is all set to receive around Rs 5000 crore through the proceeds of the planned public offer. According to the sources, the National Insurance Company (NIC) which is completely owned by the government of India, would use the amount to boost its capital
The All India Insurance Employees Association (AIIEA) which refers to be the major union in the public sector general insurance companies is now asking for a merger of four companies for the rapid growth. Sanjay Jha, Secretary Standing committee (General Insurance, AIIEA), said, “The central government is planning to merge three non-life insurance companies — United India Insurance, Oriental Insurance and National
29 March 2017: National Insurance Company- the state-run insurer has raised Rs 893 crore via subordinated debt that is mobilized from a group of investors including insurance companies and pension funds. This big step will help NIC in meeting its solvency margin that is below the set limit. The documents include a coupon of 8.35%