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From merger, govt now looks to de-merge 3 PSU insurers then look for strategic sale

With its plans on consolidation in the insurance sector hitting several hurdles, the government has started exploring different options including de-merging three of its big-size general insurance companies into smaller units and then look at strategic sale of few operations to the private sector. The Finance Ministry earlier considered merging three public sector general insurance

Invest Insurance age

At Which Age You Should Invest In A Term Insurance

Term insurance is a budding name in the market of life insurance. People who have knowledge about life insurance choose term insurance in one go and those who want to know more about and naive to insurance market they also choose term insurance in one go. This is because term insurance is the simplest and

ESIC hospital health

Centre to open its underutilised ESIC hospitals for common people

In a bid to increase healthcare coverage for the common people, the union government has decided to allow non-Insured Persons (IPs) to avail medical services from the underutilised ESIC Centre to open its underutilised ESIC hospitals for common people paying nominal user charges. The ESI Corporation during its 176th meeting held on Wednesday decided to allow non-IPs to

New Cars Costlier Insurance Sep

SHARE New Cars To Get Costlier; Three-Year Third-Party Insurance Mandatory From 1 September

Purchasing a new car will get slightly costlier from 1 September 2018, as all new cars sold in India will now come with a mandatory three-year third-party insurance. Until now, the standard one-year third-party insurance was renewed every year with either the comprehensive and zero-dep insurance, or independently. Third-party insurance covers any damage inflicted on others

’15 insurers offer products covering AYUSH treatment’

’15 insurers offer products covering AYUSH treatment’. At least 15 insurance companies are offering products that cover various systems of AYUSH treatment, the government said today. Finance Minister Arun Jaitley told the Lok Sabha that the defined health packages under the Rashtriya Swasthya Bima Yojana (RSBY) and Senior Citizen Health Insurance Scheme (SCHIS) do not

Seven convicted in Insurance Murder scam by Amritsar Court

Amritsar: Additional Sessions Judge Amritsar on Wednesday convicted seven accused in a classic case of Insurance Murder scam in which two innocent labourers were charred to death in a car in 2014. The accused had hatched a shocking conspiracy to claim insurance of several crore rupees from different insurance companies. The court convicted Sahib Singh, Jasbir

United India Insurance Company imparts training to newly recruited staff

Ludhiana: United India Insurance Company imparted three weeks’ training to newly recruited Assistants in its Regional Training Centre, Ludhiana. For two-weeks class room training was given and for one week “On the job training” was imparted in its operating offices.   On the concluding day of the training programme Angrup Sonam, Chief Regional Manager addressed all the participants and

Punjab Govt extends one year insurance plan for farmers

Chandigarh: In order to provide free and better health services to the farmers, Punjab government has extended by one year the Bhagat Puran Singh Health Insurance Scheme for the farmers, starting from November. Giving details, the spokesman said that under this farmer friendly Free Health Insurance Scheme, 4.33 lac farmers have been registered by the

Patiala Insurance Officer held for taking Rs 13 K bribe

Patiala: Punjab vigilance bureau arrested an insurance agent while receiving the bribe of Rs 13,000 for releasing the claim amount, on Wednesday at Patiala. The accused has been identified as Inderpal Singh investigation officer of New Indian Insurance Company at Patiala. Complainant, Gurjit Singh resident of village Kangthala in Patran stated in his complaint that

Terminally ill can’t be denied insurance claim: HC

Chandigarh: In a landmark judgement, thePunjab and Haryana High Court has ruled that the family of a terminally-ill person, who decides to stop treatment against medical advice and dies, cannot be denied insurance claim. The court said the patient’s desire not be treated was an issue of “patient autonomy” and “embracing dignity in death”. Dismissing