Aug 07, 2018 03:42 PM IST
Prior to taking up the new role, Gopakumar was serving GIC Housing Finance Ltd as its Managing Director and Chief Executive Officer
- Feb 13, 2018 06:52 PM IST
The government has proposed in the Budget to merge National Insurance Company, United India Insurance and Oriental Insurance Company into one.
- Jul 06, 2017 08:35 AM IST
Despite this, the general insurer reported a net profit of Rs 49 crore for fiscal 2017, massively down from Rs 151 crore in the previous fiscal and Kumar blamed it on higher provisioning towards liabilities.
- Jun 04, 2017 02:38 PM IST
The Insurance Regulatory and Development Authority of India (IRDAI) has terminated the membership of an actuary of state-owned non-life insurer National Insurance Company (NIC) for alleged wrongdoings.
- Feb 22, 2017 07:34 PM IST
In a bid to achieve the required
solvency margin of 1.5, state-run National Insurance Company
is set to raise Rs 800 crore through subordinated debt in near
future, a top company official said today.
- Jan 18, 2017 09:00 PM IST
The general insurance industry and analysts today welcomed the government decision to take the five state-owned companies public, saying it will help unleash the value potential of the sector apart from forcing the private players to follow suit.
- Jan 18, 2017 02:52 PM IST
The Cabinet on Wednesday approved plans to divest a 25 percent stake in each of the five fully-owned public sector general insurance companies by listing these on stock exchanges.
- Mar 09, 2016 08:02 AM IST
"This year, as capital markets remained weak, investment income will remain under pressure. However, we are expecting expecting 8-10 percent rise in profits," NIC's Chairman and Managing Director K Sanath Kumar said here today during his first interaction with media after taking over as head of the city-based insurance PSU.
- Sep 09, 2015 07:04 PM IST
"Taking into view the current market dynamics, the expected growth for the industry is in the range of 12-13 percent. We are eyeing a growth of 10 percent to Rs 12,375 crore in FY16," Rajesh Aggarwal, Joint Secretary in the Finance Ministry, who has been given the additional charge as the Chairman and Managing Director of NIC, told PTI.
- Jul 17, 2015 01:19 PM IST
State-owned non-life insurers are "surprised" at the Rs 671-crore penalty that fair trade watchdog CCI on Thursday slapped on them for allegedly forming a cartel and rigging the tender floated by Kerala government to select insurance provider for Rashtriya Swasthya Bima Yojna.
- Jul 16, 2015 09:26 PM IST
State-owned non-life insurers are "surprised" at the Rs 671-crore penalty that fair trade watchdog CCI today slapped on them for allegedly forming a cartel and rigging the tender floated by Kerala government to select insurance provider for Rashtriya Swasthya Bima Yojna.
- Jan 22, 2014 04:26 PM IST
LIC, one of the promoters in Axis Bank, bought 52.07 lakh shares or over 1 percent of paid-up capital worth Rs 625.64 crore between September 2013 and January 21, 2014. The total number of shares of Axis Bank with LIC have risen to 4.9 crore.
- Jun 13, 2011 04:48 PM IST
ICICI Lombard, a health insurance company, won the bid for the state-financed health insurance scheme in Goa, by surpassing six other bidders, state Health Minister Vishwajit Rane announced today.