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December 8, 2023
Ref. No.: GIC-HO/BOARD/SE-Q3-OBM1/231/2023-24 Date: December 8, 2023 ...
July 17, 2023
Policyholders of Anchor Insurance Company Limited who suffered Insured risks in 2022 financial year, were compensated to the tune of N1.42billion.
April 14, 2023
The government in FY22 provided Rs 5,000 crore capital to three insurers --National Insurance Company Limited, Oriental Insurance Company Limited and United India Insurance Company.
October 26, 2022
The IRDAI has issued two exposure drafts proposing amendments to non-life and life insurance regulations with the objective of facilitating the efficient utilisation of capital by insurers and increasing insurance penetration.
August 7, 2021
There was one day strike in the three Public Sector General Insurance companies on Wednesday. A day before Lok Sabha passed the General Insurance Business (Nationalization) Amendment Bill 2021. The amendment, most importantly, omits section...
April 14, 2021
Introduction For several years, stakeholders in the Indian insurance sector have wanted the foreign direct investment (FDI) limit for Indian insurers to be increased to 74% in parity with the FDI limit applicable to the private banking sector. On 1 February 2021, pursuant to the central budget speech for the financial year 2021-2022, the finance minister announced that the FDI cap for Indian insurers will be increased from 49% to 74%. In addition, it was announced that under the new framework: ...