With the merger of the three public sector non-life insurers shelved and with large scale retirements to happen, it is time for fresh hiring by them, said senior industry officials.If recruitment is not possible, then the other option is to .
BBB selects candidates for general manager posts in four PSU general insurance companies
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Last Updated: May 12, 2021, 09:48 PM IST
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The headhunter for state-owned banks and financial institutions also selected Arti Mathur and Nagalakshmi D for general manager and directors position in Oriental Insurance Company Ltd.
Agencies
There are five public sector general insurance companies, including one re-insurer General Insurance Corporation of India in the country.
The Banks Board Bureau (BBB) has recommended names of Satyajit Tripathi, Y K Shimray and Sophia Singh for the post of general manager and directors of the three state-owned general insurance companies New India Assurance Company, United India Insurance Company and General Insurance Corporation of India. Besides, the headhunter for state-owned banks and financial institutions also selected Arti Mathur and Nagalakshmi D for general manager and directors position in Oriental Insurance Company Ltd.
BBB recommends two names for forthcoming two LIC MD posts
May 09, 2021
Government looking take LIC public through mega IPO
The Banks Board Bureau (BBB), an apex body tasked to recommend candidates for the top management posts in public sector banks and state owned insurers, has recommended two names for the forthcoming two positions of Managing Director in insurance behemoth Life Insurance Corporation (LIC).
While Ipe Mini has been recommended for the first vacancy of Managing Director of LIC, the BBB has recommended B C Patnaik for the second vacancy of Managing Director in LIC.
Meanwhile, the Finance Ministry is yet to approach the Appointments Committee of the Cabinet (ACC) on the issue of recommending an extension in the tenure of the incumbent LIC Chairman M R Kumar. Although it is widely speculated that Government is bringing changes in the eligibility and experience criteria for appointment of LIC Chairman, no such formal proposal has been yet made by the Finance Ministr
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Plea against circular issued by GIPSA, Delhi HC issues notice ANI | Updated: Apr 05, 2021 13:27 IST
New Delhi [India], April 5 (ANI): DelhiHigh Court on Monday issued a notice on the petitions challenging the circular issued by the General Insurance Public Sector Association (GIPSA), for increasing the premium rate of Mediclaim policy for Insurance companies staff.
However, Bench of Prathiba M Singh on Monday refused to stay the circular while sought response from the respondents and slated the matter for August 19, 2021.
The plea stated that if the increased premium rate for medical policy for the employees of the petitioner does not stay then they have to pay a very huge amount for Mediclaim policy.