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₹1.06 Lakh Crore Premium Collected By Public Sector Insurance Firms, FM Sitharaman Reviews Premium Collections

₹1.06 Lakh Crore Premium Collected By Public Sector Insurance Firms, FM Sitharaman Reviews Premium Collections

by Team Small News | Jun 11, 2025 | Insurance, New India Assurance, United India Insurance

The total premium collected by public sector general insurance companies (PSGICs) has increased significantly, rising from around Rs 80,000 crore in FY19 to nearly Rs 1.06 lakh crore in FY25. The overall general insurance industry has also reported growth, with total...
₹1.06 Lakh Crore Premium Collected By Public Sector Insurance Firms, FM Sitharaman Reviews Premium Collections

Innovate to address new risks, Finance Minister advises insurers

by Team Small News | May 29, 2025 | Insurance, New India Assurance, United India Insurance

Finance Minister Nirmala Sitharaman held a meeting with public sector general insurance companies to discuss their performance and future strategies. The meeting was attended by top officials, including Financial Services Secretary M Nagaraju. Sitharaman emphasized...
₹1.06 Lakh Crore Premium Collected By Public Sector Insurance Firms, FM Sitharaman Reviews Premium Collections

Man who lost leg in bus accident near Pune awarded Rs 1 crore

by Team Small News | May 19, 2025 | Care, Insurance, United India Insurance

A 34-year-old man, Abhijit Pujare, from Nalasopara, has been awarded a compensation of approximately Rs 1 crore, including interest, by the Motor Accident Claims Tribunal. The amount will be paid jointly by the owner of the bus, M/s RN Cabs Pvt Ltd, and the insurance...
₹1.06 Lakh Crore Premium Collected By Public Sector Insurance Firms, FM Sitharaman Reviews Premium Collections

FSIB Recommends Sanjay Joshi as CMD of Oriental Insurance

by Team Small News | May 14, 2025 | Insurance, United India Insurance

The Financial Services Institutions Bureau (FSIB) has recommended Sanjay Joshi, a seasoned officer from the 1989 batch, for the post of Chairman-cum-Managing Director (CMD) of the Oriental Insurance Company Limited (OICL). This decision comes after the retirement of...
₹1.06 Lakh Crore Premium Collected By Public Sector Insurance Firms, FM Sitharaman Reviews Premium Collections

Delhi State Commission Holds United India Insurance Responsible For Deficiency In Service

by Team Small News | May 12, 2025 | Insurance, United India Insurance

The Delhi State Commission, led by Justice Sangita Dhingra Sehgal, has ruled that bariatric surgery for chronic diseases is a life-saving procedure and cannot be excluded from standard policy terms. The case involved a group medical insurance policy provided by the...
₹1.06 Lakh Crore Premium Collected By Public Sector Insurance Firms, FM Sitharaman Reviews Premium Collections

Kerala Human Rights Commission directs insurance company to process claim without delay

by Team Small News | May 11, 2025 | Insurance, United India Insurance

The Kerala State Human Rights Commission has intervened in a decade-long case of a missing fisherman, directing an insurance company to decide on the claim filed by his family within two months. Biju, a fisherman from Pallithura, went missing on November 16, 2014,...
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