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Innovate to address new risks, Finance Minister advises insurers

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...
Innovate to address new risks, Finance Minister advises insurers

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...
Innovate to address new risks, Finance Minister advises insurers

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...
Innovate to address new risks, Finance Minister advises insurers

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...
Innovate to address new risks, Finance Minister advises insurers

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,...
Innovate to address new risks, Finance Minister advises insurers

Review of PSU General insurers on cards to gauge capital needs

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

The Indian government is set to review the financial and operational performance of three state-run general insurers: Oriental Insurance, National Insurance, and United India Insurance. The review aims to determine the need for capital infusion to strengthen the...
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