Review of PSU General insurers on cards to gauge capital needs
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... Fastest Insurers to Settle Claims within 3 Months:
- ICICI Lombard General Insurance: 98.04% claims settled within 3 months
- Bajaj Allianz General Insurance: 96.45% claims settled within 3 months
- HDFC Ergo General Insurance: 95.52% claims settled within 3 months
- Apollo Munich Health Insurance: 94.95% claims settled within 3 months
- Max Bupa Health Insurance: 94.64% claims settled within 3 months
Slowest Insurers to Settle Claims within 3 Months:
- United India Insurance: 73.45% claims settled within 3 months
- New India Assurance: 75.13% claims settled within 3 months
- National Insurance: 76.23% claims settled within 3 months
- Oriental Insurance: 77.15% claims settled within 3 months
- Universal Sompo General Insurance: 78.21% claims settled within 3 months
The Insurance Regulatory and Development Authority (IRDAI) has released its handbook on Indian Insurance Statistics for 2023-24, which provides insights into the claim settlement ratios of various insurance companies in India. The claim settlement ratio helps... United India Insurance and SIDBI have entered into a partnership to offer insurance products to Micro, Small, and Medium Enterprises (MSMEs).
United India Insurance Company Ltd (UIICL), a public sector non-life insurer, has partnered with the Small Industries Development Bank of India (SIDBI) to provide general insurance products to the MSME (Micro, Small, and Medium Enterprises) sector. The partnership... Madras High Court Stays Order Allowing CMRL to Build Station Through Temples on Whites Road
A single judge has quashed the notification issued by the Chennai Metro Rail Limited (CMRL) to acquire land belonging to the United India Insurance firm for the construction of an entry and exit point. The notification was issued under Section 3(2) of the Tamil Nadu...