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Privatization of general insurers gets a reboot following FDI cap increase

Privatization of general insurers gets a reboot following FDI cap increase

by Team Small News | Dec 23, 2025 | Insurance, New India Assurance, United India Insurance

The Indian government plans to restart the process of privatizing a state-run general insurer in the next financial year. This decision comes after Parliament passed a bill allowing for 100% foreign direct investment (FDI) in the insurance sector. The government aims...
Privatization of general insurers gets a reboot following FDI cap increase

The finance ministry is considering a proposal to merge public sector general insurance companies.

by Team Small News | Dec 23, 2025 | Insurance, United India Insurance

The Indian finance ministry is reconsidering a proposal to merge three state-owned general insurance companies, namely Oriental Insurance, National Insurance, and United India Insurance, into a single entity. This move is being considered due to the improved financial...
Privatization of general insurers gets a reboot following FDI cap increase

India’s largest general insurance company is considered ‘too big to fail’, yet it struggles to generate profits.

by Team Small News | Dec 21, 2025 | Insurance, New India Assurance, United India Insurance

New India Assurance, a state-owned insurance company, has been designated as a “Domestic Systemically Important Insurer” (D-SII) by regulators for the fourth consecutive year. This designation recognizes the company’s significant role in...
Privatization of general insurers gets a reboot following FDI cap increase

UIIC Apprentice Recruitment 2025-26 notification has been released, and online applications are now being accepted.

by Team Small News | Dec 19, 2025 | Insurance, United India Insurance

The United India Insurance Company Limited (UIIC) has released the official notification for the recruitment of apprentices for the 2025-26 cycle. The online registration window is open from December 18, 2025, to January 12, 2026. A total of 153 vacancies have been...
Privatization of general insurers gets a reboot following FDI cap increase

Insurance policies with arbitration clause issued post IRDAI’s circular are valid – SCC Times

by Team Small News | Dec 18, 2025 | Insurance, United India Insurance

The Delhi High Court has ruled in favor of the petitioner, Numero Uno Clothing Ltd., in a dispute with United India Insurance Co. Ltd. over the existence of an arbitration agreement in two insurance policies. The policies, issued on January 31, 2024, contained...
Privatization of general insurers gets a reboot following FDI cap increase

Delhi High Court has ruled that a government circular cannot limit insurance coverage, and has ordered an insurer to pay the balance of a COVID-19 claim.

by Team Small News | Dec 18, 2025 | Insurance, United India Insurance

The Delhi High Court has ruled in favor of a policyholder, Reena Goel, who had filed a petition against United India Insurance Company Limited for not reimbursing her full Covid-19 hospitalization claim. The court observed that a government circular issued during the...
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