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Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.

Private players fare better in claims

In FY18, private general insurers had an average claims ratio of 75.46 per cent.

12 Feb 2019 1:39 AM IST

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Finance ministry eyes IIFCL,IFCI merger

Currently, the financial institutions are not capable of financing huge infrastructure requirement.

8 Jun 2017 4:39 PM IST

Supreme Court of India (Photo: PTI)

Can't deny insurance if car robbed by lift-taker: Supreme Court

In addition, the insurance company was directed to pay Rs 1 lakh as compensation to the vehicle owner.

10 Dec 2017 5:16 AM IST