InsuGuru

InsuGuru

5/20/2025, 3:36:21 AM

https://hindi.moneycontrol.com/news/markets/star-health-data-breach-may-force-many-top-executive-to-resign-as-pressure-mounts-due-to-on-going-probe-1978604.html

InsuGuru

5/20/2025, 12:58:36 PM

New India’s net profit stays flat at Rs 347 cr in Q4FY25, improves its gross premium, combined ratio and reduces underwriting losses https://asiainsurancepost.com/archives/66377

InsuGuru

5/19/2025, 5:52:39 AM

Kin of accident victim get Rs 41 lakh compensation MACT overrules cheque dishonoured argument by AIP Online Bureau | May 18, 2025 | Thane: The Motor Accident Claims Tribunal in Thane has awarded Rs 41 lakh as compensation to the kin of a man killed in a road accident in 2020. Arun Martand alias Maruti Bhangrath died on January 11 that year after his motorcycle was hit by a speeding multi utility vehicle (MUV). His son Akshay was also killed in the accident. Bhangrath’s kin had sought Rs 47.55 lakh as compensation after submitting that he was a milk seller and driver who earned around Rs 25,000 at the time. He was 34 when he died. In its judgement of May 8, the details of which were made available on Saturday, the MACT under member SN Shah awarded Rs 40.32 lakh for loss of dependency and future prospects, and an additional Rs 70,000 for loss of estate, funeral expenses, and filial consortium. The tribunal also awarded Rs 5.70 lakh for the death of Bhangrath’s son Akshay. The insurance firm claimed the policy on the offending vehicle had been cancelled due to a cheque given by its owner getting dishonoured. However, citing a Supreme Court judgement, the MACT said “cancellation of insurance policy due to cheque through which premium was paid being dishonoured would not affect rights of third party”.

InsuGuru

5/17/2025, 4:11:32 PM

" FSIB recommends 5 GMs from 2 PSU re/insurance cos for ED promotions by AIP Online Bureau | May 16, 2025 | New Delhi: The FSIB has recommended five general managers of PSU general insurance companies for the appointment as executive directors(EDs) in three PSU general insurance companies including GIC Re. The five names are- Amandeep Singh Grover, GM, National Insurance Company for Oriental Insurance Company, Anjana Saxena, GM, NIC for OIC, Jayashri Balkrishna, GM, GIC Re for GIC-Re, Sanjay Lalla, GM, NIC for Agriculture Insurance Company, Mini George, GM, NIC for AICL. The FSIB, the government’s head hunting agency for selecting officials above EDs in PSU financial institutions, had interfaced with 16 candidates from various PSU non-life public sector insurance companies on May 14 and 16 for selecting five EDs in – AIC (2), GIC Re (1), OIC (2). All these names will now be processed by the Ministry of Finance for seeking the approvals of Appointments Committee of Cabinet(ACC) headed by Prime Minister Narendra Modi. Soon, the FSIB will select a senior managing director of state owned Life Insurance Corporation to become the MD&CEO of the corporation where the incumbent Siddartha Mohanty is calling it a day on June 7. In the PSU general insurance company, the next CMD position will be vacant in GIC Re where N Ramaswamy will be retiring in Sept 30.,