Insurance Company Delhi – Talk to build a single strong general insurance company; Plan to continue the United India Insurance Company, Oriental Insurance Company and National Insurance Company
New Delhi: Conversations between the Financial Services Department (DFS), which monitor the operation of the state-owned insurance companies and the investment and public property management department, for the purpose of creating a general state-owned general insurance company. The government shows the previous proposal to do two such businesses.
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Currently there are 25 general insurance companies operating in India, four state-owned companies are new India, Oriental, National and United India. New India ashours is the largest insured in the country. In the Union Budget 1-19-99, the government proposed to maintain a new India’s promise in the Indision, to maintain the National Insurance Company, Oriental Insurance Company and the United India Insurance Company in the same organization.
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“There are many institutions in the private sector in this field … why two major state state companies should underline each other’s business,” said A
The New India merger will take possession of the budget as the center is ready to stick to the budget plan. Such a scheme will also create a strong institution in a general insurance space like the Life Insurance Corporation of India (LIC) of the state -owned Life Insurance, which allows the government to pay, Financial Daily said.
“Once we merge with the three and then got this firm to New India … this option can also be taken into account,” another official reported by another official told the publication. “It will depend on the financial power of New India and can increase some return in the government process.”
According to the latest data of the Regulatory and Development Authority (IRDAI), the market share in the end of May by the end of May, the market share in terms of direct direct premium. The total share of the other three state controllers was about 25 percent.
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North Block has asked the state -of -the -art insurance companies to facilitate their portfolio loss, improve claim management and avoid prices in the last few years.
One of the officers of the above mentioned above told Daily, “Their capital needs are also being focused. In the financial year 1, the financial year, the loss of insurers of the state -owner was Rs.
Former Oriental former R -Kaul believes that the first three small companies are good to combine and stabilize them. ‘New India insurance is already doing well and has an international presence. This may not be the time to interfere with his activities in any way, ‘Daily quoted him.
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National Insurance Company, the largest controlled Association of National Insurance Company Limited Official Community, the National Insurance Company Officers Association (NICOA) Last month, the 43rd annual meeting in Hotel Amrapali Grand, New Delhi. On the first day there are specific guests of the Outgoing Committee addresses and different units of different units.
Among the special guests of other organizations, Trolloc Singh, All India Secretary Jia Secretary and Coordinator of Northern Zone, JFTU and all Indian president of the OBC Welfare Association. P. The city is included. In his absence, Dr. G. Jaymurthy, All India General Secret, All India General In. The SC/ST staff was shared with the Council participants.
In favor of the management, the GPSE Chief Executive Officer, T. Babu Paul, Executive Director of NICL Babu Paul and NICL Deputy Manager S. The event was honored by the presence of clothes. In the absence of NICL’s mini George, the general manager of the NICL, her message was also read to the participants.
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Focusing on the recovery of the previous glory of the National Insurance Company, the House inquired on various important issues related to the wells of the Officer Officers. Discussion when maintaining high service standards and increasing customers at the next level emphasizes beneficial growth. Representatives of all the regional units shared their concerns, whose home was discussed in full.
Other associations appreciated the NICOA’s role in the joint forum (JFTU) for improvement of PSGIC, and for a long pending demand for a review, review of NPS and updating family pensions.
Various constitutional amendments and decisions were made, debate and then approved. The House accepted the report and accounts of the secretary with tremendous support. This election was organized for the new committee. Arshu Shekhar was elected as the president of the general secretary Manas Kanti Sarkar.
Host Unit Secretary (Delhi) Needza Vasan thanked all the representatives of all India units for participating in the AGM. He thanked other leaders for his valuable presence and support from Troloc Singh and other organizations. In addition, their entire Delhi team resigned for their dedication and tireless efforts to organize this historic event, which was an effective voting. Their effective handling ensures the smooth and successful implementation of the AGMs. He also expressed his appreciation for the cooperation of the Hotel Amrapaly Grand employees to make the program a success.
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National Insurance Company Officers Association (NICOA) held in the 43rd AGM, New -Dalehi; The House has consulted on various important issues. On this occasion, two stallwarts, Rajiv Ratan Sharma, who retired on August 224, and K.K. S. Shastri was honored for his special contribution to the NICOA.
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