Bharti AXA General Insurance Posts Rs 3 Crore Profit in FY’19

Commercial lines saw a 70 percent growth at Rs 288 crore as against Rs 170 crore in 2017-18. New Delhi: Bharti AXA General Insurance Monday said it has posted a maiden profit of Rs 3 crore for the financial year ended March 2019. The private sector insurer, a joint venture between Bharti Enterprises and French insurance major AXA, had registered…

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Insurance Companies Must Honour Claims at all Hospitals: Delhi High Court

NEW DELHI: In a major relief for patients, the Delhi high court has ruled that insurance companies would have to honor claims by valid medical policyholders who have received treatment at any government-registered hospital. Cashless facilities must also be extended to all such hospitals. The court, thus, has put an end to a system where health insurance companies and third party…

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Next on the agenda: Mega state-run general insurer like LIC

Talks on to create mega single insurer; plan to merge United, Oriental and National underway. India is looking to establish a single, mega state-run general insurer under New India Assurance, possibly revising its earlier plan to have two such firms. A government official confirmed that discussions are on between the Department of Financial Services and the Department of Investment and…

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Manipal to buy TTK stake in Cigna

₹500-cr. transaction to help raise Manipal Group’s stake in JV to 51%, from 19.5% TTK Group has decided to exit from the Cigna TTK health insurance joint venture (JV) by selling its 31.5% stake to Manipal Group for ₹500 crore. Manipal Education & Medical Group (MEMG) chairman Ranjan Pai told The Hindu that his company would increase its holding in…

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LIC New Jeevan Nidhi

LIC New Jeevan Nidhi – Benefits, Features, Reviews & Comparison

LIC New Jeevan Nidhi is a deferred annuity pension plan with the dual benefits of saving and protection. In this plan, you will have many pension options for the different phase of life. You will have the benefits of receiving a corpus amount in LIC Jeevan Nidhi plan. The amount you will get is inclusive of sum assured + accrued…

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