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CAG report: PSU general insurers logged ₹26k cr loss between FY17 & FY21

All four public sector general insurers posted an aggregate loss of ₹26,364 crore between 2016-17 and 2020-21, according to an audit report by the Comptroller and Auditor General of India (CAG). The losses of health insurance business of PSU insurers either wiped out or decreased profits of other lines of

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Finance Ministry to infuse Rs 3,000 crore in general insurance companies this quarter

NEW DELHI: The Finance Ministry will infuse Rs 3,000 crore capital into state-owned general insurance companies during the current quarter in a bid to improve their financial health. Last year, the Union Cabinet headed by Prime Minister Narendra Modi cleared proposal to provide capital support to National Insurance, Oriental

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Irdai gives go ahead to 29 insurers to market Corona Kavach policy

NEW DELHI: Amid rapid increase in coronavirus cases in the country, the regulator IRDAI has given green signal to 29 general and health insurers to launch short-term ‘Corona Kavach' health insurance policies to cover medical expenses of coronavirus disease. Several insurers have announced the launch of the ‘Corona Kavach' policies

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