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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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Non-life insurers’ premium rises 24 per cent to Rs 15,404 crore in May

Non-life insurance companies registered a year-on-year rise of 24 per cent in their collective gross direct premium in May this year at Rs 15,404.45 crore, data from regulator Irdai showed on Friday. Non-life insurance players had registered a gross direct premium worth Rs 12,423.98 crore in May 2021. Break-up wise, 25

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PSU insurers lodge Covid insurance claims worth Rs 17,537 cr till Dec 2021

Public sector insurers lodged COVID-19 related health insurance claims worth Rs 17,537 crore till December 2021 and more than 93 per cent of the cases were settled, Parliament was informed on Monday. "Till December 31, 2021, 14.92 lakh COVID-19 health claims, of a total amount of Rs 17,537 crore,

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