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Due to the mega-merger of insurance firms around 15 thousand employees will be laid off
It has been declared by Nirmala Sitharaman, the Finance Minister that there will be merging of Insurance, National Insurance, and United India for creating the biggest non-life insurance firm of India.
There will be a modification in the General Insurance Business Nationalization Act in...
Growth in third-party motor insurance business due to strict fines
A rise in third-party motor insurance purchases was observed despite the decline in auto sales, owning to higher penalties under the new vehicles Act.
Figures suggest, vehicle sales slumped 24%, third-party motor insurance policies climbed up to 38% more. As a result, the overall insura...