DELHI HC REFUSES TO STAY MEDICLAIM PREMIUM CIRCULAR

HIGHLIGHTS

• Delhi HC has refused to stay circular on Mediclaim Premium Circular from GIPSA.
• Next hearing will be on 19 AUG 2021.

In FEB 2021, a circular from General Insurance Public Sector Association (GIPSA) was issued which was to ...

INDIAN GOVERNMENT MAY PRIVATIZE AN INSURANCE COMPANY

HIGHLIGHTS

• Indian Government is considering plans to privatize either of Oriental Insurance or United India Insurance.
• Some rumors say that both countries might get privatized.
• Both companies may be able to generate interest from the privat...

INSURANCE WORKERS IN HYDERABAD ON HUNGER STRIKE

HIGHLIGHTS

• Insurance workers in Hyderabad started hunger strike on 27 JAN 2021.
• Workers are demanding settlement on owed wages.
• The workers are against the merger of four insurance companies.
• The protesting workers also want bett...

Two insurance companies of India get the nod for merger

At times during the regular operations of the business, the owner realizes that the business could do much better than the present if collaboration is made with some other business. This collaboration of different businesses at times does wonders for both the partners. Joint ventures or partnersh...

Merger to make 15,000 people jobless

The government of India has been changing the situation of the nation pretty drastically by including some major reforms, and we think that the nation is in deep trouble and hence the government has announced mergers for insurance as well as banking sector which are the main drivers of the financ...

Insurance mergers to go through?

The failing finances and banking sector of the nation of India have been hinting towards the merger of major banks, and this has changed the whole banking and financing infrastructure of the nation as people, as well as investors, have started pulling out their capital from these institutions. Th...