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Merge NIC and OIC with UII…

This second largest general insurance company has strong credentials to get the other two public sector GI companies merged with this. The 14-storey new building under construction is ready for this! Public sector General insurance companies have been bleeding due to continuing adverse claim ratios and intense competition resulting in rate

LIC stays unaffected by competition

With 10 per cent rise in premium in March, life insurance companies have ended the fiscal 2016-17 with 26 per cent growth in total premium at Rs. 175,022 crore compared with Rs.138,657 crore. LIC led the pack with 39 per cent against an industry average