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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

Rise of the Indian Insurance market

Both ‘insurance density’ and ‘penetration’ in India are among the lowest in the world. ‘Economic growth’ presents us with a God-sent opportunity to spread insurance. Our Insurance Act of 1938 is one of the most comprehensive pieces of law. A notable aspect of it is that no risk, of whatever kind,