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Insurers Want Obligatory Cession to GIC RE Scrapped

Insurers Want Obligatory Cession to GIC RE Scrapped

With commissions that non-life and health insurance companies earn on ceding a mandatory portion of their business to...

1 May 2025 10:10 PM IST

The police say that in the two cases, in 2014 and 2016, insurance policies worth USD 62,000 and USD 30,000 were either taken out or collected. (Photo: Representational/Pixabay)

Govt to raise $1.7 bn from IPO of reinsurer GIC Re

GIC Re set a price range of Rs 855-912 a share for its IPO that will run through Oct 11-13.

4 Oct 2017 11:46 AM IST

Premium rates have gone up for companies manufacturing rubber goods, plastics, textiles, chemicals, besides transporters godowns, steel plants and thermal power plants.

Insurance cost goes up to 9-fold for companies

Eight segments suffer steep hike as GIC Re increases rates.

25 March 2019 1:23 AM IST

A top IRDAI source told Financial Chronicle that the meeting was held in Hyderabad on February 19 and it was attended by 26 chairmen of both life and non-life insurance companies.

11 cross-border reinsurers allowed to do business in India

Apart from the domestic reinsurer GIC Re, a few international reinsurers operate in the country by opening their...

6 April 2019 1:43 AM IST