now insurance companies to protest against privatisation after national wide strike of banks naidunia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naidunia.com Daily Mail and Mail on Sunday newspapers.
Insurance companies to go on relay strike on THESE days, check details
National insurance, Oriental insurance, United insurance and New India Insurance will be closed on March 17. File photo
Updated: Mar 16, 2021, 08:12 PM IST
After a two-day strike by banking unions on March 15 and March 16, unions in the public sector general insurance companies will go on a strike on Wednesday (March 17) and Life Insurance Corporation of India will go on a strike Thursday (March 18).
The joint strike is being held to protest against the government s decision to privatise one of the general insurance companies increasing foreign direct investment limit to 74 per cent and divest stakes in LIC by an initial public offer (IPO). The union also wants fulfilment of demands like ending the NPS scheme and include benefits of the pension scheme 1995 for all. Negotiations for wage revision is also pending since August 2017.
JUDGMENTS 1. Collusive Commercial Transactions With Corporate Debtor Will Not Constitute Financial Debt Under IBC: Supreme Court [Case: Phoenix Arc Private Limited v. Spade Financial.
Marine insurance: IRDAI in talks with INSA to set up P&I club | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Government accepts VRS of Oriental Insurance chairman SN Rajeswari
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She has already been selected as member (distribution) in insurance regulator, IRDAI. National, Oriental and United have reported solvency ratio of 0.02, 0.92 and 0.30 times respectively, as on March 31, 2020. The solvency margin – the minimum margin of assets required by an insurer in excess of its liabilities – is like a bank’s capital ratios.
Rajewsari will have a three year tenure with IRDAI.
The government has accepted voluntary retirement of the incumbent chairman of Oriental Insurance, SN Rajeswari.
She has already been selected as member (distribution) in insurance regulator, Insurance Regulatory and Development Authority of India (IRDAI). Rajewsari will have a three year tenure with IRDAI.