Lavanya R Mundayur, currently CMD of Agriculture Insurance Company of India, will head New India Assurance until May 31, 2029. New India Assurance Company Ltd (NIACL) has appointed Lavanya R Mundayur as Chairman and Managing Director (CMD). The appointment has been approved by the Central Government. According to an order issued by the Department of […]
PSU general insurers have been asked to focus on profitable business segments and reduce incurred claim ratios. The Finance Ministry has also called for stronger underwriting, digitalisation and customer service. The direction came during a performance review meeting chaired by Department of Financial Services (DFS) Secretary Sanjay Lohiya. The meeting reviewed the financial and business […]
Public Sector General Insurance Companies (PSGICs) have been advised to improve insurance penetration and density, reduce protection gaps and strengthen customer grievance redressal. Secretary, Department of Financial Services (DFS), Ministry of Finance, Sanjay Lohiya chaired a performance review meeting with the PSGICs on September 2, 2026. The meeting reviewed the financial and business performance of […]
