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Highlights Public Sector Unit News

PSU General Insurers Told to Focus on Profitable Business

  • September 3, 2026
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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 […]

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Highlights Public Sector Unit News

PSGICs Told to Improve Insurance Penetration and Grievance Redressal

  • September 3, 2026
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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 […]

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