This policy is specially designed to protect the interest of civil contractors. The object of this policy is to protect the constructional tools and equipment against all external damage.Construction of Road project requires various machinery and equipment like Road surface rollers.
The Kalyan crime branch unit of Thane police arrested six people, including two Mumbai based doctors and a Thane civic-run crematorium employee, for allegedly preparing death certificates of people who were alive and claiming insurance,
IRDAI has not set any timeline for LIC to bring down its stake In IDBI Bank from the present 51 per cent holding to the law mandated under 15 percent, according to senior official from IRDAI.According to the official, the time-line for reducing its stake in IDBI Bank has to be decided by the LIC management.
SBI General Insurance reported a 53 percent rise in net profit at Rs. 89 crore for the quarter ending December. Its net profit was Rs. 58 crore in the corresponding quarter a year ago, SBI General said in a statement.
This insurance will pay damages that the insured becomes legally obligated to pay by reason of liability imposed by law for bodily injury or property damage caused by an occurrence to which this coverage applies.
The Central government is likely to come out with a proposal for recapitalization of loss-making public sector non-life insurance companies. The department of financial services
Chairman, LIC of India, presented a cheque of Rs. 2,430.19 crore to Union Finance Minister, Arun Jaitley,as the Government of India’s share of the surplus arising out of the LIC’s actuarial valuation as on March 31, 2018.