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General Insurance Cos To Work On Insurance Plan For Reactors [Posted by: InsuringIndia News on Monday, September 15, 2014 12:00 AM ]

With a view to solve the liability issue plaguing nuclear reactors, the Government of India has asked General Insurance Companies (GIC) to work on a model that could be applied to insure such facilities in the country.

“This is preliminary work. We have asked GIC to prepare a product that can be used for the nuclear industry,” said a senior government official.

As per the sources, this decision was taken at a meeting between the ministry of finance and the department of atomic

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Health Insurance TPA Gets Licence [Posted by: InsuringIndia News on Friday, September 12, 2014 12:00 AM ]

The Health Insurance TPA (third-party administrator) of India which has been set up to settle health insurance claims of state-owned general insurance companies has got necessary license from insurance regulator in India the Insurance Regulatory and Development Authority (IRDA).

A licence is valid for 3 years from the date of issue. Further, it can be renewed for next 3 years, subject to regulatory satisfaction.

The Health Insurance TPA of India would start operations by April

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