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Planning of NIC in the insurance industry

Planning of NIC in the insurance industry

Insurance is rapidly getting the growth in the industry. Insurance companies and government are taking the beneficial steps to offer the best schemes to the customers. It is the reliable and best option to cover and getting the economical help in the misfortunate. If you are not in the position to pay the bill for the illness then health insurance company cover up all the expenses and also provide the self saving amount upon the heavy bill. Many people are getting the advantage of latest and updated schemes which are helpful in cover up the medical, car and other types of insurance for the customers. Recently it has been updated that the authority or committee is taking an eye upon the insurance companies who deceive the customers. It help the customers to build the trust upon the insurance company and very helpful in choosing the best and reliable company of insurance.

This photo from Future Generali




Cover up of 70% to 80% the compensation
In the general insurance industry, National insurance company is set to receive the amount of 5000 Crore which is completely owned by the government which is very helpful in boosting the capital base. The stake dilution would be confirmed by the government. The CMD of NIC K Sanath Kumar gives the statement and already submitted the request to the IRDAI after getting the permission from the government. If the IRDAI give the approval the government will decide and work on the dilution and form. Kumar give the statement and said that the company has been able to perk up and increase the net worth.
In the insurance industry the NIC is rapidly increasing and it is the aim of NIC to get the premium
collection of the 16,000 crore which was compared with the last amount 14, 256 crore. It is just need to get the authority from IRDAI to work on it.

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