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State-run insurers asked to raise premiums
The finance ministry has asked state-run general insurers to increase premiums on health insurance, motor and other policies, and refrain from undercutting each other to get new business. In a recent letter to National Insurance, Oriental Insurance, New India Assurance and United India Insurance, the ministry laid out a strategy for underwriting group health insurance policies. It said premiums on

MRPL gets oil cargo insured with Iran, may do more - Sources

India's MRPL has got a crude cargo insured by an Iranian firm, the first state refiner to do so, after local firms refused cover even before European Union sanctions barring such deals start in July,

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Successful bidder can be blacklisted

The Supreme Court last week ruled that if a successful bidding firm goes back on the contract, it could be blacklisted. In this case, Patel Engineering Ltd, the National Highway Authority of India

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India insurance cos to give $50 mln cover for Iran oil buy - exec

Indian state-run insurers have agreed to give limited cover to local ships for carrying Iranian oil, helping the energy-hungry country import reduced volumes from sanctions-hit Tehran from July, a

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India insurance cos to give $50 mln cover for Iran oil buy-Exec
NEW DELHI, May 1 (Reuters) - Indian state-run insurers have agreed to give limited cover to local ships for carrying Iranian oil, helping the energy-hungry country import reduced volumes from

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Indian shipping firms to carry Iran crude despite reduced insurance

Indian shipping firms will continue to transport Iranian crude even if limited insurance coverage due to tightening Western sanctions leaves them financially exposed to a spill or accident, a top

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