Page 2 - Shriram General Insurance
Private insurance firms make windfall from Railways' insurance scheme
Private insurance companies received a premium of around Rs 46 crore in the last two years from railway and its passengers while making a payout of only Rs seven crore in claims under the national transporter's travel insurance scheme, an RTI has found. IRCTC, which is a wholly owned undertaking of the Ministry of Railways, has entered into an agreement with three private insurance companies through limited tender - Shriram General Insurance Company Ltd, ICICI Lombard General Insurance Company Ltd and Royal Sundaram General Insurance Company Ltd for its Optional Travel Insurance Scheme which was launched in September 2016 with a premium of Rs 0.92 per passenger. This facility is for confirmed/RAC railway passengers who booked e-ticket through the official website of Indian Railway Catering & Tourism Corporation (IRCTC). Under the scheme, a sum assured is paid to the victim/family or legal heir of the victim as the case may be in case of death/injury of reserved passengers due to ..
 "Private insurance firms make windfall from Railways' insurance scheme")
Shriram General Q2 net surges 150% to Rs 143 cr
GWP growth continues to be susceptible to improvement in general economic activity
Irdai slaps Rs 15 lakh fine on Shriram General Insurance
Irdai also warned the company for marketing group insurance policies that deviated from the filed product
 "Irdai slaps Rs 15 lakh fine on Shriram General Insurance")
