Topline is fine, but what equally figures high in the scheme of things for SBI General Insurance Company �" a joint venture between the State Bank of India (SBI) and Insurance Australia Group (IAG) �" is building stable underwriting practices.
The government swung into action after the second sting operation by online portal Cobrapost alleging the involvement of 23 more banks and 4 insurance companies in converting black money into white.
It's going to be a five-horse race for the position of the chairman of the Life Insurance Corporation of India (LIC) which needs to be filled after D K Mehrotra (pictured) demits office on May 31.