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Man kills labourer, burns body to fake own death for insurance claims

Thursday, December 6, 2018, 12:44 PM

A Chandigarh man has been arrested after he allegedly killed a labourer to fake his own death for a life insurance claim, the police said. The accused, Aakash, allegedly burnt his own car in which a body was found. The police, who have arrested his nephew as well, became suspicious when a labourer who worked with Aakash was reported missing.
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Atul Sahai appointed CMD of New India Assurance for 5 years

Tuesday, December 4, 2018, 8:15 PM

Atul Sahai has been appointed as the Chairman and Managing Director (CMD) of the countrys largest general insurance company New India Assurance. The post had been lying vacant since July 2018 after former chairman and managing director G Srinivasan retired. New India Assurance is among the two state-owned general insurance companies that are listed on the stock exchanges.
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IRDAI yet to approve ITI Reinsurance acquisition deal

Tuesday, December 4, 2018, 8:06 PM

Six-months after it signed a deal to acquire ITI Reinsurance, Go Digit Infoworks Services is still awaiting regulatory clearance. The license of ITI Reinsurance, the only Indian-private-sector reinsurer, is valid until December 29, 2018. Chintan is the son-in-law of Sudhir Valia who is the brother-in-law of Sun Pharma Managing Director Dilip Shanghvi. ITI Group runs an array of businesses in the financial services space.

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