United India Insurance chief G Srinivasan has taken up the additional charge of CMD.
The cashless medical facility was suspended by four public sector unit insurers -- New India Assurance, United India Insurance, National Insurance and Oriental Insurance -- from July 1 after they alleged over-billing by certain private hospitals.
With losses mounting in health insurance portfolio due to higher claims, Oriental Insurance Company is in the process of hiking premium rates for its Individual Mediclaim Policy by upto 30 per cent for people in the higher age group.
Oriental Insurance Company Ltd hopes to bag the Air Sahara insurance business after its merger with Jet Airways.
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