Insurance News

Road accident: Family of labourer gets over Rs 13 lakh compensation

Family members of a 32-year-old man, who died in a road accident...

Three simple steps to a hassle-free insurance claimAviva Life Insurance to pay Rs 13L on claim
Oil Co, insurer asked to pay Rs 10 lakh for gas leakage death
A consumer forum here has asked Bharat Petroleum Corporation Limited...

Now, health discount cards emerge as smart gifting options for corporates

As the Diwali brightness is almost around the corner, corporates are looking at innovative and usefu...

IIISLA opposes amendments in Insurance Act

IIISLA has opposed the proposed amendments in the Insurance Act...

MACT grants compensation of Rs 8.25 lakh to woman

The Motor Accident Claim Tribunal (MACT) Thane has granted a compensation of Rs 8.25 lakh to a woman...

Data theft threat sees rise in cyber security insurance policies

Tata AIG, ICICI Lombard, HDFC Ergo have launched schemes offering cover against cyber risk.
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Insurers gear up to assess losses in Jammu and Kashmir
Insurance companies are gearing up to assess claims from flood-ravaged Jammu and Kashmir...
Nuclear Liability: Centre asks GIC to work on insurance plan for reactors
To sort out the liability issue plaguing Indian nuclear reactors, the Centre...
Jammu and Kashmir floods: IRDA asks life insurers to settle claims fast
In view of massive floods resulting in loss of lives and belongings in Jammu and Kashmir...
LIC favours raising FDI cap in insurance sector to 49 pct
Sources said LIC Chairman S K Roy was in favour of raising the cap from 26 pct now.
Panel on Insurance Bill to hold more consultations
Select Committee of Rajya Sabha on Insurance Laws (Amendment) Bill is set to meet for second time on...
New disclosure norms expose insurers' policy-retention claims
A new standardised disclosure regime put in place for insurance sector...
CCI launches probe into health biz iof PSU insurers
New India Assurance, Oriental Insurance, United Insurance and National Insurance, among others, have...
Oriental Insurance Company Ltd to pay Rs 45K in burglary case
Oriental Insurance Company Ltd has been asked by the Delhi State Consumer Commission to...
Insurance Bill: Rajya Sabha select panel to meet today
The committee will discuss the Insurance Bill with the government, Irda, and the insurance industry.
People now prefer short term insurance plan, says LIC official
LIC's Ajay Kumar said people are more favorably inclined towards short-term insurance plans...
Tantrums, concubines, hotpot burns and smog: China insurers have it covered
Your child throws a tantrum and smashes something? Take out "naughty child insurance".
Ulips, which once fuelled insurance boom, now lie largely unclaimed
The primary reason for this staggering sum is the payments glitch in Ulips upon maturity, driven mai...
Unclaimed sum with insurers touches a steep Rs 5,848 crore
Between 2005 and 2008, insurance industry witnessed a sharp rise in number of policies sold...
Private insurers outpace industry
First-year premium for all 23 private life insurers grew over 15% year-on-year in the three months t...
Unclaimed insurance amount: Whose money is it, anyway?
Irda has embarked on a drive to ensure unclaimed amounts with insurers reach the rightful owner.
'India will benefit if it develops as global reinsurance hub'
The country will benefit enormously if it develops itself as a global reinsurance hub, says study.
2-wheeler insurance: 3-year third-party cover a win-win for consumer, insurer
IRDA has introduced a three-year term for third-party motor insurance of two-wheelers.
Now, Congress holds up insurance reforms
Bill referred to select panel; to give report by winter session
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