insurance News

Insurance: Claim to infamy

As fraudulent claims rise, health insurers are turning to data analytics to curb the menace

Karnataka health insurance scheme could be model for whole India: WBAt top of your game: Health insurance
Insurance claims pouring in from cyclone-hit Andhra Pradesh and Odisha
Claims have started pouring in from Cyclone Hudhud-hit areas of Andhra Pradesh and Odisha.

J&K floods: Finance ministry to back insurers' demand for more time to settle claims

Court has asked insurers to pay 95 pct of insured amount for policies below Rs 25 lakh as interim re...

Insurers to spend Rs 420 cr on mobile devices next yr: Report

The domestic insurance industry is on course to become the third fastest growth market for ICT...

House panel looking at merger proposal of 4 PSU insurers

The four PSU general insurance companies have a cumulative asset base of over Rs 1 lakh crore.

NCDRC asks insurance firm to pay over Rs 7L for damaged car

The apex consumer commission has directed an insurance firm to pay over Rs 7 lakh to a man for his d...
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Hike in FDI cap in insurance will help sector's growth
The proposed hike in Foreign Direct Investment (FDI) cap from 26 per cent to 49 per cent in the insu...
Karnataka health insurance scheme could be model for whole India: WB
The Centre could draw on the success of a Karnataka health insurance scheme...
Employees of non-life insurers may get profit-linked incentive
The 66,000-odd employees of four state-owned non-life insurers are likely...
Insurance firm directed to pay over Rs 1 lakh for deficiency
A consumer forum here said that renewal of an insurance policy...
Forum denies claim due to delay in informing insurance firm
A consumer forum here has denied medical insurance claim to a man...
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...
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.
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...
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...
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