Insurance News

Insurance Co asked to pay Rs 4.94L to bank for customer fraud

A consumer forum here has ordered United India Insurance to pay Rs 4.94 lakhs to.....

Hike in FDI cap in insurance will help sector's growthInsurance firm directed to pay over Rs 1 lakh for deficiency
Insurance: Claim to infamy
As fraudulent claims rise, health insurers are turning to data analytics to curb the menace

Aditya Birla Group announces joint venture with South African firm

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...
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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...
CCI launches probe into health biz iof PSU insurers
New India Assurance, Oriental Insurance, United Insurance and National Insurance, among others, have...
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...
'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.
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.
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
LIC premium collection share at 73%
India's largest life insurance company LIC had about 73 per cent share in the total premium collecte...
HDFC, IndiaFirst sell policies through CSC
Insurance companies IndiaFirst and HDFC Ergo have started selling insurance policies through commo...
Insurance Bill further delayed, informal talks on
As the Opposition stuck to its stand, government sought their cooperation for passage of the "most p...
Rahul Gandhi: No double standards by Congress on Insurance Bill
Rahul Gandhi today rejected BJP's charge that the party is doing a 'U-turn' on the Insurance Bill...
All-party meeting on controversial Insurance Bill fails to iron out differences
Leaders agree to hold fresh round of consultations in next 2 days; NCP, BJD decide to support Bill.
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