Insurer to pay Rs 1.87 lakh extra for electric shock death
Chandigarh consumer commission directs insurance firm to pay additional Rs 1.87 lakh with interest to parents whose son died from a streetlight shock. The order cites deficiency in service.
Category : Search result: Army insurance claim
Sons used snake to kill father for insurance, say police
Tamil Nadu police uncover a chilling plot where two sons allegedly murdered their father using a Russell's viper to claim Rs 3 crore in life insurance. Six arrested in the meticulously planned crime.
Rs 116 Crore PMFBY Claims Pending in Haryana
Haryana govt reveals Rs 116+ crore in PMFBY crop insurance payouts are stuck for 2022-25. Bhiwani district worst affected. Steps taken for digital resolution.
MACT awards Rs 20 lakh to accident victim, rejects insurer's claim
After a nine-year fight, a Thane accident victim gets Rs 20 lakh compensation. The MACT rejected the insurance company's fraud allegation. Read the full story of justice served.
Insurer fined for denying claim over hospital paperwork delay
A Bengaluru consumer commission fined Aditya Birla Health Insurance for rejecting a genuine claim citing hospital's late intimation. The firm must pay Rs 2.6 lakh with interest and compensation.
Dubai's New Digital Service for Weather-Damaged Vehicle Certificates
Dubai Police launch a new online service for 'To Whom It May Concern' certificates for weather-damaged vehicles. Skip police station visits, upload photos, pay AED 95, and get your certificate in 1-2 days. Essential for insurance claims.
How to Pick the Right Term Insurance Plan in India
Choosing term insurance? Don't just look at price. Use these 4 objective metrics—Claim Settlement Ratio, Amount Settlement Ratio, Solvency Ratio & Business Volume—to select a financially stable insurer that will honor claims. Protect your family's future
GST Exemption on Term Insurance Plans from 2025
Starting April 2025, term insurance premiums will be GST-free. Learn how this tax change impacts your financial planning and boosts insurance affordability in India.
Lok Sabha Passes Sabko Bima Sabko Raksha Bill 2025
Lok Sabha passes key insurance bill, raising FDI limit to 100% and strengthening IRDAI. Can it bridge India's low insurance density gap without over-regulation?
Understanding the Principle of Contribution in Marine Insurance
Learn how the principle of contribution in marine insurance impacts claim settlements when multiple policies cover the same risk. Essential reading for Indian shippers and exporters.
Parliament Passes Insurance Amendment Bill 2025
Parliament has approved the Insurance Amendment Bill 2025, amending three key laws: the Insurance Act, 1938, LIC Act, 1956, and IRDA Act, 1999. Read about the sector's transformation.
North India Fog: Secure Insurance Claims with a Dashcam
Dense winter fog in North India increases accident risks. Learn how investing in a dashcam can provide crucial evidence and streamline your motor insurance claims process.
Insurance Bill 2025: Biggest Reform in Decades
The Sabka Bima Sabki Raksha Bill 2025 marks India's biggest insurance reform, allowing 100% FDI, new intermediaries, and stronger policyholder protection. Read the full analysis.
Govt weighs ₹5,000 cr infusion for 3 PSU insurers
The Indian government is considering a fresh capital infusion of up to ₹5,000 crore into three struggling state-owned general insurers to shore up solvency and enable future reforms like consolidation or sale. Read the full analysis.
Lok Sabha Passes Bill to Raise Insurance FDI Limit to 100%
The Lok Sabha has passed a crucial bill to increase the foreign direct investment limit in the insurance sector to 100%. This move aims to boost capital inflow and enhance insurance penetration in India. Read more for details and analysis.
PB Partners Launches New Experience Center in Delhi
PB Partners, a leading PoSP insurance advisor, has inaugurated a new Experience Center in Delhi's Rajendra Place. The center aims to simplify insurance and provide expert guidance to customers.
Insurance Bill 2025: 100% FDI, Universal Coverage by 2047
The new insurance bill aims for 100% FDI, easier access, and universal protection by 2047. Discover how it changes rules for LIC, IRDA, and policyholders.
Insurance Bill 2025: 100% FDI, New Licences, Regulatory Shifts
The Sabka Bima Sabki Raksha Bill 2025 aims to transform India's insurance sector with 100% FDI, niche licences, and a shift to regulation-driven oversight. Read the key changes.
Latur man burnt alive in car for Rs 1 crore insurance claim
A district finance head in Latur allegedly murdered a drunk man, burning him alive in a car to fake his own death and claim a Rs 1 crore insurance payout to clear Rs 97 lakh debt. Police cracked the case in 24 hours.
Term Insurance for NRIs: Coverage, Tax & Policy Guide
Essential guide for NRIs on term insurance in India. Learn about coverage, tax benefits under Section 80C & 10(10D), and crucial policy guidelines for financial security.
Galaxy Health to Launch Travel Insurance, Targets ₹400 Cr GWP
Galaxy Health Insurance announces its foray into travel insurance. MD & CEO G. Srinivasan reveals a ₹400 crore Gross Written Premium target by FY27 and launches a new integrated health product.
Man fakes death for insurance, kills another in Latur
A debt-ridden Latur resident arrested for murdering a drunk man to stage his own death and claim ₹1 crore insurance. Police unravel the chilling plot.
Calcutta HC: Alcohol Smell Can't Deny Accident Compensation
Calcutta High Court rules the smell of alcohol in a post-mortem report is insufficient to deny compensation to a victim's family. The court emphasized the need for concrete proof of drunken driving.
Consumer Court Slaps Insurer for Denying Accident Treatment Claim
Ernakulam consumer court rules denying claim for road accident treatment as unfair practice. Insurer ordered to refund Rs 94,276 with interest & compensation. Details inside.
Rs 40 Lakh Compensation for Plumber's Family in Thane Accident
Thane MACT orders Rs 40 lakh compensation for a plumber's family after a fatal 2018 highway accident. The tribunal rejected the insurer's defence. Read the full details.
India's Life Insurance Claims: High Settlement Ratios & Challenges
India's life insurers are boosting trust with faster, digitized claim settlements. Explore the drivers, regulatory changes, and persistent challenges like nomination gaps. Learn what truly counts in life insurance.
Goa Makes Coconut Worker Insurance Free from 2025-26
Goa govt approves major overhaul of Kera Suraksha Insurance Scheme, making Rs 7 lakh coverage free for all coconut workers from 2025-26. Details inside.
Small Cars, SUVs Lead Insurance Claims; EVs Most Expensive to Fix
A new report reveals compact cars and SUVs account for three-fourths of motor insurance claims in India, while electric vehicles are the most expensive to repair. Discover the data shaping insurance premiums.
Consumer Panel: Insurer Can't Override Doctor's Treatment Call
Ghaziabad consumer commission orders Star Health to pay Rs 50k claim, rules treatment method is for doctors, not insurers, to decide. Read the full verdict details.
Delhi Blast Survivors Struggle for Compensation, Insurance
Victims of the Nov 10 Delhi blast near Red Fort face mounting debt and bureaucratic hurdles as promised compensation remains stuck. Their burnt vehicles, key to insurance claims, lie in police custody. Read their fight for survival.
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