general insurance

GENERAL INSURANCE NEWS

Insurer closed cop’s riot-burnt scooter claim as ‘nil’, ordered to pay Rs 1.07 lakh

July 02, 2026 6:01 pm

The Nainital district consumer forum said that decision of insurance company to close the complainant's indemnity claim by treating it as a 'nil claim' appears to be wholly unjustified, arbitrary, and taken in a hasty manner.

2 pleas of global players for ‘significant’ stakes in Indian insurance firms approved, foreign interest picking up: IRDAI chief

July 01, 2026 3:24 am

Irdai chief says foreign interest picking up, Bima Sugam to be launched by September, says official.

Punjab man dies in accident avoiding dog, court orders 4 insurance firms to pay Rs 1.75 crore to sons

June 11, 2026 2:41 pm

Ludhiana farmer Nirmal Singh met with a scooter accident in 2017, following which he succumbed to serious head injuries, the National Consumer Disputes Redressal Commission noted.

Insurance policyholders can engage advocates to plead claims before ombudsman: Karnataka HC

April 21, 2026 5:52 pm

The insurance ombudsman had held that allowing lawyers would create an imbalance between the parties because the ombudsman and insurance company representatives lacked legal training.

Commercial insurance rates fall by up to 25% in India

February 21, 2026 10:07 pm

India recorded sharper reductions across major lines, particularly in property and cyber insurance, reflecting strong re-insurer support and evolving risk dynamics.

Can insurer reject claim on ‘assumptions’? Delhi consumer body orders Rs 17.75 lakh payout for lost jewellery

January 23, 2026 5:42 pm

Insurance Claim Rejection Case: Delhi State Consumer Disputes Redressal Commission dismissed the appeal of Oriental Insurance Company Limited and upheld a consumer forum order directing Rs 17.75 lakh for lost jewellery.

Navya Naveli Nanda recalls her dadi gifting her life insurance for Christmas: 'You'll thank me when you turn 21'; 'Sweet,' says Jaya Bachchan

August 30, 2025 5:36 pm

"Yeah, she would pay the premiums and everything," Shweta Bachchan added

Premium mobilisation: PSU non-life insurers outperform private players in June quarter

July 21, 2025 5:43 am

The four PSU general insurers reported a premium mobilisation of Rs 27,787 crore for the June 2025 quarter as against Rs 24,233 crore a year ago, according to figures available with the General Insurance Council.

For Rs 30-lakh insurance money, Karnataka man stages road accident to kill father, arrested after 6 months

January 08, 2025 10:29 pm

The Kalaburagi police uncover the chilling plot that a man and his friend executed with the help of two killers hired for a paltry Rs 20,000.

Insurance surrender value: How life policyholders will benefit from change in rules from today

October 02, 2024 8:50 am

Life insurance policyholders are set to get a higher refund amount if they discontinue their policies in the wake of the new rules mandated by the Insurance Regulatory and Development of India (IRDAI) from October 1.

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