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INSURANCE COMPANIES NEWS
Insurance firm told to pay Rs 3.18 lakh along with interest for denying cancer treatment claim
November 03, 2025 12:09 am
During treatment, he was diagnosed as a case of “Carcinoma Right Buccal Mucosa” and he spent a total sum of Rs 3,55,304 on his treatment during his pre-hospitalisation and post-hospitalisation period
Public sector insurers increase market share in first half of FY26
October 21, 2025 8:27 am
On a year-to-date (YTD) basis, private insurers’ share declined to 63.8 per cent as of September 2025 from 66.3 per cent a year earlier, while public sector insurers’ share improved to 31.7 per cent from 30.8 per cent in September 2024, indicating a gradual strengthening of their market position.
Input Tax Credit issue: Insurers to charge 18% GST on agents’ commission
October 06, 2025 7:07 am
Insurers face higher operating costs, and distributors face lower earnings, highlighting the unintended consequences of a well-meaning tax reform
Govt asks private insurers to extend free look period to one year
February 18, 2025 1:19 am
During the free look period, a new policy holder can cancel the policy and receive a full refund if they are eligible
Vadodara deluge: State govt requests insurers to consider repairs of heavily submerged vehicles
September 03, 2024 2:14 am
Paresh Parikh, president of the Traders' Association of Vadodara, urged the government to appoint a team of surveyors to provide relief to traders who have suffered losses.
Zurich Insurance to acquire 51% in Kotak General for Rs 4,051 crore
November 02, 2023 11:32 am
The investment will be through a combination of fresh growth capital and share purchase, private sector lender Kotak Mahindra Bank said in a regulatory filing.
Insurance companies accelerate pay-outs on crop loss, majority of claims settled
January 14, 2022 7:50 am
To date, 44.26 lakh farmers in the state have received Rs 2,501.66 crore in way of compensation for crop loss earlier in the season.
Haryana asks insurance companies to complete field survey on time
July 04, 2017 6:57 pm
"The officers of the agriculture department, as well as insurance companies, have been directed for strict compliance of various provisions of the scheme," Principal Secretary, Agriculture and Farmers' Welfare Department, Abhilaksh Likhi said
Norms on management control soon: IRDA chairman
August 22, 2015 4:27 am
“The Act clearly says that being a major shareholder, the management control should be with the Indian partner. However, we are working on it and the final guidelines will come up shortly on the same," IRDA Chairman TS Vijayan said
Rs 3,000-cr ‘fraud’: Insurance companies to approach Arun Jaitley over tax raids
August 10, 2015 4:32 am
Insurance companies claim the seizures are unjustified and that officers of the Directorate General of Central Excise Intelligence (DGCEI) treated employees “inhumanly” and “harassed them” during search operations.
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