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INSURANCE COMPANY NEWS

Insurance company told to pay Rs 3 lakh to Mohali resident for rejecting her medical claim

April 16, 2024 7:58 am

The insurance company Limited in reply stated that after scrutinising the documents/indoor case papers, the pre-authorisation request was rejected on the grounds that the disease/symptoms of cough for three months is prior to policy inception

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Gujarat: Four held for insuring dead man, seeking claim in Devbhoomi Dwarka

June 09, 2022 5:24 pm

A life insurance policy was taken in 2015 for a man who died in 2006. His son said in 2018 that his father had died of a heart attack and tried to claim the insurance amount.

Insurance company told to pay agri firm Rs 4.5 lakh for inundated warehouse

August 14, 2014 3:38 am

The forum asked the insurer to pay an interest of 9 per cent per annum to Victory Agri World, the complainant in the case, from June 30, 2007.

Landmark judgments on insurance that affect you

June 03, 2013 3:57 am

Numerous changes have been brought into effect by insurance companies over the years after consumer courts have ruled against them

Five types of bonuses your insurance plan can offer

April 01, 2013 10:05 pm

Check for bonus offered by insurers while choosing insurance cover

NICL to pay Rs 92K for arbitrary rejection of claim

September 19, 2012 1:28 pm

The National Insurance Co Ltd has been directed by a consumer forum here to pay Rs 92,220 to the widow of a policy holder for arbitrarily.

Kin of private firm executive awarded Rs 25L compensation

September 02, 2012 10:16 am

The order came on the plea filed by the victim's family members,who claimed Rs 45 lakh as compensation from the owner,driver and and insurer of the truck.

Bharti AXA Life launches CAM to ease claims experience

August 16, 2012 6:33 pm

The objective of the proposition is to bring clarity,offer support and provide a logical conclusion to claims.

Perils of hiding facts from the insurer

July 16, 2012 2:08 am

Do you habitually cringe when asked to provide more information at the time of your car insurance policy renewal? If your answer is yes,then its time you realise you are not helping yourself

Kin of 10 farmers win insurance case

April 15, 2012 2:00 am

In a major relief to families of 10 farmers who died in accidents,the Mumbai District Consumer Redressal forum has ordered an insurance company to pay them insurance cover.