Insurance

INSURANCE NEWS

House damaged in Kashmir flash floods, owner wins Rs 23 lakh insurance claim

July 10, 2026 2:52 pm

Holding ICICI Lombard responsible for failing to safeguard its own case, the J&K Consumer Commission ordered it to pay Rs 22.99 lakh to a Baramulla homeowner over a 2017 flood insurance claim.

Government nod for Rs 12,980-crore maritime insurance pool amid global shipping upheaval

April 21, 2026 7:49 pm

This was decided at a meeting of the Union Cabinet, chaired by Prime Minister Narendra Modi.

4 arrested for insurance scam, duping man by posing as IRDAI officials

December 10, 2025 2:28 am

Four mobile phones and a debit card, allegedly used in the crime, have been seized.

GST 2.0: Re-labelling of drugs, medical devices not mandatory for stocks issued before Sept 22

September 16, 2025 10:16 pm

health, life insurance firms to get no ITC benefit for GST on commission; Must issue revised price lists to dealers, retailers for display

Suspension of cashless treatment: Hospitals cry foul, accuse insurers’ body of ‘cartelisation’

August 29, 2025 5:22 am

The Forum stated the GI Council has introduced a so-called “common empanelment” framework under which all insurers collectively dictate hospital tariffs and commercial terms.

‘They knew my policy number’: The rise of fake insurance agents and how to spot them

June 27, 2025 3:00 pm

Scammers are impersonating insurance agents to steal people’s confidential data and hard-earned money. In this edition of The Safe Side, we unpack how such insurance scams are orchestrated. 

Post Operation Sindoor, we’re looking at war insurance cover, says GIC Re Chairman

June 15, 2025 10:40 am

Industry is also willing to create an insurance pool, on the lines of nuclear facilities, to cover defence assets, provided the government gives a guarantee

'A person is dying and you want to file a reply?' Delhi HC slams insurance firm for denying claim to cancer patient

April 30, 2025 10:09 pm

Keeping in mind the urgency, it posted the matter for consideration on May 14.

Irdai forms 7-member committee to review insurance sector reforms

February 20, 2025 10:44 pm

The government’s major reforms proposals include composite licence, differential capital, reduction in solvency norms, issuing captive licence, change in investment regulations, one-time registration for intermediaries and allowing insurers to distribute other financial products.

Raising insurance cover for depositors above Rs 5 lakh under active consideration: Financial Services Secretary M Nagaraju

February 17, 2025 9:56 pm

The insurance cover to depositors is provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the RBI.

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