Japan’s Nippon Life has said it plans to bring the practice of post-sales services to the Indian insurance industry through its partnership with Reliance Life in the country.
Concerned over the low penetration of insurance, the insurance watch dog, Insurance Regulatory and Development Authority has proposed to sell micro-insurance products through chemists, kirana and petrol pumps to increase…
The Thane district Motor Accident Claims Tribunal (TDMACT) has held that a claim can be granted even if the proof of service and income is not presented in the court…
Once an insurance company has issued a policy, it cannot later reject the insured person's claim on the ground that cover was given in violation of terms and conditions, the…
The office of the Insurance Ombudsman in Chandigarh has received the maximum number of complaints against insurance companies from Punjab for the year 2011-12.
Few days ago, the New Delhi Police have arrested three teenage boys who were posing as LIC agents and siphoning off money from people.
The Securities and Exchange Board of India has said there was no need to relax the three-year profitability criterion for listing of insurance companies.
When an insurance company accepts without demur personal cheques of its agents, after the agent had collected premium from the insured favouring himself in the first instance, it cannot subsequently…
An insurance company has won an appeal with the UT States Consumer Disputes Redressal Commission against an earlier order, by a district court, penalising them for rejecting an insurance claim…
Private life insurer HDFC Standard Life Insurance Company Ltd has sold around 4,000 Smart Woman policies targeted at women since its launch last month, said a senior official.