Complaints of Insurance Fraud Increasing
The Ohio Department of Insurance is tracking a record number of complaints about insurance fraud this year. Officials say they suspect part of the increase can be attributed to people…
United India Insurance plans to enter Middle East, SAARC
United India Insurance Company plans to enter the Middle East and SAARC countries to tap the potential in these regions due to a presence of a large India diaspora, a…
Crop insurance: farmers in a quandary
With just five days left for registering for the agricultural insurance, farmers who have taken land on lease are in a quandary as to whether they will be benefited anyway…
Life Insurance Corporation to insure crores through Aadhar
State-owned Life Insurance Corporation (LIC) of India will leverage to the hilt the government’s Aadhar programme, which aims to provide unique identities to the entire 120 crore-odd population, chairman DK…
IRDA rules out hiking investment limit for insurers
Terming the finance ministry’s plans to hike the investment ceiling for state-owned Life Insurance Corporation to 30 per cent as ‘imprudent’, insurance regulator IRDA recently called for a more conservative…
Oriental Insurance to pay Rs 11.63L to Liberty Cinema owner
Oriental Insurance Company Ltd has been asked by the Delhi State Consumer Commission to pay Rs 11.63 lakh to the owner of Liberty Cinema hall here as balance of reimbursement…
ICICI Lombard General Insurance to pay Rs 36.98 Lakh as compensation
A 40-year-old man, who suffered 90 per cent permanent disability in a road mishap involving a rashly-driven car, has been awarded a compensation of Rs 36.98 lakhs by a Motor…
Farmers welcome inclusive insurance scheme
Among the measures announced by the State government in the Rs.69.88 crore package to save samba crop in the Cauvery delta districts, farmers have widely welcomed the insurance cover to…
Call for thrust on micro insurance
India is the world leader in micro insurance and regulating it from its budding stages and revamping its regulations are a must, feels a World Bank expert.
New insurance FDI plan to end oppn
Having secured Parliament’s approval for foreign direct investment (FDI) in multi-brand retail, the government is considering tweaking the planned amendments to insurance laws to win over opposition parties’ support for…