Observing that New India Assurance had arbitrarily repudiated the insurance claim payable under a policy and rendered deficiency in service, the Maharashtra Consumer Commission has asked the firm to pay…
Insurance regulator IRDA recently slapped a penalty of Rs 49 lakh on Tata-AIG Life Insurance Company for violation of various regulatory norms.
The South Central Zone of the Life Insurance Corporation (LIC) of India, recently launched its 3rd micro-insurance named 'Jeevan Deep T-810'. Through this product, the largest insurer is eyeing to…
The country's largest insurer LIC has purchased shares worth over USD 2 billion (about Rs 11,000 crore) in Indian companies - mostly in sectors like utilities, energy and software -…
Kotak Mahindra Old Mutual Life Insurance Ltd has been ordered to pay Rs 36,800 to a man for not returning the premium amount paid for a policy which he had…
L&T General Insurance Company (LTGI) has incurred a loss of Rs 106 crore in its first full financial year of operations in 2011-12.
The family members of a private firm executive, mowed down by a rashly-driven truck in 2008, has been awarded a compensation of over Rs 25 lakh by a Motor Accident…
ICICI Lombard General Insurance has launched a flexible health insurance product with no restriction on maximum entry age.
LIC Housing Finance, a subsidiary of Life Insurance Corporation of India (LIC) plans to disburse around 8-10 per cent of its total loan portfolio to developers by the end of…
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.