Medical insurance claims racket busted
The police on Thursday arrested three persons after busting a racket of claiming reimbursement of medical expenses by presenting fake documents of insurance and hospital bills.
HDFC ERGO General Insurance to sell Home insurance policies online
HDFC ERGO General Insurance on 21.6.12 announced customers can now insure their homes online.The home insurance is available at www.hdfcergo.com, where one needs to enter details and the policy is…
AEGON Religare Insurance has launched online health plan iHealth
AEGON Religare Life Insurance Company has now launched a new health plan iHealth which can be purchased online with the click of a few buttons.
Government struggles to renew insurance cover for Aam Aadmi
The renewal premiums for insurance cover of existing 13 lakh workers under National Rural Employment Guarantee Scheme Andhra Pradesh (NREGS – AP) are yet to be paid. This has left…
Insurer told to pay Rs 52 lakh for rejecting medical insurance claim
In a significant order, Maharashtra Consumer Redressal Commission has directed the New India Assurance Company to pay Rs 52.07 lakh for repudiating her foreign medical claim and deficiency in service.
Raheja QBE Insurance to diversify into marine specialty cover
Following its range of liability offerings, Raheja QBE General Insurance Company is now set to diversify into the marine specialty space.
IRDA NEWS:Life insurance products may be missed out from October
The Insurance Regulatory and Development Authority (IRDA) has asked all life insurance companies to refile all existing products according to its new product design guidelines. As a result, from October…
IRDA approves 26% stake transfer in Max New York Life to Japan’s Mitsui
The Insurance Regulatory and Development and Development Authority has approved the 26% stake transfer in Max New York Life Insurance (MNYL) to Japan's insurer Mitsui Sumitomo Insurance Company.
Bundled insurance products won’t be banned completely
Finally, after long debate, the Insurance Regulatory and Development Authority has decided to soften its stance on bundled insurance products. Unlike earlier, now the ban would be imposed partially and…
United India Insurance plans to deploy 50,000 agents countrywide
United India Insurance Company Ltd (UIICL) has said it plans to deploy 50,000 agents across the country in the next couple of years to strengthen its marketing team.