Road mishap victim awarded over Rs 25 Lakh compensation
Family members of a 28-year-old youth, mowed down by a rashly driven truck which also injured his father and brother in the road mishap, have been awarded a compensation of…
Bajaj Allianz General Insurance asked to pay Rs 13.74 Lakhs to policy holder’s husband
Bajaj Allianz General Insurance Co Ltd has been asked by a consumer forum here to reimburse the legal heirs of a woman, holding a medical insurance policy, Rs 13.24 lakh,…
Finance Minister asks LIC to attract younger customers
The Finance Ministry has asked LIC to devise a strategy with a view to focus on young people so that the average age of policy holders can be brought down…
Allot new insurance agents in case of removal of existing ones: IRDA
To ensure continuity of services, sectoral regulator IRDA today said life insurance companies will have to allot new agents to policyholders in case of removal of existing agents.
Insurance company fails to properly assess loss, told to pay up
National Insurance Company Limited, Sector 17-D, Chandigarh, has been directed to pay Rs 1,24,951, following a consumer complaint over the amount accessed by the company as insurance claim in lieu…
Insurance Claim investigator can’t declare driving license to be fake
An insurance claim investigator cannot declare unilaterally a driving licence to be fake without any corroborating report from the transport authority, a Delhi district consumer forum has said.
Reliance Life Insurance launches online life cover plan
Reliance Life Insurance recently said it has launched an online plan -- Reliance Life Insurance eTerm -- with a maximum life cover of Rs 1 crore for policyholders in the…
In five years, life insurance will become a pull product
The insurance industry has seen a lot of changes over the past few years in terms of products, processes and even the way the industry interfaces with customers. In an…
LIC under scanner in Chhattisgarh over financial irregularity
The Life Insurance Corporation (LIC) of India has come under the scanner in Chhattisgarh for allegedly committing serious financial irregularities in a scheme meant for poor people.
Club mediclaim with accident insurance for total coverage
When we talk about insurance, we normally associate it with life insurance. It has captured a huge mindshare due to the saturation coverage that the media has given it. Of…