Insurers to reduce motor own damage premium upto 20%
Nolife insurers have decided to reduce their premiums in the ‘own damage’ segment by 5-20% for the existing and new customers of private and commercial vehicles as the new regulations…
Guide to Traffic Accidents
Sitting on the bank of a ferociously surging river one can give a touching discourse about 'dos' and 'don'ts' of swimming. Unfortunately, you will know the depth of the river…
Insurance Ombudsman directs Bajaj Allianz to pay full value of Motor Insurance Claim
In The Matter of Mr. Muneshkumar T. Maheshwari Vs Bajaj Allianz General Insc Co. Ltd. Complaint No. AHD-G-005-1617-094 Insurance Ombudsman Date of award: 28.06.2016 Policy No: OG-16-2234-1801-00000806 Private Car Package…
Group Personal Accident Multiple policy – One Claim admissible Insurance Ombudsman
Complaint No. I.O.(HYD) G -11.51.0076 / 2017-18 Mrs. A. Anita VS. United India Ins. Company Ltd. Award No. 1.0. (HYD)/A/GI/0016/ 2017-18 Insurance Ombudsman Date of award: 11.08.2017 GROUP PERSONAL ACCIDENT FACTS…
Insurer must provide terms of policy to customers- Insurance Ombudsman
Insurance Ombudsman Date of award: 17.07.2015 Complainant:- Smt Meenaben M Purani V/s Respondent :- The New India Assurance Co. Ltd. Complaint No. AHD-G-049-1415-0744 Theft of Bike The Complainant’s Son Rahul…
SHIELDING PROFESSIONALS FROM CLAIMS MADE AGAINST THEM BY THEIR CLIENTELE
There has been a rise in consumer awareness. Courts are more consumer-friendly now and patients have sued hospitals and doctors malpractice or negligence and the courts have been asking doctors…
Deutsche Bank Forms Bancassurance Partnership with Digital Broker Friendsurance
Deutsche Bank and Friendsurance expect clients will increasingly turn to digital brokers for their insurance needs in the coming years. The companies noted that premiums for property and casualty insurance…
LIC Mutual Fund’s new SIP plan offers option to invest with Rs 300 a day
State-owned insurance group LIC (Life Insurance Corporation) has launched a daily SIP scheme that can be started with an investment of amount as low as Rs 300 per day. The…
RenaissanceRe to Buy Minority Stake in Run-Off Firm Catalina Holdings
Renaissance Re said that its investment will help give Catalina strategic benefits and help the business explore a wider range of transaction structures as it grows. “We’re delighted to welcome…
Why Burglary Insurance claims of Small and Medium-sized Enterprises (SME) are moving towards unsettlement?
The instances of unsettle of burglary insurance claims of small and medium-sized enterprises are growing. The main reasons for the unsettlement of these cases are that the policy ceases to…