CHANDIGARH OMBUDSMAN CENTER CASE NO. CHD-G-040-1314-0360 Alkesh Saini vs. SBI General Insurance Company Ltd. Insurance Ombudsman Date of award - 5th March, 2014 Fire Insurance FACTS : This complaint was…
The prices of drug eluting stents (DES) were recently reduced by about Rs 2,300 to just under Rs. 28,000 while the bare metal stents were marginally raised from Rs. 7,400…
The private players enjoyed growth at 15% y-o-y in their Annual Premium Equivalent (APE), whereas the LIC posted a slower APE growth of 7% y-o-y to Rs 2,786.1 crore in…
The government’s plan to merge the three unlisted public sector general insurance companies (PSGICs) – National Insurance Company, United India Insurance Company and Oriental Insurance Company – is expected to…
British lawmakers wish the Bank of England to “urgently alter the risk margin in EU insurance capital rules known as Solvency II. This refers to a capital add-on to cover…
First year premium of life insurers grew marginally by 5.8% to Rs 16,994.95 crore in November. Total Rs. 16,061.40 crores were raised by all 24 life insurers - one state-owned…
For the industry’s growth and to increase penetration, co-operation among the insurance regulators is crucial, as mentioned by the the IRDAI Chairman at the recently held 4th South Asian Regulators’…
In the matter of Mr. Jagdish Lal Sharma Vs The National Insurance Company Ltd. Insurance Ombudsman Date of award - 28.03.2016 The complainant had taken a Fire insurance policy no. 354301/11/14/3100000613…
Case No: CHD-G-049-1516-0640 In the matter of Mr Sonu Kumar Vs New India Assurance Company Ltd Insurance Ombudsman Date of award- 14.03.2016 GPA Policy FACTS: Mr Sonu Kumar complained to…