Insurance Regulatory and Development Authority of India (hereinafter referred as the Authority) vide Circular No: IRDA/PRO/MISC/246/11/2014 dated 12th November, 2014 had advised all General Insurers to put in place an…
Bhubaneswar Ombudsman Center Complaint No.14-003-0517 Sri Balaram Barik Vs National Insurance Co. Ltd. Bhubaneswar D.O-II The Complainant had insured his Fancy Dress Store through a Shopkeeper’s Policy & Fire Policy…
Kochi Ombudsman Centre Complaint No.IO/KCH/GI/11-003-218/2009-10 C.M.Abdul Razaque Vs National Insurance Co.Ltd. The complaint under Rule 12[1][b] read with Rule 13 of RPG Rules 1998 is against partial repudiation of claim…
Mr. Ashok Kumar Roy, former Chairman-cum-Managing Director of GIC Re breathed his last on 5th June. He suffered a massive heart attack on 4th June while visiting Haridwar along with…
Guwahati Ombudsman Centre Complaint No. 11-005-0049/08-09 Mr. Kamal Kr. Jain Complainant/Insured Vs The Oriental Insurance Co. Ltd. Opposite Party/Insurer The Complainant obtained a Standard Fire and Special Peril Policy from…
Delhi Ombudsman Centre Case No. GI/331/NIC/08 Shri Mahesh Bindal Vs National Insurance Company Limited 1. The policy holder’s residential house caught fire on 03.10.2006. The policy holder submitted a claim…
Chandigarh Ombudsman Centre CASE NO. GIC/771/NIC/11/09 Rattan Lal Jhusoo Vs National Insurance Co. Ltd. Facts: The complainant Sh. Rattan Lal Jhusoo had taken a Fire policy No. 420800/11/06/31000179 for the…
Standard Fire & Special Perils Policy Policy Coverage: This Policy may cover various assets such as Building, Plant & Machinery, Stock, and Furniture, Fixtures against loss or damage due to:…
Introduction When it comes to our family, we always want to be double sure. We want to give them the best of everything that life has to offer and strive…
Innovation is the only insurance against irrelevance - Gary Hamel, Business Thinker. Introduction: The home insurance sector in India has achieved less than 1% penetration level against a global benchmark…