2019-Insurance Times

Penalty on LIC for negligence LIC has been found guilty of deficiency in service by keeping the money of a consumer for five years without issuing a policy. In this…

i)   Whereas, M/S. Medicare Insurance TPA Services (I) Pvt. Ltd. (hereinafter referred to as the ‘Medicare TPA’) having its registered office at Flat No. 10, Paul Mansions, 6B Bishop…

Reference is drawn to the following circulars of the Authority relating to Prevention of Money-laundering (Maintenance of Records) Second and Seventh Amendment Rules, 2017 : i) Circular ref: IRDAI/SDD/MISC/ClR/248/11/2017 dated…

Mr. Subhash, the complainant has stated that his motorcycle was stolen on 03.11.2015 and though he had submitted all the required documents to the insurer, his claim was repudiated by…

Mr. Umesh Guglani, the complainant has stated in his complaint that his car was stolen on 24.12.2016. He had submitted all the required documents to the insurer but his claim…

Claim for theft of two wheeler vehicle was rejected on the ground that the intimation of the theft was not given to the insurer in time. The vehicle was stolen…

The complainant had purchased a second hand car and the ownership of the vehicle was transferred in his name in the books of the RTO.on 24.11.5015 a day before the…

The complaint was regarding deduction made from the car repairing claim after accidental damage. Claim made for Rs.19854/- was settled for RS.12381. The insurer could prove that the amount was…

The Complainant’s Scooter was stolen on 10.05.2016 when it was parked near his shop at Kamal Complex, I.O.C. Road, Chandkheda, Ahmedabad. The intimation of theft of vehicle was given by…

Abstract – The Certificate of Registration is an important document asked for at several junctures right from the issuance of a policy to the settlement of a claim. The research…