Dumper theft: ICICI Lombard asked to pay Rs 14 lakh claim
Dismissing the defence of an insurance company that there was a delay in lodging the claim for the theft of a dumper, the Thane district consumers forum has directed the…
LIC rich by denying claims on flimsy ground: Consumer Forum
The Life Insurance Corporation of India has become the "richest" organisation in the country by rejecting rightful claims of insured under mediclaim policies on "flimsy" grounds, the Delhi State Consumer…
Mistakes can lead to claim rejections
The finance ministry’s proposal that insurers won’t be able to question, and as a result, reject claims on the grounds of mis-statement or non-disclosure of facts after three years is…
Mistakes can lead to claim rejections
The finance ministry’s proposal that insurers won’t be able to question, and as a result, reject claims on the grounds of mis-statement or non-disclosure of facts after three years is…
Man gets full medical insurance after 2 years
City-based consumer forum has awarded a man complete claim for his hospital bill for the hernia surgery that he underwent.
Insurers become more efficient in settlement of travel claims
Non-life insurance companies are witnessing rise in claim settlement within one month of claim registration for overseas travel insurance policies. Out of the total 4,602 claims settled by seven general…
‘I lost my phone inside a cow’ among mobile insurance claims
Do you know anybody who lost his mobile inside a cow or someone who baked her handset into a sponge cake?
Insurance Claim: Complaints-Insurance mis-selling tops
Mis-selling of insurance policies and delay in claim settlements top the list of 2,341 complaints lodged by aggrieved customers with the  Chandigarh Insurance Ombudsman. "We have received maximum complaints against…
NICL to pay Rs 92K for arbitrary rejection of claim
The National Insurance Co Ltd (NICL) has been directed by a consumer forum here to pay Rs 92,220 to the widow of a policy holder for "arbitrarily" rejecting her claim…
LIC settled Rs 21.86 lakh claims in 2011-12
Life Insurance Corporation of India (LIC) has settled 21.86 lakh claims amounting to Rs 4,389.79 crore in the financial year 2011-12. This was announced by zonal manager of East Central…