Insurance News

The Delhi high court has set aside appointments made by the Bank Board Bureau (BBB) in public sector general insurance companies stating that the same is ultra vires of the…

A Supreme Court bench of Justices R Subhash Reddy and Hrishikesh Roy has dismissed an appeal filed by the National Insurance Company Limited against an order of the Madras HC…

1. Reference is invited to the short term Covid specific health insurance policies permitted to be offered by all Insurers. 2. In partial modification of Clause 2 of Circular ref.no:…

1. Reference is drawn to the Circulars Ref No: IRDAI/HLT/REG/CIR/235/09/20 dated 10th September,2020 and Ref No: IRDAI/HLT/REG/ CIR/062/03/2021 dated 24th March, 2021 on (a) Issuance of Electronic policies and (b)…

1. There are rising incidences of cyber attacks along with a growing number of high profile data breaches. The online exposures for individuals, business organizations, offices and other establishments continue…

1. The Insurance Regulatory and Development Authority of India had set up a Working Group to study the feasibility of General Insurers to underwrite Surety Insurance. The Authority, upon examining…

1. Title insurance is a form of indemnity insurance that protects a potential owner of a property against financial loss from defects in title to real property. The policy is…

Complaint No. IO/KCH/GI/11-003-030/2012-13 Subhadra Vs National Insurance Co. Ltd The complainant’s deceased son was covered under Group PA policy taken by PNYS Chit Fund. He was covered for Rs. 1…

Ashish B. Monpura  v/s  Iffco Tokio General Ins. Co. Ltd. The complaint was regarding deduction made from the car repairing claim after accidental damage. Claim made for Rs.19854/- was settled…

Mr. Rajesh K. Parmar V/s Oriental Insurance Co. Ltd. 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.…