Insurance News

The NDRF has begun a nationwide survey of passenger cable cars and ropeway systems to find out possible security flaws in them and to prepare a structural blueprint that will…

Narsingh Ispat Ltd.  vs. Oriental Insurance Company Ltd. and Others.  Civil Appeal No. 10671 of 2016 The insured had taken a Standard Fire and Special Perils Policy from the insurer.…

Mr. S L Narula, the complainant has stated in his complaint that a mediclaim for treatment of his son had not been settled by the insurance company till date. The…

IRDAI had issued Master Guidelines on AML/CFT for General insurers and Life insurers in 2013 and 2015 respectively. Subsequently, multiple circulars had been issued on the subject. In order to…

The complainant had taken Oriental bank Mediclaim Policy for the period from 06/09/2016 to 05/09/2017 with a sum insured of Rs 200000/ for himself and his family. The spouse of…

Mr. Rajeev Kumar, the complainant has stated that two claims for treatment of his wife had not been settled by the insurance company till date. Aggrieved, he had requested the…

Reference is invited to IRDAI Circular ref: IRDAI/HLT/REG/MISC/199/07/2021 dated 23rdJuly, 2021 on the captioned subject with respect to the standards and benchmarks at clause (a)(i) and (ii) and clause (b)…

IRDAI has been buzzing with activities off late. The new chairman has been quite proactive in presenting a roadmap for the industry to increase the penetration and reach out to…

This is further Circular Ref: IRDAI/NL/CIR/MISC/107/06/2022 dated 01/06/2022 with regard to Product Filing Procedure. In order to facilitate the insurance industry to promote insurance penetration and enhance coverage in the…

United India Insurance Co. Ltd. Levis Strauss (India) Pvt. Ltd. Civil Appeal No. 2955 of 2022 Court in the course of its judgment, inter-alia, examined expressions under the Marine Insurance…