Life Insurance Corporation (LIC) of India has issued a stern warning to its policyholders regarding fraudulent offers to buy their existing insurance policies. This advisory comes in response to rising…
Life Insurance Corporation (LIC) of India, the country’s largest life insurer, is set to enter the health insurance market by collaborating with a private health insurer. This strategic move marks…
The Insurance Regulatory and Development Authority of India (IRDAI) has introduced six pivotal changes to the health insurance claim rules that are designed to benefit policyholders significantly. These changes are…
PNB MetLife India Insurance Company has reported a remarkable 702.51% increase in standalone net profit for the quarter ending March 2024. This surge saw the company’s net profit soar to…
India's general insurance sector is poised to benefit significantly from a recent GST ruling that will see the sector receive Rs 18,000 crore. This substantial financial boost comes from the…
Zurich Insurance Group has announced a significant expansion plan for its operations in India, targeting a 40% increase in its workforce over the next two years. This strategic move underscores…
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…