Firm wins legal battle against consumer over insurance policy purchased as an investment
Subject: Have an investment linked insurance policy? Then you are not a consumer.
Insurance co told to pay up after premium row
Failure of an insurance company to keep its client updated about the status of premium paid and later refusing to pay the final premium amount has proved dearer for it.…
Forum slaps Rs 24 lakh fine on insurance firm
Refusal to honour a claim has cost an insurance company dear, with the Maharashtra State Consumer forum slapping a hefty fine of Rs 24.3 lakh over and above the claim…
Insurance companies lingering on settling claims: Consumer forum
Insurance companies are lingering on settlement of claims and using the money legally entitled to the insured for as long as they can, amounting to unfair trade practices, a consumer…
HC asks IRDA to specify roles of TPA in settlement guidelines
The Bombay High Court  said the Insurance Regulation and Development Authority (IRDA) can go ahead with the process of finalising regulations for settling insurance claims and for the role of…
Max Life Insurance to pay Rs 20K, ordered by a consumer forum
Max  Life Insurance Company been ordered by a consumer forum here to pay Rs 20,000 as compensation to the grandfather of a policy holder for issuing a policy with terms…
Labourers not covered by insurance
The Supreme Court ruled last week that an insurance policy of a motor vehicle did not cover employees of a person who hired the vehicle to carry goods. “Someone who…
Insurance Company official sentenced to jail for Insurance Fraud
A sacked divisional manager of a state insurance firm and three others have been sentenced to varying jail terms for clearing bogus insurance claim and duping the firm of Rs…
Oriental Insurance to pay Rs 11.63L to Liberty Cinema owner
Oriental Insurance Company Ltd has been asked by the Delhi State Consumer Commission to pay Rs 11.63 lakh to the owner of Liberty Cinema hall here as balance of reimbursement…
Insurance: Commission modified the order passed by district forum
The Chhattisgarh state consumer dispute redressal commission (CSCDRC) has modified the order passed by district forum directing LIC to pay Rs 1,40,000 to the nominee of an insured resident of…