Tribunal enhances compensation of accident victim’s family
Enhancing the compensation amount claimed by a widow, the Motor Accident Claims Tribunal (MACT) here has held that claim can be entertained even if the proof for age or income…
Road mishap victim awarded Rs 11.30 lakh compensation
A 31-year-old man, who suffered "100 per cent loss of functional ability" after he was hit a rashly-driven car, has been awarded Rs 11.30 lakh as compensation by a motor…
Got insurance? Company may not pay
An insurance company cannot be held liable to compensate a road mishap victim or his family if the accident takes place because of his negligence, the Delhi High Court has…
ICICI Lombard General Insurance to pay Rs 7L compensation in road mishap case
The parents of a 19-year-old youth, killed in a road mishap involving a rashly-driven motor cycle, have been awarded a compensation of over Rs 7.46 lakh by a Motor Accident…
General insurers to seek bailout from Finance Minister
After life insurers, it’s general insurers who are knocking at the finance minister’s door, calling him to save the industry from a worsening situation. Finance minister P Chidambaram will meeting…
HDFC Standard Life Insurance asked to pay Rs five lakh
Insurance Ombudsman in Chandigarh has asked private insurer HDFC Standard Life Insurance to pay Rs five lakh with interest to an NRI complainant after holding the company responsible for mis-selling…
United India Insurance to pay up Rs5L
The company has also been directed to pay up for the cost of litigation, amounting Rs 1000. Late Bajrang Lal Sharma bought a insurance from ‘Child Welfare Fund Scheme’ which…
International Insurance News: Hanover’s $20m insurance fight with AIG
Beleaguered Hanover Finance says it was misled by insurance giant – and new All Blacks sponsor – AIG into thinking it had full cover for prospectus releases.
Insurance firms may have to pay only up to Rs.10 lakh for accidents
A proposed amendment to the Motor Vehicles Act, 1988 could mean bad news for vehicle owners in case of road accidents.
Motor Insurance: Insurance firm told to pay Rs 2.75 lakh as value of salvage for damaged car
The UT District Consumer Disputes Redressal Forum has directed United India Insurance Company Limited to pay Saurav Bhatti, a resident of Sector 40, Rs 2.75 lakh as a value of…