Kin of traffic cop killed in road mishap get Rs 37 lakh
The family members of a traffic constable, who died after a motorcyle hit his two-wheeler, have been granted over Rs 37 lakh as compensation by a motor accident claims tribunal…
New India Assurance Insurance firm to pay Rs 1.05 lakh for denying medi-claim
New India Assurance has been directed by a consumer forum here to pay Rs 1.05 lakh to a policy holder for rejecting his claim for medical expenses incurred on treatment…
Motor Insurance Business – A bleeding portfolio worsening after liberalization
The origin of Motor Insurance began in 1895 in England. It is surprising to note, when he motor vehicles started its operation, General Insurance Corporation was the first company to…
Motor Insurance: Sold car/bought car? ‘Pay compensation’
A Motor Accident Claims Tribunal (MACT) has held both the original owner and a subsequent purchaser of an uninsured vehicle involved in  road mishap liable to pay compensation to the…
National Insurance to pay Rs 15L to girl
A girl, who lost her father in a road accident when she was nine years old, was awarded compensation by the Thane Motor Accident Claims Tribunal after 12 years of…
Motor Claims Tribunal awards 50 lakh compensation to road accident victim
A Motor Accident Claims Tribunal has awarded a total compensation of nearly Rs 50 lakhs to the families of two youths who died early this year in a road mishap…
MACT orders HDFC ERGO General Insurance to pay Rs.24.60 lakh as compensation
The parents of a 38-year-old woman, who was killed in a road mishap, have been awarded Rs 24.60 lakhs as compensation by a motor accident claims tribunal.
Consumer Disputes Redressal forum directs Oriental Insurance to pay for deficiency in insurance claim payment
Oriental Insurance Co Ltd has been directed by a consumer forum here to pay Rs 60,000 over a claim to a policy holder for not fully reimbursing the medical expenses…
Insurance News: Widow wins insurance claim despite getting job : Bombay High Court
Granting respite to a woman whose husband was killed in a mishap, the Nagpur bench of Bombay High Court (HC) has ruled that she was entitled to full compensation from…
Insurance News: HMT to pay Rs. 33.8 mn damages to LIC: Reports
According to the estate officer’s January 10, 2010 order, HMT Ltd had vacated its rented office in Jeevan Tara building in May 2010