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…
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…