Risk Management Association of India
Risk Management Association of India an NGO is working in the area of promotion of Risk management discipline in India. The Association is registered under the Societies Act, West Bengal. www.rmaindia.org…
Insurance companies cannot load premium due to adverse claim ratio in Health Insurance
It is illegal to refuse renewal of a policy. So, when an insurance company does not want to renew a policy that has become onerous, it adopts the back-door method…
Accident victim’s kin gets over 32 lakh compensation in Delhi
The family of a man, who died in a road accident involving a rashly driven truck, have been awarded a compensation of over Rs 32 lakh by…
Accident claim tribunal directs 29 lakh compensation for blind youth
A 21 year old youth who lost his eyesight and became prone to fits after suffering a car accident in 2011 has been awarded a compensation of over Rs 29…
Insurance company official imprisoned for securing job with forged caste certificate
A Nagpur court recently sentenced a senior official of the Oriental Insurance Company to undergo five years' rigorous imprisonment for securing employment on the basis of a…
Bombay high court declines relief on plea against mediclaim order
The Bombay high court recently declined urgent interim relief on a petition by a body of nursing homes/hospitals challenging an Insurance Regulatory and Development Authority circular that…
Insurance Ombudsman asks Insurer to pay for delay in claim settlement
Ahmedabad Ombudsman Centre Case No. 11-004-0358 Mr. P D Shah vs United India Insurance Company Ltd. Award Dated: 30.11.2007 Partial settlement of Mediclaim: Claim for hospitalisation was settled after 16 months …
EC cannot requisition insurance staffers: HC
Observing that an insurance company is not a local authority, the Bombay high court recently quashed and set aside the order of the Election Commission to requisition…
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.
8 years after deluge, insurance co to pay Rs. 12 lakh for car repair
Eight years after the deluge of July 26, 2005, that brought Mumbai to a standstill, a city-based private firm will get Rs. 12 lakh from an insurance…