Health insurance awaits recognition from senior citizens
As per recent reports, nearly 7.5% of India’s population is presently aged 60 years and above. Less than 1% of these would be covered under any kind of health insurance…
New India Assurance to pay man Rs 3.56 lakh compensation in road mishap
A man, who had been hit by a rashly-driven Honda City car and sustained grievous injuries eight years ago, has been awarded a compensation of over Rs three lakhs by…
Court refuses to quash charges against insurance official
The plea of a private insurance firm official to set aside the charges of cheating several members of a family of over Rs 4.5 lakh has been dismissed by a…
Insurance firm asked to pay Rs 1 lakh to client
A district consumer forum has asked the National Insurance Company to pay Rs 1 lakh for repudiating the insurance claim of one of its clients. The complainant, Ratan Sethi, had purchased…
Insurance Company to pay Rs 5.1L for death by insect bite
United India Insurance Co Ltd has been directed by the apex consumer commission to pay Rs 5.1 lakh to the son of a policy holder who had died of a…
Insurance News: Delhi Police awarded Rs 22,000 compensation
The office of the Commissioner and the Deputy Commissioner of Delhi Police have been awarded a compensation of over Rs 22,000 by a Motor Accident Claims Tribunal (MACT) here in…
Insurance Tips: Clientele building, prestige and prospecting
Always assign yourself just a little more work than you can comfortably fit into the course of a day. This practice makes one too busy to stop and lose time…
Motor Insurance: Provisions under Motor Vehicles Act regarding Transfer of Certificate of Insurance in India
The 1988 Act requires issue of a Certificate of Insurance by the insurers as proof of Third party insurance to satisfy the requirements of Chapter XI of the Act.
United India Insurance pays Rs 13 lakh compensation in road accident case
The family members of a man, who died in a road mishap due to rash driving of a tempo in which he was travelling, have been awarded a compensation of…
The basic principles that govern Fire insurance
The basic principles that govern Fire Insurance are: Utmost good faith - In insurance contracts, the legal doctrine of utmost good faith applies. The insured has the duty to disclose…