General Insurance : Claim-hit Reliance Insurance pays Rs 4L
Reliance General Insurance Co Ltd has been ordered by a consumer forum here to pay over Rs 4.11 lakh to a policy holder for first denying him the cashless hospitalisation…
Kin of road mishap victim awarded Rs 20 lakh as compensation
The family of a 32-year-old road mishap victim, who died on being hit by an auto rickshaw while crossing the road, has been awarded a compensation of over Rs 20.42…
Smoking and term insurance
If your insurer labels you as a smoker, it places you in the smoker risk category. This means your premium will be higher than it is for nonsmokers
Forum penalises insurance firm
In a rare case, three consumers – a mother and her two sons – combined the power of Right to Information Act and the consumer forum, a judicial platform to…
HC raises questions on safety at petrol pumps
Nearly eight months after a couple suffered serious burns in a petrol pump fire in Vasant Vihar, the Delhi High Court has raised questions about safety at refuelling stations. "Are…
It’s tough to buy insurance policies
Experts say the frequency of claims in fire is much lower than in other areas of insurance
HC notice to National Insurance, IRDA
The Nagpur bench of Bombay High Court has asked the respondents to file a reply before 31st October
Sahara misses SC’s deadline to provide investors’ details; Sebi may approach court for further directions
The tussle between Sahara and Sebi is increasingly bordering on the theatre of the absurd. Late on Monday afternoon, a Sahara official informed the regulator that a truck carrying a…
Kotak Life insurance fined by IRDA
The Insurance Regulatory and Development Authority (IRDA) has levied a fine of Rupees Twenty two lacs on Kotak Mahindra Old Mutual Life Insurance Company for violation of certain provisions.
Bajaj Allianz to pay Rs 13.74L for arbitrary denial of claim
Bajaj Allianz General Insurance has been directed by a consumer forum here to pay Rs 13.74 lakh to the husband and son of a late policy holder for rejecting her…