Kin of road mishap victim awarded 16.63 lakh by MACT
The family of a photographer has been awarded a compensation of over Rs 16.63 lakh by a Motor Accident Claims Tribunal (MACT) for his death in a road mishap involving…
26/7 deluge victim wins 4 lakh insurance payout
Seven years after the July 26 deluge, a consumer forum recently ordered the New India Insurance Company Ltd to pay a Juhu resident Rs 3.84 lakh he had claimed after…
Youth gets 12 lakh compensation in road mishap case
A 27-year-old youth, who was injured in an accident with a rashly driven car, has been awarded a compensation of over Rs 12 lakh, nearly Rs five lakh more than…
Consumer Forum asks insurance firm to pay Rs 49 lakh to engineer
Observing that New India Assurance had arbitrarily repudiated the insurance claim payable under a policy and rendered deficiency in service, the Maharashtra Consumer Commission has asked the firm to pay…
Kotak Mahindra life Insurance ordered to pay Rs 36K to elderly man
Kotak Mahindra Old Mutual Life Insurance Ltd has been ordered to pay Rs 36,800 to a man for not returning the premium amount paid for a policy which he had…
Kin of private firm executive awarded Rs 25L compensation
The family members of a private firm executive, mowed down by a rashly-driven truck in 2008, has been awarded a compensation of over Rs 25 lakh by a Motor Accident…
Nippon Life Insurance to bring post-sales service to Indian insurance market
Japan’s Nippon Life has said it plans to bring the practice of post-sales services to the Indian insurance industry through its partnership with Reliance Life in the country.
Insurance claim can be granted without service, income proof: Tribunal
The Thane district Motor Accident Claims Tribunal (TDMACT) has held that a claim can be granted even if the proof of service and income is not presented in the court…
Consumer dispute: Insurance firm wins appeal, claimant falsified evidence
An insurance company has won an appeal with the UT States Consumer Disputes Redressal Commission against an earlier order, by a district court, penalising them for rejecting an insurance claim…