Future Generali India Insurance to pay Rs 10L accident compensation
The family members of a 21-year- old youth, who was crushed to death last year by a rashly driven tempo here, has been awarded a compensation of over Rs 10…
Life Insurance Corporation to pay Rs 6.5L for “deliberately” rejecting claim
The Life Insurance Corporation (LIC) of India has been directed by a consumer forum here to pay Rs 6.5 lakh to a widow for rejecting her insurance claim on her…
Consumer forum asks Pan Card Club to pay for death; absolves New India Insurance Co
The Thane District Consumer Redressal Forum has faulted the Pan Card Club for being deficient in its services and ordered it to pay compensation of Rs 50,000 to the widow…
Rs 23 lakh compensation awarded to parents of accident victim
Family members of a 20-year-old girl, who was killed in a road accident, have been awarded a compensation of 118 per cent amount than the original claim, by the Motor…
Fanciful claim rejection: LIC pays Rs 4L
The LIC has been directed by a consumer forum to pay Rs four lakh to the widow of a life insurance policy holder for rejecting her claim on husband's death…
National Insurance to pay Rs 2.75L for wrongly rejecting mediclaim
The National Insurance Company Ltd has been directed by a consumer forum here to pay Rs 2.75 lakh to a policy holder for rejecting his claim seeking reimbursement of expenses…
Insurance policy effective as soon as payment made: consumer court to Tata AIG General Insurance
The insurance policy comes into effect as soon as the first premium/instalment is paid, Thane District Consumer Forum has ruled, allowing the claim of a person whose vehicle met with…
Understanding reversionary bonus in Insurance
Insurance in India was traditionally bought by customers more as a tax saving investment rather than to protect the family's future from adversities in life.
Insurance companies cannot reduce death compensation for earning family members: HC
An insurance company cannot argue that dependents are earning members, when it comes to pay death compensation for an insured person, observed the Gujarat high court.
Future Generali India Insurance directed to pay for damage to car by water logging
With the advent of monsoons, water logging on roads is an inevitable concern among drivers. The UT Consumer Forum’s recent direction, however, to an insurance company to pay for loss…