CONSTRUING AMBIGUITIES IN FIRE POLICY EXCLUSIONS
Why this article: Property (Material Damage) insurance, more traditionally known as Fire Insurance, is a basic insurance cover used by a huge number of customers. The promise of true protection…
BASICS OF ENTERPRISE RISK MANAGEMENT
Risk management is not a subject that gives a product with a clear price tag sold in the market such as life insurance, health insurance, general insurance, pensions etc. Such…
CRITICAL ILLNESS INSURANCE
Critical illness Definition Critical illness is a serious health condition that has a debilitating effect on an individual's lifestyle and requires a considerable amount of money towards treatment. It may…
INSURING CONNECTED HOMES – AN EVOLVING REALITY
Innovation is the only insurance against irrelevance - Gary Hamel, Business Thinker. Introduction: The home insurance sector in India has achieved less than 1% penetration level against a global benchmark…
Mera Term Plan from PNB MetLife Insurance Company Limited
Introduction When it comes to our family, we always want to be double sure. We want to give them the best of everything that life has to offer and strive…
Standard Fire and Special Perils Insurance Policy from Shriram General Insurance Introduction
Standard Fire & Special Perils Policy Policy Coverage: This Policy may cover various assets such as Building, Plant & Machinery, Stock, and Furniture, Fixtures against loss or damage due to:…
Delhi Ombudsman Case: Fire Insurance Claim Partially Approved, Jewellery Loss Recognized
Delhi Ombudsman Centre Case No. GI/331/NIC/08 Shri Mahesh Bindal Vs National Insurance Company Limited 1. The policy holder’s residential house caught fire on 03.10.2006. The policy holder submitted a claim…
Guwahati Ombudsman Orders Reconsideration of Flood Damage Claim for Grocery Shop
Guwahati Ombudsman Centre Complaint No. 11-005-0049/08-09 Mr. Kamal Kr. Jain Complainant/Insured Vs The Oriental Insurance Co. Ltd. Opposite Party/Insurer The Complainant obtained a Standard Fire and Special Peril Policy from…
An untimely end to an illustrious Career – A. K. Roy
Mr. Ashok Kumar Roy, former Chairman-cum-Managing Director of GIC Re breathed his last on 5th June. He suffered a massive heart attack on 4th June while visiting Haridwar along with…
Kochi Ombudsman Directs National Insurance to Pay Fire Claim Balance with Interest
Kochi Ombudsman Centre Complaint No.IO/KCH/GI/11-003-218/2009-10 C.M.Abdul Razaque Vs National Insurance Co.Ltd. The complaint under Rule 12[1][b] read with Rule 13 of RPG Rules 1998 is against partial repudiation of claim…