Claims

The Cyclone Michaung and subsequent heavy rains/floods (December 2023) are reported to have caused widespread loss to human lives, property (homes and businesses) and infrastructure in various states. All Insurance…

This is in continuation of the IRDAI’s Circular no. IRDAI/NL/CIR/MISC/215/12/2023 dated 9th December, 2023 advising the insurers to take all necessary steps to settle the insurance claims arising out of…

The Maharashtra government has asked crop insurance companies to take cognizance of complaints by farmers and warned that the State will initiate action against companies denying insurance claims to eligible…

Deposit insurance is critical for protecting the interest of small bank depositors. In India, Deposit Insurance and Credit Guarantee Corporation (DICGC), wholly owned by the RBI provides insurance cover to…

PUC, or 'Pollution under control', certificate helps you know that your vehicle's emissions are under control and the car is safe to be driven on roads. You can get a…

Shares of LIC fell over 1 percent trade even as LIC said it has witnessed a decline of nearly 20 percent in death claims in the first quarter of this…

IRDAI agreed to look into the Covid-19 policy claims that were rejected by insurance companies. This comes after a public interest litigation was filed by a Manav Seva Dham (petitioner),…

Claims to premium ratio under Pradhan MantriFasalBimaYojana (PMFBY) and other crop insurance scheme were around 61 per cent in 2020-21 as against 85 per cent in 2019-20, as a favourable…

In a significant decision, the Supreme Court has ordered use of Motor Accident Claims parameters, such as age of the victim and future earning capacity, to compute compensation to be…

Covid-19 cases may have eased in recent months and the third wave was not as severe as expected, but Covid related health insurance claims surged this fiscal, possibly led by…