Shriram Life Insurance has paid more than Rs 400 crore worth of claims during the nine months of this fiscal. The private insurer settled insurance claims for 38,590 persons, (34,407…
Life Insurance Corporation (LIC) is facing tax claims disputed of Rs 74,894 crore under litigations, which is close to the amount that the corporation is widely expected to raise through…
Insurance companies received 28.46 lakh claims for Rs 36,003 crore in the last 22 months (till February 4) from people affected by the coronavirus, with claims worth Rs 4,300 crore…
With the third wave of the pandemic proving to be less severe than the first two, there has not been a significant rise in health insurance claims for the general…
From 2016-17 till date, many farmers, across States, who opted for the Pradhan Mantri Fasal Bima Yojana (PMFBY) have not received insurance claims. The outstanding amount of about Rs. 2,822.1…
PSU general insurers, including New India Assurance (NIA) and United India Insurance (UII), rushed to settle the personal accident (PA) claims of all military personnel, including the first Chief of…
After a powerful earthquake jolted Assam and other parts of the Northeast India last week, general insurance companies have started receiving claims, mostly in property insurance segment. Tajinder Mukherjee, chairman-cum-managing…
Swiss Re has recently reported consolidated net income of USD 333 million in the first quarter of 2021, despite heightened losses in its life and health reinsurance business related to…
With the daily number of COVID-19 cases rising steeply, insurance companies are refusing to give health cover to persons recovered from COVID-19 and are asking them to wait up to…
IRDAI has recently directed all the insurers to decide on cashless COVID-19 treatment claims within 60 minutes of the receipt of final bill so that the hospital bed can be…