Steel Almirah Not Enough: Jeweler Loses Insurance Claim
Jewellers who keep their precious wares in steel almirahs will lose their insurance cover if the items are not kept in a safe with a complex locking system. If there…
LIC Forced to Pay Correct Maturity Amount After Typo Error
Deepak Rajmal Kothari had taken Life Insurance Corporation of India's (LIC's) Jeevan Saral Policy (with profits) from its Udhna Branch. It stipulated the maturity sum assured as Rs. 2.5 million,…
Stroke Patient Denied Cashless Claim: Oriental Insurance
Syed Ahmed Ali Shah V/S Oriental Insurance Co. Ltd. The complainant had taken Mediclaim Policy for the period from 27.11.2015 to 26.11.2016 from The Oriental Insurance Co. Ltd. He was…
Insurance Claim Denied for Stolen Car Over Missing Ignition Key
Mr. Umesh Guglani, the complainant has stated in his complaint that his car was stolen on 24.12.2016. He had submitted all the required documents to the insurer but his claim…
Motorcycle Theft Claim Rejected Due to Delay
Mr. Subhash, the complainant has stated that his motorcycle was stolen on 03.11.2015 and though he had submitted all the required documents to the insurer, his claim was repudiated by…
Can’t reject claim on assumption
Prashant Warankar had taken a mediclaim policy from New India Assurance which covered him and four of his family members. Prior to taking the policy, Prashant's father, Pradeep, was subjected…
Delay No Excuse: Insurers Can’t Reject Claims Solely for Late Reporting
Insurers can't reject an insurance claim on grounds of delay alone. On 4 October, the Supreme Court ruled in favour of a truck owner whose truck was stolen in 2010.…
Age of Deceased, not age of dependent, Material in Computing Insurance Claim: SC
The Supreme Court has reiterated the insurance claim principle whereby the computation of claim amount is supposed to be done based on age of the deceased and not age of…
If declaration is late, claim can be rejected
Happy Steels, a private limited company, had obtained an insurance policy from Export Credit Guarantee Corporation of India (ECGC) to cover risk while exporting goods. Happy Steels had exported goods…
Heavy rainfall falls under definition of ‘flood’ for insurance claim
Damage to property because of heavy rainfall is included in the definition of ‘flood’ and ‘inundation’ in the general insurance policy, the Supreme Court has ruled, rejecting the argument of…