insurance claim

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…

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…

Taking and talking about property insurance is illusive concept and getting a claim is a traumatic experience in India. There are definitely exceptions but any opinion survey with the Home…

Case: M/S Flowtex Products vs M/S United India Insurance Co. Ltd. Case No.: CONSUMER CASE NO. 359 OF 2013 Summary The National Consumer Dispute Redressal Commission (NCDRC) has ruled that…

A fraudster who used to dupe investors promising to revive their old insurance policies was arrested by Bidhannagar police. Sohel Rana (27) was arrested from a hideout at Amdanga in…

Telangana State Consumer Disputes Redressal Commission held that a minor lapse on the driver's part is not liable for a claim to be dismissed, and directed an insurance company to…

LIC is hopeful to achieve its fiscal target of selling over 25 million individual policies along with a premium collection of above Rs 55,000 crore before March 31, 2020, while…

Managing Partner of Mumbai-based law firm MDP & Partners, Ashok Paranjpe, will be joining the board of LIC Mutual Fund Trustee Pvt. Ltd. as an Independent Director. Paranjpe began his…

LIC has launched two new unit-linked plans, Nivesh Plus and SIIP while opening two new offices in Puducherry. Chief Minister V. Narayanasamy has marked the opening of a city sales…

Keeping the policyholders’ convenience in mind, so that they will be able to pay the insurance premium timely even amidst the COVID-19 outbreak, LIC has made an extension to the…