Finance Minister asks LIC to attract younger customers
The Finance Ministry has asked LIC to devise a strategy with a view to focus on young people so that the average age of policy holders can be brought down…
Allot new insurance agents in case of removal of existing ones: IRDA
To ensure continuity of services, sectoral regulator IRDA today said life insurance companies will have to allot new agents to policyholders in case of removal of existing agents.
Insurance company fails to properly assess loss, told to pay up
National Insurance Company Limited, Sector 17-D, Chandigarh, has been directed to pay Rs 1,24,951, following a consumer complaint over the amount accessed by the company as insurance claim in lieu…
Insurance Claim investigator can’t declare driving license to be fake
An insurance claim investigator cannot declare unilaterally a driving licence to be fake without any corroborating report from the transport authority, a Delhi district consumer forum has said.
Reliance Life Insurance launches online life cover plan
Reliance Life Insurance recently said it has launched an online plan -- Reliance Life Insurance eTerm -- with a maximum life cover of Rs 1 crore for policyholders in the…
LIC under scanner in Chhattisgarh over financial irregularity
The Life Insurance Corporation (LIC) of India has come under the scanner in Chhattisgarh for allegedly committing serious financial irregularities in a scheme meant for poor people.
Club mediclaim with accident insurance for total coverage
When we talk about insurance, we normally associate it with life insurance. It has captured a huge mindshare due to the saturation coverage that the media has given it. Of…
IRDA news: Senior citizens welcome new health insurance rules
The Insurance Regulatory and Development Authority's (IRDA) new policies have brought much relief to the senior citizens with the age limit raised to 65 years.
Insurers fear losses from draft health cover norms released by IRDA
The draft health insurance regulations released last week by the insurance regulator although lauded by policyholders, senior citizens and consumer activists for being pro-customer, may pose several challenges for insurance…
Health Insurance: For insurance, pre-existing disease will be deemed only if doctor certifies
For a medical insurance claim settlement, a disease cannot be said to be pre-existing unless it has been certified so by a doctor on the basis of tests prior to…