Insurance mis-selling complaints shows downward trend
The data of complaints from policyholders is showing a downward trend.The number of the complaints has come down to 23,110 in 2021-22 from 25,482 in 2020-21. The incidence of mis-selling…
Can’t deny mediclaim to a vegetarian, insurance company told
A district consumer commission has ordered an insurance company to pay mediclaim with interest to a patient which the insurer had denied on the grounds that he had developed a…
Out-patient care insurance
Star Health and Allied Insurance has launched the new "Star Out Patient Care Insurance Policy". This policy aims at providing complete health and wellness benefit to customers at an affordable…
Road crash in Rajasthan turns out to be murder for Rs.2crore insurance
A hit-and-run case has turned out to be a cold-blooded murder plotted by a man eyeing his wife's insurance amount of nearly Rs 2 crore. Shalu Devi (32) and her…
Maharashtra asks insurance firms to take cognizance of farmers’ claims
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…
Reframe crop insurance to enroll more farmers
The Indian government should reframe the crop insurance contract with farmers so that they can pay the premium at the time of harvest. This will help enroll more growers in…
‘Composite licence’ leads the Centre’s proposals to amend insurance, IRDAI laws
The Centre has proposed several amendments to the Insurance Act and the Insurance Regulatory and Development Authority Act as part of its overall effort to encourage product innovation and diversification…
Centre confident more States will re-join crop insurance scheme
The Agriculture Ministry said it is open to making pro-farmer changes in the flagship Pradhan Mantri Fasal Bima Yojana (PMFBY) so that the scheme responds to the climate crisis. Pointing…
Piramal, Zurich Insurance may bid separately for RGIC
Piramal Finance and Zurich Insurance may not go ahead with a joint bid for Reliance General Insurance Company (RGIC). According to sources, there is a difference between the two sides…
Insurance racket busted, 8 arrested
The CID's Special Operations Group has arrested eight people for running an allegedly fake BPO in Baguiati, offering fake insurance schemes. The accused also tricked people in the name of…