Necessity of training for the General Insurance Agents
Having put in service of more than 4 decades in the insurance industry, I had been seeing that among the insurance agents some procuring business were illiterate, some did not…
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Forum orders United India Insurance to pay mediclaim
The Consumer Disputes Redressal Forum, Ahmedabad (Rural), has partly allowed a complaint filed jointly by Consumer Education and Research Society (CERS), Ahmedabad, and Mrs. Reshma Trivedi, holding United India Insurance…
SC : Include future loss of income in accident payout
If a person suffers permanent disability in an accident caused by a vehicle, then the compensation due to him should be computed taking into account not only his present earnings…
Damages for Road deaths without deciding on guilty
In two judgments recently the Supreme Court (SC) ruled that in road accidents, insurance companies should pay compensation under the 'no-fault liability' clause in the Motor Vehicles Act irrespective of…
Cashless claims : IRDA chief ex plains non-intervention in stand-off
The Insurance Regulatory and Development Authority, Mr. J. Hari Narayan, justified IRDA's non-intervention in the current stand-off between some insurers and hospitals on extending cashless treatment facility citing contractual aspects…
Accident damages
A motor accident claims tribunal has awarded a compensation of Rs.30.57 lakh to a man who lost his eyesight after injuries in a road accident with an autorickshaw last year.…
Limitation period is key to insurance claims Subject: Misinterpretation of judgment causes havoc in insurance cases.
Backdrop: The limitation period means the time within which a person must file his case before a judicial authority for exercising his rights. This period is to be calculated from the…
Not a just policy
The purpose of insurance is to indemnify the loss suffered by a policyholder. To fulfill the contractual obligation, the insurer has to assess accurately and precisely the loss suffered by…
SC wants fund for mishap victims
The Supreme Court has suggested creating a special fund to compensate three categories of vehicle accident victims who are usually short-changed by insurance firms. First, there are those hurt…