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Suppose you get a cheque from somebody who owes you money and the cheque bounces. What happens? Under Section 138 of the Negotiable Instruments Act, the person giving you such cheque is an offender and can be punished with two years imprisonment or fine up to twice the amount of cheque or both. But there are certain conditions: Read more
Leading health insurance company, Apollo Munich Health Insurance unbelievable, 10 month old product Optima RESTORE, has won the Innovation of the Year award recently at 16th Asia Insurance Industry Award in Kuala Lumpur.
The family of a 29-year-old man, who died after a rashly- driven truck hit the car he was driving, has been awarded Rs 16.68 lakh as compensation by a motor accident claims tribunal (MACT) here. Read more
L&T General Insurance, a wholly-owned subsidiary of L&T Limited, is eyeing the health cover business for which it plans to launch five to six products in the near future, a senior company official said recently.
Religare Health Insurance, a standalone health insurer, plans to launch a travel insurance product before the close of the current fiscal, Anuj Gulati, Managing Director & Chief Executive Officer has said. Read more
City-based consumer forum has awarded a man complete claim for his hospital bill for the hernia surgery that he underwent. Read more
Enhancing the compensation amount claimed by a widow, the Motor Accident Claims Tribunal (MACT) here has held that claim can be entertained even if the proof for age or income of the victim is not available. Read more
A 31-year-old man, who suffered “100 per cent loss of functional ability” after he was hit a rashly-driven car, has been awarded Rs 11.30 lakh as compensation by a motor accident claims tribunal here. Read more
There has been a strong emergence of technical development in India in the recent years along with the use of internet as a powerful tool in our day-to-day life. With an increase in internet penetration in India the new generation of working professionals have become increasingly comfortable with transacting online. The insurance industry is very much a part of this e-commerce growth story with a slew of insurance products being sold online. Read more
Agents are still misleading consumers by suggesting insurance products are good investments. These definitely are not. Get your life covered but don’t hand over your savings. Read more