Insurance companies cannot load premium due to adverse claim ratio in Health Insurance
It is illegal to refuse renewal of a policy. So, when an insurance company does not want to renew a Read more
Insurance Caselaws
Accident victim’s kin gets over 32 lakh compensation in Delhi
The family of a man, who died in a road accident involving a rashly driven truck, have been awarded a compensation of over Rs 32 lakh by a Motor Accident Claims Tribunal (MACT).
Read moreAccident claim tribunal directs 29 lakh compensation for blind youth
A 21 year old youth who lost his eyesight and became prone to fits after suffering a car accident in 2011 has been awarded a compensation of over Rs 29 lakh by an accident claims tribunal in Delhi recently.
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Insurance company official imprisoned for securing job with forged caste certificate
A Nagpur court recently sentenced a senior official of the Oriental Insurance Company to undergo five years’ rigorous imprisonment for securing employment on the basis of a forged caste certificate. In a first case of its kind, the official will also have to cough up a fine of Rs 4,000.
Bombay high court declines relief on plea against mediclaim order
The Bombay high court recently declined urgent interim relief on a petition by a body of nursing homes/hospitals challenging an Insurance Regulatory and Development Authority circular that excludes hospitals having less than 15 beds from medical insurance. The HC said it would first like to know IRDA’s response. The new policy defining hospitals comes into effect from July 1.
Insurance Ombudsman asks Insurer to pay for delay in claim settlement
Ahmedabad Ombudsman Centre Case No. 11-004-0358 Mr. P D Shah vs United India Insurance Company Ltd. Award Dated: 30.11.2007 Partial settlement Read more
EC cannot requisition insurance staffers: HC
Observing that an insurance company is not a local authority, the Bombay high court recently quashed and set aside the order of the Election Commission to requisition employees of an insurance company for election-related work.
Subject: Have an investment linked insurance policy? Then you are not a consumer.
8 years after deluge, insurance co to pay Rs. 12 lakh for car repair
Eight years after the deluge of July 26, 2005, that brought Mumbai to a standstill, a city-based private firm will get Rs. 12 lakh from an insurance company for a 1995 model of Mercedes Benz E-220 that was severely damaged in the downpour.
If your car is stolen, there’s no time bar to claim insurance
A consumer forum has held that the condition with regard to the time limit in intimating an insurance claim is not mandatory but directory.