Association of third party administrators seeks clarity
The public interest litigation (PIL) filed in the Bombay High Court by activist Gaurang Damani for seeking clarity on the Read more
Insurance Claim
SC declares Compulsory retirement for misappropriation
The Supreme Court has declared a compulsory retirement to an LIC cashier for misappropriating Rs.533 in 1990. In this case, Read more
Dumper theft: ICICI Lombard asked to pay Rs 14 lakh claim
Dismissing the defence of an insurance company that there was a delay in lodging the claim for the theft of a dumper, the Thane district consumers forum has directed the company to settle the claim of Rs 14 lakh along with payment of legal expenses.
LIC rich by denying claims on flimsy ground: Consumer Forum
The Life Insurance Corporation of India has become the “richest” organisation in the country by rejecting rightful claims of insured under mediclaim policies on “flimsy” grounds, the Delhi State Consumer Commission has said.
Mistakes can lead to claim rejections
The finance ministry’s proposal that insurers won’t be able to question, and as a result, reject claims on the grounds of mis-statement or non-disclosure of facts after three years is a welcome step for policyholders. Read more
Mistakes can lead to claim rejections
The finance ministry’s proposal that insurers won’t be able to question, and as a result, reject claims on the grounds of mis-statement or non-disclosure of facts after three years is a welcome step for policyholders. Read more
Man gets full medical insurance after 2 years
City-based consumer forum has awarded a man complete claim for his hospital bill for the hernia surgery that he underwent. Read more
Insurers become more efficient in settlement of travel claims
Non-life insurance companies are witnessing rise in claim settlement within one month of claim registration for overseas travel insurance policies. Out of the total 4,602 claims settled by seven general insurers in the April–June quarter of the financial year 2012-13 (Q1FY13), 47.9 per cent, or 2,205 claims were settled within one month. In the same period last year, these insurers settled 5,796 claims, out of which 43.7 per cent, or 2,535 claims were settled within one month. Read more
‘I lost my phone inside a cow’ among mobile insurance claims
Do you know anybody who lost his mobile inside a cow or someone who baked her handset into a sponge cake? Read more
Insurance Claim: Complaints-Insurance mis-selling tops
Mis-selling of insurance policies and delay in claim settlements top the list of 2,341 complaints lodged by aggrieved customers with the  Chandigarh Insurance Ombudsman.
“We have received maximum complaints against insurance companies pertaining to mis-selling of insurance products followed by delay  in settlement of claims,” an official of Insurance Ombudsman said here. Read more
