General Insurance Article: An Insurance Claim
An Insurance policy undertakes to indemnify the loss to the insured property by an insured peril. In other words, a loss sustained by an insured may not be an admissible claim under a policy. Read more
insurance claim
LIC settled Rs 21.86 lakh claims in 2011-12
Life Insurance Corporation of India (LIC) has settled 21.86 lakh claims amounting to Rs 4,389.79 crore in the financial year 2011-12. This was announced by zonal manager of East Central Zone Vinay Sah recently on the occasion of 56th anniversary of LIC Read more
Health Insurance: For insurance, pre-existing disease will be deemed only if doctor certifies
For a medical insurance claim settlement, a disease cannot be said to be pre-existing unless it has been certified so by a doctor on the basis of tests prior to the purchase of a policy, a consumer forum has held.
Read moreInsurance Claim time barred- Repudiated by Insurance Ombudsman
Insured cannot file an appeal for claim rejected by Insurer after the stipulated time period. In the instant case the complainant filed the appeal after 2 years. Appeal rejected by Insurance Ombudsman. Read more
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 Read more
Forum Makes United India Pay Mediclaim
The Consumer Disputes Redressal Forum, Ahmedabad (Rural), has partly allowed a complaint filed jointly by Consumer Education and Research Society Read more
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 Read more
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 Read more
Cell for redressal of grievances of Policyholders
The Grievance Redressal Cell of the Insurance Regulatory and Development Authority looks into complaints from policyholders. Complaints against Life and Read more
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 Read more