Ayushman health insurance: Private players outbid PSU firms to bag 2 states
Amid reports about fake accounts in Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), the government’s flagship health insurance scheme, Read more
ORIENTAL INSURANCE COMPANY
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.
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.
Axis Bank to raise Rs 6,000 crore from qualified institutional players recently
Axis Bank is all set to raise around Rs 6,000 crore through private placement of its equity shares to qualified institutional players (QIPs). Read more
Oriental Insurance Company to pay Rs 4.5 lakh to Widow
Five years after losing her husband in an accident, Manisha Devi, the widow of a CRPF jawan, will finally get insurance after a district consumer forum in Delhi ruled in her favour. Read more
Oriental Insurance Company to pay Rs.1.5 crore to road accident victims
Oriental Insurance Company has been directed by a Motor Accident Claims Tribunal (MACT) to pay a compensation of about Rs.2 crore to the families of two victims who died in a road accident earlier this year. MACT judge Sanjiv Jain ordered the Oriental Insurance Company, with which the offending vehicle was insured, to pay nearly Rs.1.5 crore to the family of deceased Sultaan Singh. The family of Raghu Raja Verma, the other person killed, was awarded over Rs.35 lakh in compensation . Read more
General Insurance: Oriental Insurance Company profit up nearly 5-fold at Rs 253 cr
State-owned Oriental Insurance today announced nearly 5-fold jump in net profit at Rs 253 crore in 2011-12 driven by better claim management and reduction in underwriting losses. Read more
1.25L Haj pilgrims insured this year
Around 1.25 lakh Haj pilgrims from across the country have been insured by the Haj committee of India under the comprehensive insurance policy that will cover losses due to theft, hospitalization, illness, injury or death due to terrorism etc. Read more
Consumer dispute: Insurance firm wins appeal, claimant falsified evidence
An insurance company has won an appeal with the UT States Consumer Disputes Redressal Commission against an earlier order, by a district court, penalising them for rejecting an insurance claim for damaged apples.
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