Insurance
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Maharashtra govt announces Rs 10 lakh insurance cover for 'Govindas' during Dahi Handi festival
Maharashtra | Jul 26, 2024, 07:38 PM ISTDahi Handi festival is celebrated with great fervour in many cities of Maharashtra. The youth, in large numbers, participate in this festival. They break the pot of curd hanging at a height to replicate Lord Krishna.
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Unbelievable! Australian gym owner fakes her own death to claim $500k insurance payout
World | Jun 22, 2024, 05:50 PM ISTThe woman faked her own death and submitted fabricated documents while posing as her partner to get the insurance payout. The plot unravelled after the bank got suspicious and froze the gym owner's account.
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IRDAI mandates additional costs for insurers on late health claim settlements
Personal Finance | Jun 14, 2024, 01:15 PM ISTThe Insurance Regulatory Development Authority of India (IRDAI) has introduced new customer-friendly measures for health insurance. Insurers must now cover additional costs if claims are not settled within three hours of discharge.
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LIC plans health insurance foray after historic dividend payout, explores acquisitions
Personal Finance | May 28, 2024, 08:07 PM ISTThe LIC's move comes after a proposal to introduce composite insurance companies, allowing life insurers to offer hospitalisation and indemnity coverage, pending an amendment to the Insurance Act.
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Road accident: 10.46 lakh motor mishap claims worth Rs 80,455 crore pending nationwide, reveals RTI
India | May 26, 2024, 04:37 PM ISTThe road safety activist KC Jain, who filed RIT, raised concerns over the "snail pace" of claim settlements, estimating that it takes an average four years for a victim to get financial relief.
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The Importance of a Term Insurance Review
Brand Content | Apr 29, 2024, 05:33 PM ISTTerm insurance plans evolve over time to meet consumers' changing needs and preferences. Every now and then, insurance companies introduce newer products into the market with enhanced features designed to offer greater value, efficiency and flexibility to policyholders.
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India expands health insurance access: Senior citizens over 65 eligible for coverage
Business | Apr 22, 2024, 12:23 PM ISTThe Insurance Regulatory and Development Authority of India (IRDAI) has made a groundbreaking decision to remove the age limit of 65 years for individuals purchasing health insurance policies, aiming to broaden coverage and enhance financial security against healthcare expenses.
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LIC shares surge over 6 per cent after Q3 net profit rises 49 per cent to Rs 9,444 crore
Business | Feb 09, 2024, 10:20 AM ISTThe public sector company's net premium income rose to Rs 1.17 lakh crore from Rs 1.11 lakh crore in the same quarter a year ago.
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Niva Bupa Health Insurance Introduces 'Aspire', a product for Young India
Business | Jan 22, 2024, 04:02 PM ISTWhile several government initiatives as well as steps taken by private insurers are working towards ensuring adequate health coverage to the larger population of the country, this segment of our population whom we typically qualify as ‘Young Indians’ is still largely not covered by health insurance.
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Man pays Rs 46,000 for vehicle insurance; Policy turns out to be fake
Maharashtra | Jul 02, 2023, 12:05 PM ISTThe incident dates back to June 2018, when the victim made a payment of Rs 46,370 to the accused for getting insurance cover for his seven vehicles, the police said.
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Why You Need a Third Party Insurance Policy: Key Advantages
Brand Content | Jun 28, 2023, 04:56 PM ISTIn India, third party car insurance is a mandatory requirement for every vehicle owner as per the Motor Vehicles Act, 1988. It is a type of insurance policy that provides coverage against any legal liabilities arising from damages, injuries, or death caused to a third party involving the insured car
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V Jagannathan quits from Board of Star Health and Allied Insurance Company
Business | Jun 11, 2023, 11:23 PM ISTJagannathan, after attaining superannuation from the United India Insurance as its Chairman and Managing Director, founded Star Health and Allied Insurance with the backing of Dubai-based ETA Group.
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Insurance industry comes together to increase life insurance awareness under aegis of IRDAI
Business | May 27, 2023, 02:09 PM ISTLife Insurance: Tata AIA Life Insurance and IFFCO-Tokio (Lead insurer – General Insurance) have been driving the initiatives in Mizoram to educate citizens about Life and General insurance benefits.
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Things Auto insurance policies do not cover!
Auto | Jan 10, 2023, 07:15 PM ISTAuto insurance policies do not cover losses for some specific things. Continue reading to discover more information about typical vehicle insurance policy exclusions.
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Paytm brings Pradhan Mantri Jan Arogya Yojana (PMJAY) health insurance
Technology | Aug 24, 2022, 08:09 PM ISTPaytm app users can access the list of private and government hospitals that offer the benefits of PMJAY. Eligible users can quickly locate the nearest hospital, enrolled under the PMJAY scheme and access the entire spectrum of health insurance available.
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Insurance companies can now launch new products without IRDAI approval
Business | Jun 02, 2022, 05:03 PM ISTSo far, insurance companies were required to obtain prior approval from IRDAI to launch new insurance products.
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Insurance cost of cars, two-wheelers to go up from June 1, Details
Business | May 26, 2022, 10:24 AM ISTCar Insurance, Third Party Insurance Premium: The third party insurance covers any collateral damage to a third party, generally, a human being, caused due to a road accident.
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Why you should take your bike’s IDV seriously when buying insurance
Brand Content | Jun 08, 2023, 12:14 PM ISTIDV or Insured Declared Value is calculated on the ex-showroom price of your two-wheeler. IDV is fixed on the basis of the manufacturer's selling price, which includes invoice value & GST, and excludes the registration and insurance charges.
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Are you aware of these features & benefits offered under the group mediclaim policy for employees?
Brand Content | Jun 08, 2023, 12:11 PM ISTThis article will help you understand the features and benefits offered under the group mediclaim policy.
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Insurer can't refuse claim by citing existing medical condition once policy issued: Supreme Court
India | Dec 29, 2021, 11:19 AM ISTSupreme Court said that a proposer is under a duty to disclose to the insurer all material facts within his knowledge. The proposer is presumed to know all the facts and circumstances concerning the proposed insurance.