Insurance Claims

How debit, credit card insurance can save you after fraud, accidents & more

Card fraud can seem like something that only happens to others until it happens to you. This is why credit and debit card insurance becomes vital

Policyholders can cancel policy at any time by notifying insurer: Irdai

The Irdai said retail policyholders can cancel their insurance policy at any time during its term by notifying the insurer, and will receive a refund for the remaining period of the policy

Insurance helped 46,000 women avoid deadly work during heat waves in India

With climate change raising temperatures during heat waves, millions of Indians face a difficult choice: work in dangerous conditions or go hungry

LIC gets 3-yr extension from Sebi to achieve 10% public shareholding

State-owned insurance giant now has to meet regulatory requirement on or before May 16, 2027

Typo can't be basis for denial of claim

The State Commission concluded the insurer could not take advantage of a typographical error on the bank's part to repudiate a legitimate claim

Unclaimed insurance, first market investment: Top personal finance stories

Our top stories this week explain why you should keep a record of your insurance policies and how to start with mutual fund investments

Unclaimed insurance funds higher in agent-sold policies: Analysts

LIC accounted for more than 90% of total unclaimed funds in the last five years

Insurance claims drop 30-35% during Chennai floods compared to 2015

This is noteworthy considering the number of policies issued across India by general insurers rose by 74 per cent in 2021-22 compared to 2014-15

Telangana CM announces Rs 5 lakh accident insurance policy for gig workers

Telangana Chief Minister A Revanth Reddy Saturday said the state government will provide Rs 5 lakh accident insurance to gig workers such as those involved in food delivery, and driving cabs and auto-rickshaws. According to an official release, he also assured the gig workers that the government would provide Rs 10 lakh health cover under the Rajiv Arogyasri scheme. Attending a meeting of cab and autorickshaw drivers and food delivery executives here, the chief minister said the state government will provide social security to workers in the unorganised sectors and will make a policy decision in this direction. Reddy promised that the state government would study the existing policy for gig workers in Rajasthan and introduce an effective law in the next state budget session, the release said. He also announced Rs 2 lakh financial assistance to the family of a food delivery executive who died four months ago after he fell from a building. The chief minister advised the cab and ...

Rush for cover: For claiming insurance on flood-damaged home, act on time

Do not start a flooded car as it could cause further damage that may not be covered by your motor policy

Odisha crash: Liberty General Insurance sets up helpline to process claims

Insurance provider Liberty General Insurance on Monday said it has set up a dedicated 24/7 helpline facility to serve the families of the victims who lost their lives in the Balasore train accident that left at least 275 people dead and 1,100 injured. Liberty General Insurance provides personal accident coverage to IRCTC train passengers. Families of the victims can call +91-9324968286 to avail the service, the company said. Expressing their commitment to providing quick claims settlement, company CEO and Whole Time Director, Roopam Asthana said, "We stand with our customers in their time of need and will fulfil our promise of protection for the unexpected, delivered with care." "At Liberty General Insurance, we have implemented several extraordinary measures to ensure hassle-free claims process for our policy holders. Our helpline number +91932496286 is a quick point of contact for our policyholders," he said in a statement. A dedicated claims support email ...

Joshimath subsidence: Irdai asks insurers to expeditiously settle claims

Insurers have also been asked to engage adequate number of surveyors immediately as required and, if need be, consider engaging surveyors from neighboring areas as well

Proposed changes to insurance laws may cause health claim disputes: Unions

The Unions also said the proposed amendments does not define the term liability which may lead to misappropriation by the insurers

2,302 insurance claims of Rs 50 lakh each cleared for Covid health workers

The government told Parliament on Tuesday that 2,302 claims of Rs 50 lakh each have been paid under the insurance scheme for health workers fighting COVID-19, and 465 of these pertain to the families of doctors. Fifty-three claims have been paid to the families of doctors in Bihar, 64 in Uttar Pradesh, 43 in Maharashtra, 38 in Karnataka and 37 each in Tamil Nadu and Andhra Pradesh, Minister of State for Health Bharati Pravin Pawar said in a written reply to a question in Rajya Sabha. Pawar said the Government of India maintains data of total cases and deaths due to COVID-19 as reported by states and Union territories. Disaggregated data on deaths due to COVID-19 by profession or otherwise is not maintained centrally. The Pradhan Mantri Garib Kalyan Package (PMGKP)-Insurance Scheme for Health Workers fighting COVID-19 was implemented with effect from March 30, 2020 to provide an insurance cover of Rs 50 lakh for providing comprehensive personal accident/life insurance cover to around

Insurers juggle surge in claims in aftermath of Bengaluru floods

Three days of heavy rainfall from Sept. 5 saw homes and offices in Bengaluru's IT corridor flooded, sparking chaos and raising questions over poor urban planning.

Fake invoices can lead to insurance claim repudiation, shows a recent order

Aristo Texcon, a private limited company, had its factory in Kolkata's Tangra Industrial Estate. A massive fire occurred on February 19, 2012. Here's what happened when they approached their insurer.

Ombudsmen disposed of 32% more complaints against insurers in 2021-22

Complaints relating to health insurance made up a third of the total number cases disposed of in 2020-21, a period marked by the first wave of Covid-19

Beyond the dotted line: Sign insurance proposal form after a careful read

A client, and not the insurance agent, has to ultimately bear the consequences of not revealing critical information.

Claim can't be avoided by suppressing vital report

The National Commission castigated the insurer for suppressing the second report, which favoured the insured. It concluded this report made it evident the claim was genuine

Health cover premiums shoot up as Covid-19 pandemic threat looms

Premium costs jump 10-15%, driven by large number of claim payouts during pandemic as well as factors such as rising healthcare costs