Insurance companies curb cashless facility

Gone are the days when mediclaim policy holders availed cashless facility in high-end hospitals.

Full value of stolen vehicle be paid to policy holder: SCDRC

The Delhi State Consumer Commission has held that an insurance company is liable to pay the full value of a stolen vehicle to a policy holder.

Insurance, housing schemes for 60L school teachers

Nearly 60 lakh school teachers in
the country are likely to get insurance and housing facilities
with state education ministers today welcoming the proposal.

`Death due to heart attack in normal course not accidental`

A death due to heart attack in the
"normal course" would not fall in the category of an
accidental death, the National Consumer Disputes Redressal
Commission (NCDRC) has said.

Journalists to be included under TN govt health insurance scheme

The Tamil Nadu Government today
said working Journalists would be included under the Kalaignar
Health Insurance Scheme from this year.

Insurance co can refuse claim if driver has no license

An insurance company is not
liable to pay vehicle claim if a driver does not possess a
valid driving license at the time of an accident, the National
Consumer Commission has held.

`Insurance claim can`t be denied for unauthorised car use`

The Supreme Court has said an
insurance company cannot deny claim to a vehicle owner just
because the insured car met with an accident when it was given
on hire to some other person.

Individual insurance rates soar in 4 states

Consumers in at least four states who buy their own health insurance are getting hit with premium increases of 15 percent or more — and people in other states could see the same thing.

Individual insurance rates soar in 4 states

Consumers in at least four states who buy their own health insurance are getting hit with premium increases of 15 percent or more — and people in other states could see the same thing.

LIC sells 1.29% stake in Great Offshore for Rs 28.49 crore

Offshore oilfield services provider Great Offshore today said state-run Life Insurance Corporation has sold about 1.29 per cent stake in the company for Rs 28.49 crore.

Mumbai terror attacks may cost insurers Rs 500 crore

Insurance claims arising out of the Mumbai terror attacks in 2008 are estimated to wipe out about Rs 500 crore from the corpus set up by general insurers to fund such losses.

ICICI Lombard, DCB tie up to sell insurance products at bank

ICICI Bank`s general insurance arm ICICI Lombard on Wednesday said it has signed a deal with private sector banker Development Credit Bank for the sale of insurance products at bank`s branches in the country.

Reliance Insurance launches two new schemes

In a bid to tap different market segments, Reliance Life Insurance Company (RLIC) announced the launch of two new products - Reliance Jan Samriddhi plan and Reliance traditional super invest plan - here Tuesday evening.

BMW to enter auto financing and insurance by mid-2010

The German luxury carmarker on Tuesday said it will invest USD 50 million (about Rs 230 crore) to set up a financial services subsidiary to better serve its customers besides industry as a whole.

IPO guidelines within 15 days: IRDA

IRDA will come with initial public offer guidelines for the insurance sector within a fortnight to allow companies to raise funds from the capital market.

IRDA allows companies to offer life-cum-health insurance cover

Insurance regulator IRDA on Wednesday allowed insurance companies to offer `Health plus Life Combi Product, a policy that would provide life cover along with health insurance to subscribers.

Life insurers premium collection rises 21 pc

Life insurance industry logged a 21 per cent increase in premium collections during the first seven months of the current fiscal compared to the same period last year, indicating recovery in the sector.

Swarup panel`s suggestions "misconceived": insurance brokers

IBAI on Monday dubbed the recommendations of the Swarup
Committee, which proposed doing away with commission charged
by insurance agents by 2011, as "misconceived".

Ford, Subaru, VW win insurance industry picks

Ford, Subaru and Volkswagen sit atop the insurance industry`s annual list of the safest new vehicles, according to a closely watched assessment used by car companies to lure safety-conscious consumers to showrooms.

Insurance Ind records 11.35% growth in premium income in H1

The insurance industry overall has registered a growth of 11.35 percent in premium collection at Rs 55,866.54 crore in the first six months of this fiscal as compared to Rs 50,171.09 crore in the year-ago period.