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GUJARAT INSURANCE FRAUD
Oriental Insurance bets on health, MSME products to drive growthThe state-owned general insurer holds 35.2 million shares, representing a 1.42% stake, in the country's largest stock exchange that closed ...- Man tries to commit insurance fraud by setting car ablaze, blames fire on accident; arrestedGondal Taluka police in Rajkot district have initiated proceedings against 26-year-old Deep Virdiya, who allegedly set his overturned car o...
- BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitionsBRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more...
- AB-PMJAY guideline violations: Over 2,000 hospitals de-empanelled, 1,200 suspended, says NaddaOver two thousand hospitals faced de-empanelment for scheme guideline violations. Automated triggers detect suspicious claims within twenty...
- Housing finance stocks: Is the worst of perception over? Time for a relook? 11 HFC stocks with upside potential from a low 6% to 30%As a sector, housing finance has borne the brunt of regulatory changes and various scams at different points of time. It is a sector that h...
- Gujarat sets up Departmental Data Committee to protect farmers' personal, financial informationGujarat's Agriculture Department has formed a committee to protect farmers' personal data. This initiative aligns with the Digital Personal...
- Rajasthan shocker: Four friends burn dead man’s finger, toe to fake insurance claimPolice in Bhilwara have arrested three men for allegedly burning a deceased man's finger and toe. The accused reportedly planned to stage a...
- Star Health to launch affordable health insurance plans targeting tier 2, 3 marketsAs healthcare expenses soar, Star Health is bracing for premium increases in the next fiscal year. In a proactive move, the insurer is roll...
- Insurance frauds: How data analytics and rigorous checks are trying to eliminate bogus claimsBogus claims are as old as the industry itself. Despite insurers’ best efforts, fraudsters have been mostly ahead of them. But with the ris...
- PM unhappy with Nitish government over Ayushman Bharat, asks Bihar to pay more attention to schemeAll states also asked to set up anti-fraud units under the scheme.
- Private life insurers better claim payout ratio to 95% in FY18Better fraud management techniques, technology and regulation have helped insurers in fastening the claim settlement process and cutting re...
- ‘Modicare’ to offer insurers limited businessAccording to insurers, their experiences in managing large schemes like the Rashtriya Swasthya Bima Yojana can make a huge difference to th...
- How insurance firms are dealing with fraud claimsInsurers have identified at least 80 districts across the country which have excelled in fraudulent claims over the past decade.
- Crooks make a killing from life insuranceInsurers like HDFC Life say syndicates in Gujarat, Maharashtra and Telangana are behind the scam. In one case, the insurer got 12 death cla...
- In Gujarat, a rise in fraud claims means you pay more for insuranceThe claim ratio -claim paid by a company divided by total premium collected -is at about 130-140% for Gujarat, while it is 60-70% for the r...
- Why crop insurance schemes fail poor farmers when they are needed the mostCrop insurance schemes for poor farmers are linked to loan repayments and premium payments. This is what makes it impractical during times ...
- Insurance companies mull staying away from nine hotbeds of fraudstersAlmost every month, fraudsters have been popping up in small towns across the country to carry out organised attacks on life companies.
- Check hospital pulse regularly to detect bogus claims: Insurers toldThe government has asked health insurance companies to crack down on hospitals that raise false claims.
- One PSU insurer stays with cashless mediclaimNational Insurance Co has sent out letters to all its TPA stating that it didn't want to be part of PPN.
- Bank frauds lure Gujarat's NatwarlalsRecords of the CBI and CID in Gujarat, reveal a unique story of shifting trends in whitecollar crimes.
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