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INSURERS
SC proposes no fuel for uninsured vehicles, seeks tech-driven road safety overhaulThe Supreme Court has directed the Centre to design a pilot project denying fuel to uninsured vehicles. This initiative aims to improve roa...04 Aug, 2026, 08.08 PM IST- Life insurer rejected Rs 70 lakh death claim, but consumer commission ordered it to refund Rs 7 lakh premium despite a lapsed policy; here's whyA life insurer denied a seventy lakh death claim after a policy lapsed. The policyholder had paid seven lakh as the first year premium. The...04 Aug, 2026, 10.54 AM IST
- Surrender and withdrawals as a share of total benefits paid by life insurers rise to 39%Surrender and withdrawal benefits paid by life insurers have increased significantly. These benefits now exceed maturity benefits paid by t...03 Aug, 2026, 04.49 PM IST
- Comprehensive health insurance: Navigating childhood illnesses, vaccination support, and kidney function careHealth insurance covers childhood illnesses and their treatments effectively. Vaccination support is a key preventive care strategy for fam...03 Aug, 2026, 04.11 PM IST
- IRDAI’s insurance reforms: Why fixing commissions matters more than tracking sellersSome carmakers sell vehicles without a spare wheel, offering just a puncture repair kit instead. Nobody proposes a register of the salesmen...03 Aug, 2026, 12.18 PM IST
- Tata AIG rejects stolen bike's insurance claim over delayed FIR: Court says police delay can't cost a policyholder his compensation; orders insurer to pay over Rs 2 lakhTata AIG rejects stolen bike's insurance claim over delayed FIR: Tata AIG General Insurance ordered to pay over Rs 2.19 lakh by a Visakhapa...02 Aug, 2026, 07.14 PM IST
- National Insurance rejects mediclaim over 'hidden hypertension': Court says insurers can't deny genuine claims without evidence; orders over Rs 2 lakh payoutNational Insurance Company has been ordered to pay over Rs 2 lakh to a Thrissur man after a Kerala consumer commission ruled that the insur...02 Aug, 2026, 12.15 PM IST
- AI set to reshape insurance economics, push industry towards scale, specialisation: ReportArtificial intelligence is set to reshape the economics of the global insurance industry, with carriers, brokers and technology providers t...01 Aug, 2026, 09.47 AM IST
- Star Health cuts mediclaim without citing any policy clauses: Court says insurer cannot act on 'whims and fancies'; orders to pay the remaining Rs 47KStar Health Insurance has been ordered by a Guntur consumer commission to pay Rs 47,356 to a policyholder whose Covid hospitalisation claim...31 Jul, 2026, 03.16 PM IST
- New insurance norms for hospital admission: 'Unnecessary hospitalisation' won't be allowed; doctors fear genuine mediclaims may be deniedNew insurance norms for hospital admission issued by the General Insurance Council advise that patients with uncomplicated fever be treated...31 Jul, 2026, 01.21 PM IST
- AI helps insurers cut onboarding costs, speed up claims processing: McKinseyArtificial intelligence is transforming the insurance industry by enhancing sales efficiency and minimizing customer onboarding expenses. T...31 Jul, 2026, 01.10 PM IST
- LIC rejects claim saying past typhoid, jaundice were not disclosed: Court says the illnesses have no link to sudden heart attack that killed the policyholder; orders insurer to pay over Rs 10 lakhLIC rejects insurance claim saying policyholder hid illnesses: LIC rejected a death claim filed by a Guntur widow, arguing her husband had ...31 Jul, 2026, 09.58 AM IST
- State insurers quote low premiums to win NPCIL nuke insurance coverNuclear Power Corp of India (NPCIL) had budgeted Rs 30.13 crore, including taxes, for insuring Tarapur units 3 and 4 under a one-year prope...31 Jul, 2026, 01.33 AM IST
- FinMin launches Protection & Indemnity Insurance product under Bharat Maritime Insurance PoolIndia's Department of Financial Services launched a new sovereign-backed P&I insurance product. This product is designed by New India Assur...30 Jul, 2026, 09.59 PM IST
- Patanjali insurance? IRDAI approves Patanjali, DS Group's acquisition of Magma General InsurancePatanjali Ayurved and Dharampal Satyapal Group secured IRDAI approval for Magma General Insurance. This acquisition marks Patanjali's signi...30 Jul, 2026, 09.24 AM IST
- ProTec gets insurance licence; Irdai revamps key guidelinesProTec General Insurance will be allowed to undertake general insurance business under the applicable regulatory framework. The four regist...30 Jul, 2026, 01.12 AM IST
- Do you really need home loan insurance if you already have a term insurance plan?Home loan insurance is designed to pay off outstanding loans if the borrower passes away, while term insurance provides a one-time payment ...29 Jul, 2026, 12.22 PM IST
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