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INSURANCE CLAIM 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...
- ₹1 crore accidental death claim rejected over alleged income inflation; here’s why wife won against insurerAn insurer's attempt to deny a Rs 1 crore accidental death claim based on alleged income inflation backfired. The consumer commission ruled...
- Finance Ministry rejects foreign influence claims over UPI MDR, says India's digital payments decisions are made independentlyIndia's finance ministry rejected claims of foreign pressure influencing UPI transaction charges. A 0.4% Merchant Discount Rate will apply ...
- Central database may be used for financial oversight, risk monitoringIndia's government plans to expand Cersai's database for better financial risk monitoring. This initiative aligns with the phased rollout o...
- Making people redundant is a no-win: Revolut India CEO on AI job cutsAs large private banks and financial institutions trim headcount to automate their workforce, Revolut’s Paroma Chatterjee believes it is cr...
- BFSI moves beyond AI pilots as firms chase measurable business value: ReportIndian financial institutions are deploying artificial intelligence across many operational areas. These deployments show productivity gain...
- Credit card lost, and someone used it; who will cover the lost money - you or the bank?What if a transaction takes place after you lose your card, and you don’t block it before that? Who has the liability then - you or the ban...
- Paytm bets on workplace AI agents in pivot beyond paymentsIn an exciting new venture, Paytm is venturing beyond its established digital payments realm to launch Pi, an innovative service offering a...
- Paytm shares jump 5% as workplace AI push gains tractionPaytm shares surged on Wednesday, as investors welcomed the company’s push into enterprise AI, marking an expansion beyond its core payment...
- Public Insurance Registry: From tracking policies to improving claim processing, how PIR could benefit policyholdersIndia's Insurance Regulatory and Development Authority of India (IRDAI) has introduced a groundbreaking Public Insurance Registry aimed at ...
- Health insurance during pregnancy: When unrelated illnesses can lead to claim rejectionWithout maternity cover, pregnancy-related complications aren’t covered, but disputes can arise over whether the exclusion extends to unrel...
- Kroger savings club settlement: You may be eligible for payment in $17 million class-action settlement over pricing claims; check eligibility, deadline, payout and moreKroger customers may receive a share of a proposed $17 million class-action settlement. This settlement addresses allegations of overchargi...
- SIDBI backing is a ‘huge stamp of credibility’ for Cedar Hill Capital: Sahil AnandSIDBI’s backing of Cedar Hill Capital’s fund marks a strong vote of confidence in its strategy of investing in AI-first enterprise FinTech,...
- The next frontier in finance is not a bank. It is the machinery beneath itThe financial services landscape is evolving, emphasizing the importance of software and data infrastructures. In India, digital payments a...
- AI could cut cost of running insurance by eliminating repetitive work: ReportThe report said AI is being embedded across underwriting, customer service, fraud detection, claims processing and internal operations. Ins...
- Insurer rejected Rs 50 lakh claim after man’s death; consumer panel finds insurer at fault, orders full payout with 6% interestInsurer rejected Rs 50 lakh claim after man’s death: A consumer commission has directed Cigna TTK to pay Rs 50 lakh after finding that the ...
- SC ruling may widen motor insurance cover for vehicle occupants, pillion ridersMotor insurance policyholders will receive broader occupant protection following a Supreme Court ruling. The court directed the insurance r...
- Motor insurance bills could feel the pinch as insurers crack down on third-party fraudMotor insurers are intensifying efforts to curb third-party claim fraud as rising court awards and more uninsured vehicles increase pressur...
- Canada Class Action Lawsuit: $8.7 million settlement offers eligible Canadians up to $5,000 - Check who qualifies and how to claim compensationA court in Canada has given the green light for an $8.7 million settlement arising from a privacy breach that occurred in 2020. Canadians w...
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