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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...- 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...
- 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...
- 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 ...
- Tata AIG rejects stolen bike insurance claim over delayed FIR: Court says police delay can't cost a policyholder their compensation; orders insurer to pay over Rs 2 lakhTata AIG rejects stolen bike insurance claim over delayed FIR: Tata AIG General Insurance ordered to pay over Rs 2.19 lakh by a Visakhapatn...
- Bank of Baroda may trigger cyber insurance claimBank of Baroda has filed a preliminary claim under its cyber insurance policy after a suspected data breach exposed nearly 1 TB of customer...
- Insurers redraw playbook as AI risks spawn new coverAI-specific underwriting is being built into existing policies, with standalone products expected as the market matures.
- Star Health Insurance Q1 Results: Profit jumps 25% to Rs 550 croreStar Health reported a twenty-five percent net profit increase for the first quarter. Total income rose to Rs 4,471 crore from Rs 3,990 cro...
- 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 ...
- Will using E20 petrol lead to insurance claim rejection? Here’s what govt saysThe Ministry of Petroleum and Natural Gas has clarified E20 petrol use. Insurance claims cannot be rejected solely based on using E20 fuel....
- Bank of Baroda Data Leak: Compromised employee email linked to alleged 1TB data leak on darknetBank of Baroda said its recent data leak resulted from the compromise of a single employee's email account and did not affect its core bank...
- NRIs can now buy term insurance in USD from India: Policybazaar explains how new plan protects against currency riskNon-Resident Indians can now purchase US dollar-denominated term insurance plans in India. These plans are available through Policybazaar's...
- ICICI Lombard rejects Rs 50 lakh accidental death insurance claim, consumer court said insurers can't add new claim conditions. Here's what happenedA consumer commission ordered ICICI Lombard to pay fifty lakh rupees to a policyholder's nominee. The policyholder died in a road accident,...
- Aditya Birla Health approved insurance before treatment, then cancelled it during discharge: Family left to pay Rs 44,000 hospital bill gets relief; court orders Rs 74,000 payoutAditya Birla Health approved insurance, then cancelled it during discharge: A Delhi consumer commission has ordered Aditya Birla Health Ins...
- LIC rejects life insurance claims saying policyholder hid diabetes: Court finds disease was diagnosed only after buying the policies; orders over Rs 60 lakh payoutLIC rejects life insurance claims saying policyholder hid diabetes: The National Consumer Disputes Redressal Commission has ordered LIC to ...
- Should I sell gold to buy a second home, or is it better to pledge it?ET Wealth Reader's Query: I am 45, and want to buy a holiday home, or what may be called a second home. I do not have any major financial c...
- 5 critical checks before buying health insurance policy to avoid claim rejectionsChoosing health insurance requires careful consideration of several important factors. Opting for a policy simply because it has a low prem...
- Oriental Insurance rejects mediclaim saying policyholder's hospitalisation wasn't necessary: Court says doctors, not insurers, decide medical necessity; orders over Rs 2 lakh payoutOriental Insurance rejects claim saying hospitalisation wasn't necessary: A Delhi consumer commission has ordered Oriental Insurance to pay...
- HDFC Life rejects Rs 50 lakh insurance claim over two existing policies: Widow wins after court finds the proposal form never asked about other insurers; full payout orderedHDFC Life rejects Rs 50 lakh insurance claim over two existing policies: A Kurnool consumer commission has ordered HDFC Life Insurance to p...
- ICICI Lombard denied health insurance claim, stating the policy was cancelled; policyholder wins the case in consumer court, here’s whyAn insurer's appeal was dismissed by the Delhi State Consumer Commission. ICICI Lombard failed to submit its written statement within the l...
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