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INSURANCE COMPANIES
Buying health insurance? You must check track record of claims and complaintsThe insurance advisory platform, Ditto Insurance, compares insurers on two key metrics: three-year average claim settlement ratio (by polic...- One man's EV coverage rose from $1,180 to $1,690 in four years — a roughly 43% increase. The hidden reasons premiums could be getting more expensive may have nothing to do with the batteryElectric vehicle insurance rates are increasing for many owners. This rise is often linked to general market trends, not just battery age. ...
- From a failing textile mill to a trillion-dollar giant: The Warren Buffett storyWarren Buffett has ended his formal leadership of Berkshire Hathaway after more than six decades, becoming chairman emeritus at 96. His son...
- US Market: Orion180 prices IPO below target range, raises $240 millionOrion180 Insurance raised $240 million through its US IPO after pricing 20 million shares at $12 each, below its targeted range of $15-$17....
- HDFC Life Insurance Company among 4 stocks showing RSI trending upFour Nifty500 stocks that gained over 5% on September 17 were highlighted in the RSI Trending Up scan, based on data from StockEdge. HDFC L...
- Gujarat floods trigger thousands of crores in insurance claims, prompting rate hikes for industrial risksGujarat floods have triggered substantial insurance claims, prompting a review of pricing. Insurers are now pushing for more disciplined pr...
- NSE’s biggest bull bets bigger: LIC’s 10.72% stake gets Rs 450 crore anchor boostLIC, NSE’s largest shareholder with a 10.72% stake, received shares worth about Rs 450 crore in the exchange’s anchor allocation ahead of i...
- BofA hires Goldman's Srijith Nair to lead Asia ex-China financial institutions bankingBank of America has hired Srijith Nair from Goldman Sachs for key Asia roles. Nair will lead financial institutions group investment bankin...
- Vegetarian man's Rs 1 lakh mediclaim rejected due to B12 deficiency; company said his diet led to the illness; court orders insurer to pay him Rs 1.1 lakhAn Ahmedabad district consumer commission has ordered New India Assurance to pay a Rs 1.06 lakh mediclaim it had denied after blaming the p...
- NSE IPO: Every Rs 10 move in shares could swing Radhakishan Damani’s wealth by nearly Rs 40 croreRadhakishan Damani’s 1.58% stake in NSE could see its value swing by nearly Rs 40 crore for every Rs 10 move in the exchange’s share price ...
- NSE IPO jackpot: 10 PSUs could pocket Rs 12,802 crore from stake saleNSE’s IPO could deliver a massive windfall to 10 public-sector shareholders, which together could make a profit of around Rs 12,802 crore b...
- He trusted Canara Bank for 31 Years, then was sold a life insurance plan that pays at age 93; IRDAI orders Rs 4 lakh refund and ₹1 crore fine for mis-sellingIRDAI has imposed a ₹1 crore penalty on Canara HSBC Life Insurance Company over the sale of a deferred annuity policy to an 88-year-old cus...
- Prashant Jain’s 3P India among anchors as Hero Motors raises Rs 300 crore ahead of IPOHero Motors secured Rs 300 crore from anchor investors before its upcoming IPO. The company plans to raise Rs 1,000 crore through a mix of ...
- Oriental Insurance hopes to turn corner in FY27 assisted by NSE stake dilutionLooking ahead, Oriental Insurance Company projects a profitable turnaround by 2026-27, facilitated by a planned stake dilution in the Natio...
- 7 years on, insurer ordered to pay Rs 8.06 cr to Swiss firm subsidiary in fire claim disputeA consumer commission ordered an insurer to pay over eight crore rupees to Victorinox India. The company's fire insurance claim was unfairl...
- Indian Bank to enter life insurance business, soon to seek board nodIndian Bank plans to enter life insurance and asset management sectors soon. The bank is seeking board approval for these proposed new vent...
- Insurance company rejected Rs 3 lakh mediclaim saying it was an obesity treatment; court found the surgery also treats high BP, weight gain, knee pain; insurer ordered to pay Rs 3.5 lakhAn insurance company rejected a Rs 3.2 lakh mediclaim by calling a weight loss surgery an obesity treatment excluded under the policy. The ...
- ₹1 crore penalty on Canara HSBC Life Insurance Company over mis-selling of a deferred annuity policy to an 88-year-old senior citizenAn 88-year-old was sold a deferred annuity policy despite age restrictions, leading to a Rs 1 crore penalty for Canara HSBC Life. IRDAI fou...
- Canara HSBC Life fined Rs 1 crore for mis-selling policy to 88-yr-old via Canara BankCanara HSBC Life Insurance Company received a ₹1 crore penalty from IRDAI. The fine was imposed for mis-selling a deferred annuity policy t...
- Karamtara Engineering raises Rs 262 crore from anchor investors ahead of IPO. HDFC MF among top buyersKaramtara Engineering secured Rs 262.50 crore from anchor investors before its upcoming IPO. The company allocated over one crore shares at...
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