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MOTOR INSURANCE FRAUD
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...
- Kiwi targets Rs 5,000 crore premium book with AI-led insurance modelA new general insurance company, Kiwi General Insurance, is set to launch in India. Backed by WestBridge Capital and Neelesh Garg, it plans...
- Insurers racing to ‘AI-proof’ systems as IRDAI flags risksIndian insurers are rethinking how they assess cyber risks. Regulators have asked them to review exposure to artificial intelligence-driven...
- 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...
- Aadhaar is new weak link in insuranceFraudsters are exploiting Aadhaar-linked processes in the insurance sector by manipulating data and forging documents to file bogus claims ...
- Five ways to avoid car insurance fraudsCar insurance fraud is on the rise. Fake agents, missing receipts and invalid QR codes are some common tactics used by scammers. Always get...
- Motor insurance rule change: No arbitrary claim rejection, quicker claim settlement, pay as you drive option must, says IRDAIMotor Insurance New Rules by IRDAI: The Insurance Regulatory and Development Authority of India (IRDAI) has updated the master circular cla...
- Fin Min meets chiefs of private sector general insurersThe finance ministry has discussed various critical issues with the General Insurance Council and private sector general insurance companie...
- IRDAI organises hackathon, invites innovative solutions for insurance sector"The hackathon invites participants to identify and develop solutions that have the potential to make the insurance available to every indi...
- Irdai cautions public not to fall prey to fraud by Digital National Motor Insurance"The Authority cautions the public not to make any transaction related to insurance business with M/s DIGITAL NATIONAL MOTOR INSURANCE," In...
- 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...
- Getting a very low premium for motor, bike insurance renewal? Policy could be fakeAny laxity on your part while buying or renewing a motor policy offline could cost you dear in future.
- Motor claims may fall if bill is passedThe sum insured is unlimited in case of fault liability claims.
- 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.
- High value floater policies are in demand: Ritesh Kumar, HDFC Ergo General Insurance"Niche covers are the way forward for insurers as health costs increase and more people seek to buy large health insurance policies."
- Now, Irda plans unique ID for hospitalsIrda is in the process of issuing unique identity numbers to hospitals to determine pricing patterns for various diseases.
- General insurance companies go to IRDA with new proposals; move to bring down fraud third party claimsIf general insurance companies have their way with the regulator, your accident insurance claim will be rejected if a friend rams your car.
- FDI in insurance: Health insurance business to get a fillip, new players boon for consumersConsumers can look forward to a series of changes if the reforms in insurance approved by the Cabinet on Thursday gets a green signal from ...
- Health insurers have stepped up their efforts to counter fraudsHealth insurers and their third-party administrators (TPA) have stepped up their efforts to counter frauds in the last one year.
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