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Why women's financial protection must evolveIndia has made major strides in women’s financial participation, with rising workforce participation, bank-account ownership and entreprene...- Government seeks long-term funds to boost infrastructure workIndia is grappling with a funding shortfall as long-term liabilities are rapidly decreasing. With bank deposits and debts maturing in less ...
- 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...
- 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...
- Lower premium with higher health insurance coverage: Co-pay vs. deductible, which can save you moreNavigating health insurance premiums can be tricky. Understand the crucial differences between deductibles and co-pays. While both share co...
- 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...
- 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 ...
- Selling insurance but not handling customer grievances: IRDAI fines IndusInd Bank Rs 1 crore; here's what policyholders should knowIndusInd Bank faces a Rs 1 crore penalty from IRDAI for failing to provide an adequate, insurance-specific grievance redressal mechanism fo...
- AI alone won’t close India’s insurance gap as NITI Aayog seeks industry help to reach the ‘missing middle’To effectively narrow the insurance gap in India, collaboration between government and private entities is crucial, as technology alone is ...
- ₹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...
- Stocks in news: Canara Bank, Vodafone Idea, Premier Energies and ACME SolarIndian equity markets saw a slight recovery on Thursday after recent declines. Canara Bank plans to raise substantial funds through bond is...
- Rs 5 lakh health insurance claim denied by insurer over waiting period for pancreatitis; here's why the policyholder's wife wonA health insurer cannot automatically reject claims using waiting-period clauses. The Mumbai Consumer Commission ruled that insurers must p...
- LIC expects no immediate government stake sale, eyes long-term growth: CEOLIC does not expect the government to sell another stake in the insurer in the immediate future, CEO R Doraiswamy said. The state-owned ins...
- Whose bill is it when the fire spares the house but poisons the air? California just made that callCalifornia wildfire survivors gain new protections with the Smoke Damage Recovery Act. This legislation establishes the nation's first scie...
- 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 ...
- LIC launches two new plans: LIC’s Bima Platinum and LIC’s Jeevan Raksha; Check detailsNew LIC plans: Today, Life Insurance Corporation of India has unveiled two innovative insurance plans designed to meet diverse needs. LIC's...
- Huge growth opportunity as rising incomes, longevity fuel insurance demand: LIC CEOIndia's insurance sector anticipates strong demand for protection and savings products. LIC aims to adapt its distribution and product mix ...
- IRDAI pitches public insurance registry to reshape industryIndia's insurance regulator is proposing a Public Insurance Registry for data sharing. This digital infrastructure will connect insurers, i...
- Insurer rejects motor insurance claim citing invalid driving licence; policyholder fights back and wins Rs 3.5 lakh in consumer commissionA motor insurance claim was rejected by HDFC General Insurance over driver's license concerns. The West Bengal Consumer Commission found in...
- 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...
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