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BMW INSURANCE CLAIM REJECTED AFTER FIRE
Employers may soon be able to claim ITC on GST paid for employee insurance coverThe GST Council is gearing up to consider a proposal regarding input tax credit for employee insurance premiums. Currently, businesses cann...- Owner denied insurance claim after car catches fire from a puncture on highway, insurer ordered to pay Rs 70.75 lakhA car owner whose vehicle caught fire after being parked on a highway following a tyre puncture was denied an insurance claim over the vehi...
- Yemen forces strike Houthi targets after rebels claim Aramco attack in RiyadhYemen's internationally recognized government has confirmed ongoing military strikes against Houthi-controlled areas in Sanaa and Saada. Th...
- Dubai NRI bought Rs 2.31 crore property, didn’t file ITR, got income tax notice; she fights back and wins in ITAT on these groundsMrs Chudamasa’s counsel argued that the AO had erred in treating Rs 2,31,20,000 as investment made during financial year 2017-18. He submit...
- ‘Focus on claim ratios, not commissions’: Bajaj General CEO on insurance reformBajaj General Insurance's MD highlights the need to focus on claim ratios instead of distributor commissions. The insurance regulator recen...
- Only ₹2 lakh was paid by Star Health against a claim of ₹4.28 lakh, citing a sub-limit clause: Here’s why the policyholder won ₹2.28 lakh moreA recent case involving Star Health and Allied Insurance highlights the complexities of health insurance policies with disease-specific sub...
- Man left BMW on highway after puncture, found it burnt next morning; insurer denied Rs 70 lakh claim; he fights back and wins claim money with 7% interestAccording to the insurer, the BMW owner made multiple policy violations. Specifically, he failed to immediately notify the police and the i...
- India rejects Australia's high sugar subsidy claims at WTOAustralia referring to the WTO panel in the India sugar and sugarcane dispute which found in 2021 that India’s sugar support regime was inc...
- Trump offers Iran sanctions relief, frozen funds for concrete nuclear progressNegotiations between the United States and Iran are ongoing, with discussions mediated by foreign officials. President Donald Trump has ind...
- IRDAI’s commission crackdown: Why insurers may cope but distributors face a tougher testTransformations are on the horizon for India's insurance industry, with new proposals from the Insurance Regulatory and Development Authori...
- Cashless health insurance claims: What policyholders can do when hospitals and insurers clash over bills, approvals, and deductionsInflated bills, delayed approvals, arbitrary deductions. As hospitals and insurers trade charges, policyholders are left footing the bill. ...
- Same Rs 3.5 LPA offer, two very different choices: 4 years later, one reached Rs 38 LPA while the other switched domainsTwo college batchmates received the same 3.5 LPA Wipro offer in 2022 but took different paths afterward. One rejected the job and spent two...
- Opposition agitation against CEC will fail with Mamata Banerjee involved, says BJPBJP spokesperson Debjit Sarkar dismissed the opposition's joint protest against Chief Election Commissioner Gyanesh Kumar. He criticised th...
- Missed declaring parents’ pre-existing conditions? Know if you should disclose them now or switch policiesNot disclosing your parents' medical conditions when buying health insurance can have serious repercussions, especially at the time of a cl...
- ₹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...
- 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...
- 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...
- 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...
- 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...
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