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INSURANCE COMPENSATION
Nepal floods could cost insurers over $130 mln even before death, injury claimsNepal's recent flood may cause over 20 billion Nepali rupees in insured losses. Hydropower projects sustained the most significant damage f...- Insurer can't reject claim if alcohol habit disclosed before policy purchase: Consumer commissionA consumer commission ordered Edelweiss Tokio Life Insurance to pay over fifty lakh rupees. The company rejected a widow's claim despite di...
- Nepal floods could cost insurers over $130 million even before death, injury claimsNepal’s devastating floods could trigger more than 20 billion Nepali rupees ($132.3 million) in commercial insurance losses, with hydropowe...
- Rs 15 lakh fraud money credited to senior citizen’s account, police wanted to question him; HC grants anticipatory bail on this groundCriminals deposited Rs 15 lakh in senior citizen’s bank a/c; police wants to question him; HC grants anticipatory bail and observes mere de...
- Global Market: Japan’s 3% bond yield barrier signals shift in global debt flowsJapan’s 10-year government bond yield crossing 3% is making domestic fixed-income assets increasingly attractive, raising concerns that Jap...
- US Treasury yields are rising — Why does it matter?Rising U.S. government bond yields are driving up borrowing costs across the board, directly affecting households, businesses, and governme...
- Chit fund didn't pay Rs 15 lakh prize money to the winning member for 55 days; consumer commission orders Rs 44,500 compensation and refundA Telangana consumer commission upheld ₹25,000 compensation after finding Kapil Chits delayed a successful bidder's ₹15 lakh chit prize by ...
- 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...
- New labour code impact: Rs 8k less take home pay likely for employee with Rs 15 lakh CTC; check the impact on CTCs of Rs 10 lakh, Rs 25 lakh and Rs 50 lakhNew labour codes mandate higher provident fund contributions for employees. This change reduces monthly take-home pay for many salaried ind...
- Rider without driving licence killed in a crash with van; Court puts 25% blame on 19-year-old who died, cuts Rs 25 lakh motor accident compensation by 25%A 19-year-old rider died in a head-on collision with a van in Theni in 2018. The Madras High Court found that the rider also contributed to...
- Rs 21 crore awarded to families of 2 HUL managers killed in 2018 Mumbai-Goa highway accidentA Motor Accident Claims Tribunal awarded twenty-one crore rupees to two families. This compensation was for two Hindustan Unilever managers...
- Delhi couple’s bags arrived ripped open after flight; court orders airline to pay Rs 3.61 lakhA Delhi consumer commission has ordered American Airlines to pay over Rs 3.61 lakh to a Delhi couple as compensation for two damaged checke...
- Maharashtra govt ends 30 year age bar for Tribal students in hostelsThe Maharashtra government has removed the age limit for tribal students' hostel admissions. This decision followed a hunger strike and a l...
- Global Market: AI debt boom tests investor appetite as tech bond issuance surgesAI-driven debt issuance is testing investor appetite as technology companies flood bond markets with new supply. Hyperscaler issuance has r...
- This man quit his $250,000 Meta job to start over. Three years later, he works just 20 hours a week and lives a stress-free life. What he chose to do next changed his lifeJason Shen left Meta after nearly three years, prioritising his time and personal fulfilment. He turned executive coaching into a full-time...
- Truck driver’s family denied claim by United Insurance after he suffered cardiac arrest following meal during trip; court orders Rs 16 lakh compensationThe Uttarakhand High Court has upheld compensation of around Rs 16 lakh, including interest, for the family of truck driver Kamal Singh, wh...
- Deceased father's Rs 2 lakh PMSBY insurance payout denied after his name and age mismatched in records; son fought in consumer commission and won Rs 2.5 lakhA deceased father's Rs 2 lakh PMSBY insurance claim, rejected by the insurer over mismatched name and age records, has been upheld by the C...
- Care Health Insurance rejected heart attack patient's mediclaim over ‘pre-existing diabetes, hypertension’: Court says these are ‘lifestyle diseases’; orders insurer to pay Rs 2.1 lakhCare Health Insurance has been ordered to pay Rs 2.1 lakh after a Delhi consumer commission ruled that rejecting a heart attack patient's m...
- Are courts precluded from granting fair, just compensation in nuclear accident: SC seeks Centre response on SHANTI ActThe Supreme Court questioned the Centre regarding compensation for nuclear accidents. It also sought clarification on regulatory body appoi...
- PDP workers, farmers detained in Shopian protest over crop insurancePDP workers and farmers were detained in Shopian during a protest. They demanded the implementation of a crop insurance scheme for damaged ...
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