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LIFE INSURANCE CLAIM SETTLEMENT RATIO
Life insurer denied Rs 1 crore death claim over earlier policy postponement on medical grounds; here's why family wins in state commission- In 1974, a Vietnam veteran moved to Alaska for a new life. 14 years later, he became the last person in US history to get a homestead patent
- Insurer rejected Rs 50 lakh claim after man’s death; consumer panel finds insurer at fault, orders full payout with 6% interest
- GIC Re reports 9.7% profit jump to Rs 1,922 crore driven by improved claims and underwritingGeneral Insurance Corporation of India has announced a notable profit increase of 9.7 percent, attributed to enhanced performance in claims...14 Aug, 2026, 05.56 AM IST
- Corporate cover rates decline amid ample capacityInsurance rates for fire, cyber, professional indemnity and directors’ liability fell sharply in the June quarter as abundant capacity inte...14 Aug, 2026, 01.05 AM IST
- Cyber risks, EV batteries, breakdowns and more covered by this new motor insurance policy; check what all it offersMotor insurance is undergoing a transformation! Bajaj General Insurance introduces ProShield, specifically designed for defence personnel t...13 Aug, 2026, 05.48 PM IST
- 15% lifetime premium discount and pregnancy break for women; check what all this women-centric new term plan offersICICI Prudential Life Insurance has unveiled the ICICI Pru iProtect Smart Her, a dedicated term plan tailored for women. This plan features...13 Aug, 2026, 04.52 PM IST
- Supreme Court rulings set to raise insurers' third-party liabilityGeneral insurers face higher motor third-party claim reserves due to Supreme Court rulings. A recent ruling fixes homemakers' notional inco...13 Aug, 2026, 01.04 AM IST
- India plans insurance reforms to rein in healthcare costs, sources sayIndia is considering sweeping health insurance reforms to standardise treatment rates, coverage and billing, while expanding a nationwide c...12 Aug, 2026, 02.40 PM IST
- 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...11 Aug, 2026, 02.22 PM IST
- Insurer-hospital panel on the cards to resolve disputes, says General Insurance Council CEODr S. Prakash, CEO, Health Insurance Ecosystem & Strategic Partnerships, General Insurance Council, speaks to Preeti Kulkarni on policyhold...10 Aug, 2026, 12.10 PM IST
- Group term life: Why salary-linked insurance cover can matter after death and offer critical financial support to familyThe objective of life insurance is to provide a replacement income to the dependents of the deceased employee. That is why it is important ...10 Aug, 2026, 12.08 PM IST
- LIC weighing plans to invest in health insurance, fintech: R Doraiswamy, CEO, LICLIC said the government’s ₹31,552-crore offer for sale reflects investor confidence and helped achieve 10% public shareholding. The insurer...08 Aug, 2026, 05.32 PM IST
- Canada Class Action Lawsuit: $8.7 million settlement offers eligible Canadians up to $5,000 - Check who qualifies and how to claim compensationA court in Canada has given the green light for an $8.7 million settlement arising from a privacy breach that occurred in 2020. Canadians w...07 Aug, 2026, 10.47 AM IST
- LIC Q1 Results: Profit rises 23% YoY to Rs 13,492 crore, NPI up 7%LIC Q1 Results: India's leading insurer Life Insurance Corp (LIC) on Thursday reported a 23% year-on-year (YoY) growth in its standalone ne...06 Aug, 2026, 05.42 PM IST
- IRDAI asks insurers to fast-track Assam flood claimsInsurers must expedite flood claim settlements for affected policyholders. The regulator has directed immediate deployment of surveyors and...05 Aug, 2026, 01.07 AM IST
- Life insurer rejected Rs 70 lakh death claim, but consumer commission ordered it to refund Rs 7 lakh premium despite a lapsed policy; here's whyA life insurer denied a seventy lakh death claim after a policy lapsed. The policyholder had paid seven lakh as the first year premium. The...04 Aug, 2026, 10.54 AM IST
- LIC rejects claim saying past typhoid, jaundice were not disclosed: Court says the illnesses have no link to sudden heart attack that killed the policyholder; orders insurer to pay over Rs 10 lakhLIC rejects insurance claim saying policyholder hid illnesses: LIC rejected a death claim filed by a Guntur widow, arguing her husband had ...31 Jul, 2026, 09.58 AM IST
- Star Health Insurance Q1 Results: Profit jumps 25% to Rs 550 croreStar Health reported a twenty-five percent net profit increase for the first quarter. Total income rose to Rs 4,471 crore from Rs 3,990 cro...29 Jul, 2026, 09.28 PM IST
- 5 critical checks before buying health insurance policy to avoid claim rejectionsChoosing health insurance requires careful consideration of several important factors. Opting for a policy simply because it has a low prem...21 Jul, 2026, 12.58 PM IST
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