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Life insurers see 5-10x increase in Covid claims
The high mortality rate amid Covid-19 has increased claims for life insurance companies by 5-10 times for April 2021
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Car swallowed up by sinkhole: Will insurance cover it?
The motor insurance policy has two components- own damage and third-party cover
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Nirmala Sitharaman appreciates insurers for faster claim settlement under PMSBY, PMJJBY
Amid the ongoing pandemic, under PMJJBY and PMSBY the claim settlement period has been reduced to 7 days from 30 days with complete digitalisation of
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How to manage finances of a deceased person
It is important that the family knows how to deal with the financial matters of the deceased member and does not suffer from any harassment
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Restrictive insurance practices now a historic disservice
While Covid-related claims might have gone up, other claims, both medical and general, have gone down.
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How to claim vehicle insurance for damages caused by cyclones
The Own Damage (OD) section of the motor insurance policy covers any damage caused to the insured vehicle due to a natural disaster/calamity
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Wife not entitled to insurance money if not contributed by deceased husband: HC
In case the deceased husband had not made any contribution towards premium, there is no justification on the wife's part to seek her share, Justice S
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IRDAI asks insurers for speedy claims settlement in areas hit by cyclones Tauktae, Yaas
IRDAI has asked life insurance companies to initiate immediate action to ensure that all reported claims are registered and eligible claims are settle
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Bajaj Allianz Life settles claims worth Rs 700 crore in FY21
Of the total claims settled during 2020-21, nearly five per cent were on account on coronavirus-related deaths
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Health Insurance: From June 1, policyholders to get renewal reminders from insurers
From June 1 all general insurers have to send a renewal notice one month before the expiry of the policy, including the premium amount due
