Police in Kollam are investigating a suspected insurance fraud in connection with a medical store fire that occurred in August. An employee has been arrested, and the owner is also under scrutiny after investigations revealed the fire was allegedly set deliberately to claim Rs 77 lakh in losses.
Buying a policy is only the beginning. Health insurance is a long-term commitment that needs regular review as your age, health needs and family circumstances change.
Here are nine lessons, one for each night of the Navratri festival, that can help any household think about protection clearly.
If a bank sold the policy, complain to its grievance cell and, if necessary, escalate the complaint to the Reserve Bank of India Ombudsman.
The Chhattisgarh government has blacklisted Oriental Insurance Company Limited (OICL) for three years on Wednesday. This action follows OICL's rejection of an insurance claim for a government helicopter that crashed in May 2022, killing two pilots. The claim was rejected in August this year after being pending for more than four years, leading the state to pursue administrative and legal remedies.
The Goods and Services Tax (GST) Council has announced that Input Tax Credit (ITC) will now be available on health and life insurance policies provided by employers to their employees, a move expected to significantly reduce costs for businesses, especially MSMEs.
Oriental Insurance has insured around 100 Ganesh pandals this year compared with only 20-30 last year.
Buyers should check their scope and triggers and whether they need such policies alongside their regular health insurance.
Property insurance premium rates are increasing by 25-30 per cent, primarily due to a reduction in discounts, following substantial claims from natural calamities like the Gujarat floods, which caused an estimated 5,000 crore in losses.
The removal of Goods and Services Tax (GST) on individual health and life insurance has led to a significant increase in new policy purchases and higher coverage levels, despite an initial surge moderating, according to industry experts.
The Insurance Regulatory and Development Authority of India (Irdai) has proposed a phased reduction in the expenses of management (EoM) limits for insurers, aiming to lower the overall cost of insurance and enhance returns for policyholders. The proposals also include a new framework for commissions, stricter measures against mis-selling, and mandatory cost audits.
Life Insurance Corporation of India (LIC) is facing a thinning of its top management as Managing Director Dinesh Pant exits to join Irdai, leaving one of four MD posts vacant. This comes amidst broader staffing challenges across several public sector insurers and a headless Financial Services Institutions Bureau (FSIB).
PAYD suits infrequent drivers who can estimate annual mileage.
InsuranceDekho and RenewBuy have merged to establish India's largest artificial intelligence (AI)-enabled insurance distribution platform, targeting a significant premium book and extensive reach across the country.
Flood insurance claims can be rejected or reduced if homeowners do not understand what their policy actually covers.
Andhra Pradesh Chief Minister N Chandrababu Naidu announced several new initiatives for Tirumala Tirupati Devasthanams (TTD), including Aadhaar-based devotee insurance for Rs 2 lakh, the establishment of an SV Museum by TCS Trust, and the introduction of electric buses donated by Reliance Foundation and Bharat Biotech. The plans also include global expansion of Srivari temples, improved Annadanam, integrated hospital services, and significant infrastructure development in Tirupati to make it a services and wedding destination with a Net Zero concept.
The merged InsuranceDekho-RenewBuy entity aims to significantly expand its distribution network across India, offering insurance, mutual funds, and loans, with a strong focus on 'Bharat' (rural India), according to CEO Ankit Agarwal.
The Insurance Regulatory and Development Authority of India's (Irdai) recent actions against insurers for breaching expense of management (EoM) limits indicate a serious commitment to enforcing operating and distribution cost controls, according to industry experts.
Dedicated Ayush dispensaries increased from 26,130 in 2013-2014 to 37,804 in 2024-2025, while hospitals rose much more slowly, from 3,605 to 3,885.
Jio Platforms' initial public offering has garnered an overwhelming institutional demand of approximately Rs 2.5 lakh crore, significantly exceeding its Rs 8,110-crore anchor book, with global and domestic investors vying for a stake in the Reliance Industries subsidiary.
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Canadian billionaire Prem Watsa's Fairfax Financial Holdings will utilise the expertise of Deepak Parekh and Paresh Sukthankar, former HDFC leaders, as it moves to acquire a 60.72 per cent stake in IDBI Bank for 52,878 crore, with N S Kannan proposed as chairman.
The Insurance Brokers Association of India (IBAI) has warned that the IRDAI's proposed overhaul of insurance distribution practices could lead to a 70 per cent fall in revenues for intermediaries and result in 10 lakh job losses, citing concerns over the tight feedback deadline and the global uniqueness of the proposed architecture.
Many claim disputes arise not because the insurer refuses to pay but because policyholders don't know the claim process, miss important documents or misunderstand what their policy covers.
Protect your vehicle from the unpredictable monsoon season by understanding essential motor insurance add-ons like Engine Protect and Zero Depreciation, crucial for covering damages from floods, waterlogging, and preventing costly out-of-pocket expenses.
Insurers are bracing for claims worth nearly 5,000 crore from the recent floods in Gujarat, predominantly for property losses, though they do not foresee an increase in premiums within the competitive property insurance market.
Understanding a product and assessing its suitability improve the chances of staying invested. Use life insurance mainly to cover risk, not to seek returns.
Jio Platforms Ltd's Rs 30,213-crore initial public offering (IPO) achieved full subscription within 100 minutes of opening, making it the fastest among India's mega issues, surpassing previous records set by companies like Reliance Power.
Jio Platforms Ltd, the digital and telecom arm of Reliance Industries, is poised to launch India's largest-ever initial public offering (IPO) at Rs 30,213 crore, surpassing Hyundai Motor India's Rs 27,870-crore offering.
Compare premiums, claim settlement ratios, exclusions, waiting periods and surrender provisions.
Marriage alone does not make a spouse liable for debt. The extent of liability depends on whether the spouse signed as a co-borrower or guarantor, or inherited assets.
Families, especially those with a history of these ailments, must prepare before an emergency strikes.
A consumer disputes commission in Mumbai has directed National Insurance Company Ltd to pay a liquor wholesaler over 1.2 crore for stock ruined during the 2017 Mumbai floods, deeming the claim rejection 'arbitrary and unreasonable'.
'We see a lot of cases of bank deposits getting lost, especially when people die, so this will help address that because you have one consolidated view.'
The Indian Cabinet has approved Fairfax Financial Holdings' Rs 52,878 crore bid to acquire a 60.72 per cent stake in IDBI Bank, marking the country's largest foreign direct investment in the financial sector.
Jio Platforms' initial public offering has shattered global records by receiving over one crore applications, underscoring immense investor confidence in the company's ambitious plans for technology, AI, and cloud services, with the IPO subscribed almost seven times overall.
Here's decoding the fine print so that you know exactly what your health insurance policy covers, what it doesn't and the policy conditions that deserve your attention before you need to make a claim.
The National Payments Corporation of India (NPCI) has deferred the implementation of a 0.4 per cent Merchant Discount Rate (MDR) on Person-to-Merchant UPI transactions above Rs 2,000. Originally set for October 15, the new date will be announced after Diwali, providing relief to users and merchants, especially during the festive season. The decision came amidst opposition concerns about the levy burdening consumers.
Jio Platforms Ltd's (JPL) public offer, valued at Rs 30,213 crore, was fully subscribed within 100 minutes of opening, making it the fastest-ever subscribed IPO in India, driven by strong institutional demand.
The Indian government has approved the sale of a 60.72 per cent stake in IDBI Bank Ltd to Canadian billionaire Prem Watsa's Fairfax Financial Holdings Ltd for approximately 52,878 crore, a move that reflects improving India-Canada ties and marks a significant turning point for the bank.
