'By quick, fast, and just awards, the insurance ombudsman can bring the trust of the policyholders in the insurance system and insurance as a product and create a positive impact on the entire industry.'
A former Metropolitan Police officer of Indian origin has pleaded guilty to his involvement in a 'crash for cash' scam in the UK, involving fraudulent personal injury claims after staged vehicle collisions.
Faridabad police have busted a fake call centre operating from Delhi and arrested six individuals involved in defrauding people by offering bogus bonuses on insurance policies.
A man in Rampur, India, has been arrested along with two associates for allegedly murdering his wife, a police constable, and their three-year-old son to fraudulently claim insurance money and other benefits.
Insurance companies have worked over the years to simplify their claim settlement process
The EPF should remain a retirement nest egg, not be turned into an emergency fund.
The Union government has informed the Bombay High Court that Agniveers are not "similarly situated" as regular soldiers and hence, cannot claim parity in pensionary benefits for their next of kin in the event of death in action.
Tata AIG General Insurance on Tuesday launched a new scheme -- Green Channel Settlement -- to make vehicle accident repairs and claims easier for consumers.
While investments are typically reviewed annually, risk cover is often left unchanged for years.
Dungarpur Police have arrested three individuals involved in an organized gang allegedly siphoning money from life insurance policies using forged documents, with the fraud involving approximately Rs 58 lakh.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
A Delhi Motor Accident Claims Tribunal has awarded over 2.46 crore to Lakhpat Singh, a Marine Commandos (MARCOS) diver, who suffered 88 per cent permanent disability in a 2018 road accident, severely impacting his ability to continue his specialised military career.
State-owned Bank of Baroda (BoB) reported a 72 per cent year-on-year (Y-o-Y) drop in net profit to 1,278 crore for Q1FY27 due to a $600 million out-of-court settlement related to NMC Health Plc. In contrast, Bank of India (BoI) saw its net profit rise by 36.23 per cent Y-o-Y to 3,068 crore for the same quarter, driven by healthy loan growth and improved asset quality.
It is important for both the insured and the nominee to know the process of insurance claim settlement. A false step can lead to denial of the benefit for which life cover is bought.
Donald Trump announced he is replacing the 20% reimbursement fee for securing the Strait of Hormuz with massive trade and investment deals from Gulf States into the United States, while maintaining a full blockade on Iranian ship traffic.
Gujarat's Director General of Police Gyanendra Singh Malik describes the devastating Air India crash in Ahmedabad a year ago, which killed 260 people, as the 'most painful' chapter of his career, highlighting the unprecedented speed of the emergency response and DNA identification process.
A Lok Adalat in Thane has awarded 1 crore in compensation to the family of an assistant security manager who died in a road accident in 2024.
'Dark patterns exploit human psychology, cognitive biases, urgency, confusion, or lack of attention to increase revenue for digital platforms at the expense of consumer choice and transparency.'
The Motor Accident Claims Tribunal (MACT) in Thane has awarded a compensation of 31.65 lakh to the family of a vegetable vendor who died in a road accident in 2017.
Young buyers often underestimate future health risks.
With winter holidays approaching, some Indian travellers will venture abroad. Many will be underprepared for medical and other travel-related risks. Trip disruptions, missed connections, and steep medical costs in developed countries can leave travellers exposed if they underestimate the coverage they need.
Shiv Sena (UBT) leader Sanjay Raut has written to the Mumbai Police Commissioner, seeking action against MP Sanjay Dina Patil for allegedly threatening to "throw bombs" at protesters and claiming to have "killed five people" in the past. Maharashtra Chief Minister Devendra Fadnavis has assured that police will take appropriate action against anyone issuing threats.
The Motor Accident Claims Tribunal (MACT) in Thane has awarded 7.76 lakh in compensation to a man who suffered permanent disability after being injured in a roadside accident in 2015. The tribunal rejected the insurer's claims of contributory negligence and breach of policy conditions.
NSE's draft prospectus discloses a legal dispute over 5,000 shares allegedly transferred by mistake into an individual investor's demat account.
Five members of the Agrawal family, including a chartered accountant, his wife, their two daughters, and his mother, were cremated in Gurugram after perishing in a devastating fire at a Malviya Nagar B&B. The family was in Delhi for the father's medical treatment, and the tragedy also claimed the lives of other relatives, leaving the community in profound grief.
Shiv Sena MP Sanjay Dina Patil allegedly abused and threatened journalists, prompting Deputy Chief Minister Eknath Shinde to ask him to express regret. The incident occurred after journalists questioned Patil about a letter from Shiv Sena (UBT) leader Sanjay Raut and his daughter's political stance, leading to a political controversy.
The loss of input tax credit (ITC) following the rationalisation of the goods and services tax (GST) on individual life and health insurance from 18 per cent to nil is may weigh on the profits of life insurers in the third quarter (Q3) of 2025-26 (FY26).
Of course, NOT! Here's why. And here's how you can increase your Rs 1 crore retirement corpus.
'All this talk about women's reservation and Nari Shakti is a mirage.' 'It is a classic Trojan horse to bring about an alteration in the structure of political competition -- to the enduring advantage of the BJP.'
If you have ever said 'I'll sort retirement later,' now is when 'later' begins.
Israeli Prime Minister Benjamin Netanyahu asserts that the joint US-Israel campaign against Iran is progressing successfully, highlighting Israel's strengthened position and hinting at new regional alliances.
A quick guide to getting an auto insurance claim.
Rajesh Mehta, Chairman of Rajesh Exports, has distanced his firm from LIC's investment decisions, stating, "We don't even know where LIC's office is. We have no contact, no connection. This decision of buying shares through the secondary market is their own decision in a prudent commercial manner."
Wedding insurance goes far beyond protecting against cancellations.
India Post is reinventing itself from a traditional mail service into a modern logistics, e-commerce, and real estate powerhouse. Several post offices situated inside major university campuses, called Gen Z post offices, have received a facelift, with cafe-like decor and wi-fi availability.
Motor insurance claims will also come in, due to the extensive damage to vehicles.
Insurance companies are processing a surge of claims related to the Air India plane crash in Ahmedabad, including travel, personal accident, and life insurance claims.
'Pick a sum insured that realistically covers major hospitalisation costs in your city.'
'Reviewing terms such as war, invasion, acts of foreign enemies or hostilities, which often appear in industry exclusion lists, can help avoid surprises at the time of claim.'
