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Insurance Claims Cannot Be Repudiated On Technical Grounds: Consumer Forum [Posted by: InsuringIndia News on Friday, July 25, 2014 12:00 AM ]

The Thane District Consumer Redressal Forum (TDCRF) on Wednesday directed a private insurance firm, Future Generali India Insurance Company to pay the complainant the claim amount of Rs 1.5 lac and also Rs 25,000 towards legal expenses.

In its order, the Forum President Mr. Umesh Jhavalikar and Member ND Kadam stated that even if there is violation of the conditions in the insurance policy the insurance company cannot reject the claim taking shelter under 'technical reasons'.


Insurance Bill Gets Cabinet Nod [Posted by: InsuringIndia News on Thursday, July 24, 2014 12:00 AM ]

The Cabinet Committee on Economic Affairs (CCEA), one of the standing committees of the cabinet constituted by the Government of India, on Thursday approved Insurance Laws (Amendment) Bill, which proposes to raise Foreign Direct Investment (FDI) cap in insurance to 49 per cent from current 26 per cent.

In a meeting of the CCEA, headed by Prime Minister Mr. Narendra Modi, the cabinet approved 49 per cent foreign investment in Indian insurance market through the Foreign Investment Promotion

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Insurance portal InsuringIndia.Com launched
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Insurance portal InsuringIndia.Com launched
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