Insurance company News

The tribunal in its order had noted the victim was the sole bread-earner of his family. The insurance company in its appeal said the compensation amount was exorbitant and excessive and that the tyre burst was an act of God and not negligence on the part of the driver.

You can borrow a loan against an insurance policy. NBFCs or banks provide loans against policy at low-interest rates. After document verification, the loan is sanctioned after some time.

The court said there was no evidence to prove that the patient suffered from lung cancer due to his addiction to smoking, apart from the mention of "addiction smoking" on the treatment papers.

Future Generali Insurance Company on Thursday insured the Telugu movie 'Baahubali 2' for over Rs 200 crore under its film package insurance product.

With Max Financial Services getting merger approval from minority shareholders, the amalgamation of Max Life and HDFC Life is likely to be completed in the next 12 months.

If an employee is murdered while performing his duty, he is eligible for compensation under the Employees Compensation Act, a Thane court has held.

Kotak General Insurance has received permission to underwrite all classes of general insurance business (including health insurance).

The apex consumer commission has imposed a punitive cost of Rs 10 lakh on a public sector insurance company for wrongly denying claims of several people, saying such firms "are always at their best in defeating noble objectives of any welfare scheme".

British financial services provider Standard Life has agreed to sell its Canadian activities to Manulife of Canada for £2.2 billion ($3.6 billion, 2.8 billion euros), it said on Thursday.

The Insurance Amendment Bill is pending passage in Parliament as several opposition parties, including Congress, are opposing the Bill in its present form.

The share of life insurance as part of personal finance portfolio is declining and its penetration has also been adversely affected.