Monday, 23 May, 2022
TopicInsurance

Topic: insurance

In 5 yrs, only 18% of probe complete in UP fake claims cases: Why SC slammed SIT for ‘lethargy’

Allahabad HC had set up an SIT in 2015 when instances of fake compensation claims were brought to its notice. But lack of movement on the probe pushed SC to comment adversely.

HDFC Life to acquire rival Exide Life Insurance in Rs 6,687-crore deal

HDFC Life will acquire 100% stake in Exide Life Insurance, which has a strong foothold in South India, especially in tier 2 and 3 towns.

Every child has right to use mother’s surname, Delhi HC says

The observation came in response to plea by a father seeking direction to the authorities to reflect his name as his daughter's surname in the documents instead of her mother's name.

Virat Kohli-backed Indian fintech startup reaches $3.5 billion value

The startup, Digit, is trying to win insurance customers via mobile technology and expand India’s base of the insured by making the process of buying cover, receiving payments easier.

Govt quickens process to get insurance claims for health workers fighting Covid

In order to simplify the process, a district collector will be issuing a certificate and the insurance company will approve and settle the claims within a period of 48 hours.

Credit insurance protects businesses and allows growth in these times of uncertainty

After a decade of being left out in the cold, it seems like Indian banks and financial institutions will be allowed access to the credit insurance market again.

Delhi HC asks insurance companies to reduce delay in processing claims of Covid patients

Two benches of the Delhi High Court took note of delays in the issuance of no-objection certificates for Covid patients by insurance companies that are needed for discharge.

Directors & Officers insurance — significance, complexities & why the policy is needed

Directors & Officers policy acts as a lifeline for directors and senior officers providing coverage for loss arising from claims made during policy period.

74% FDI in insurance: What this means for policy holders, Indian companies & promoters

Rajya Sabha Thursday cleared bill that allows more foreign investment flowing into India. Find out how this could change the industry, what are the safeguards for policy holders & more.

Rajya Sabha passes bill to raise FDI in insurance sector to 74%

Explaining the decision Thursday, Nirmala Sitharaman said insurance companies are facing liquidity pressure and the higher limit would help meet the growing capital requirement.

On Camera

YourTurn

Inflation made luxury cars even more expensive but sales remain in fast lane. See Mercedes

For years, the luxury car market in India was biased towards the entry-level. But today, cars below Rs 40 lakh account for the smallest fraction of sales.

World’s $300 trillion in debt. Here’s what it means for services like health, education

To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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