INSURANCE


Moneylife Digital Team 06 June 2025
India’s top-15 banks earned a staggering Rs21,773 crore in commissions from selling life insurance, mutual funds and other financial products in FY23–24 — much of it by promoting schemes from their own group companies. In the case of Kotak Mahindra Bank, 100% of the life insurance commissions...

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Moneylife Digital Team 03 June 2025
The national consumer disputes redressal commission (NCDRC) has upheld a compensation award of Rs25 lakh and costs against Max Life Insurance Co Ltd, directing the insurer to pay the assured amount along with interest and costs to a Chandrapur-based widow, whose husband’s death insurance claim...

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Moneylife Digital Team 30 May 2025
In a significant judgement, the national consumer disputes redressal commission (NCDRC) has directed ICICI Lombard General Insurance Company Ltd to pay Rs2.99 crore along with interest to a Mumbai-based widow, holding that the insurer had unfairly rejected her claim on technical and ambiguous...

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Sponsored Post 30 May 2025
The insurance sector has grown immensely in the past few years, resulting in many companies offering various options and policy benefits. Today, you can easily search, compare, and buy term insurance online with a few clicks.   However, knowing the fundamentals of term insurance is essential...

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Sponsored Post 29 May 2025
When you buy health coverage for your family for the first time, you need to do a lot of research, comparison and decision-making. Only after confirming every aspect of a health insurance policy do you choose the best one for your family’s protection.    However, as your children grow and...

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Sponsored Post 28 May 2025
For every bike enthusiast, their bike is more than just a ride—it's freedom, convenience, and often, a style statement. But with great rides come great responsibilities, and bike insurance is one of them. However, with so many options available, riders often make the mistake of going for a...

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Moneylife Digital Team 27 May 2025
In a significant win for insurance policyholders, the national consumer disputes redressal commission (NCDRC) has dismissed an appeal filed by Birla Sun Life Insurance Co Ltd, upholding a 2014 verdict that directed the insurer to pay Rs21 lakh to a Telangana-based widow after the death of her...

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Sponsored Post 26 May 2025
When you search for car insurance, you mainly come across three policy types: third-party policy, own-damage policy, and comprehensive car policy. The comprehensive policy offers holistic coverage and protects you against the damages that both parties sustain in case of unexpected events like...

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Sponsored Post 23 May 2025
Mumbai (Maharashtra) [India], May 21: Women prioritise their health at all stages of life. The Body Mass Index (BMI) is a vital metric for tracking physical health. This simple calculator determines if a woman's weight is within a healthy range for her height.   In India, where health...

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Sponsored Post 19 May 2025
Ensuring employee safety at the workplace is the employer’s responsibility. Providing them with top-notch safety can be done through investment in a good workers' compensation policy.   However, the task of choosing the right policy is a daunting one, given the myriad of options that are...

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Moneylife Digital Team 02 May 2025
The national consumer disputes redressal commission (NCDRC) has upheld an order directing the State Bank of Travancore (SBT), now State Bank of India (SBI), to refund the outstanding loan amount and pay compensation to the widow of a deceased home loan borrower, holding the bank accountable for...

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Sponsored Post 29 April 2025
Yes, having a personalised investment strategy is crucial. One that fits your income, your goals and how much risk you are comfortable taking. But in all the talk of returns and asset allocation, one piece often gets left out — protection.   A term insurance plan may not seem like an...

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A major fire insurance claim dispute involving Oriental Insurance Company Ltd led to a series of right to information (RTI) applications, in which the applicant requested information pertaining to his factory that was gutted and subsequently filed a complaint with the central information...

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Sponsored Post 14 April 2025
Most people consider Life Insurance primarily as a tax-saving tool. While it does offer tax benefits, its true value lies much deeper. With Term Insurance plans, you gain more than just financial relief—you secure peace of mind, long-term financial stability, and the assurance of a protected...

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Sponsored Post 14 April 2025
Life insurance plays a crucial role in financial planning, ensuring financial security and stability for individuals and their families. It is a strategic tool that provides a safety net in case of unforeseen circumstances. Understanding the key benefits of life insurance helps individuals make...

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Sahyaja MS (Bar  and   Bench) 04 April 2025
The Bombay High Court on Friday ruled that amounts received by a claimant under a mediclaim policy or medical insurance policy cannot be deducted from the compensation awarded under the Motor Vehicles Act (MV Act). (The New India Assurance Co. Ltd v Dolly Gandhi)   A three-judge bench of...

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Health insurance is something we all recognise as necessary, but few of us truly understand its complexities. Given its cost, one would expect transparency; yet, policies remain opaque. Most people buy insurance based on recommendations, the premium amount, or what an agent tells them—often...

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Moneylife Digital Team 25 March 2025
Shares of Star Health and Allied Insurance Company Ltd hit their 52-week low at Rs345.45 on Tuesday following a report about the Insurance Regulatory and Development Authority of India (IRDAI) likely to take action against the insurer for serious lapses in claims settlement...

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Moneylife Digital Team 18 March 2025
Bajaj Finserv Ltd decided to buy the entire 26% stake of Allianz SE of Germany in the Bajaj group's insurance joint ventures (JVs), Bajaj Allianz General Insurance Company Ltd (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC). Bajaj Finserv is paying Rs24,180 crore to Allianz for the 26%...

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Moneylife Digital Team 17 March 2025
In a landmark development for India's insurance sector, the Insurance Regulatory and Development Authority of India (IRDAI) has granted a certificate of registration to Valueattics Reinsurance, marking the end of General Insurance Corporation of India's (GIC Re) five-decade monopoly in the...

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