Page 3 - Insurance Claims

Covid claims filed with insurers reach 475,000, of which 325,000 settled

Insurers to take a major hit with huge spike in August and September; tapering seen in October may bring some relief

India Coronavirus Dispatch: Prison staff fear spurt with returning inmates

Insurance claims of 77 BMC staff rejected, New cases in Mohali dip, and does the annual flu shot make a good vaccine?--news on how the country is coping with the pandemic

Insurance claims related to coronavirus treatment rise in September

Overall, coronavirus cases have been on the rise, especially in few states. The recovery rate is also high

Reported Covid-19 insurance claims at 192,863 worth over Rs 3,000 cr

As many as 121,739 claims settled by insurers so far, amounting to Rs 1,165.81 crore, revealed claims data of General Insurance Council

Driver's negligence can lead to owner's claim rejection

Failure to safeguard the vehicle constitutes a breach of the terms and conditions of the policy and absolves the insurer of liability to compensate

Non-life insurers receive more than 100K Covid-19 claims worth Rs 1,644 cr

While initially, the claim amount was high, it has now moderated with many states prescribing a standard treatment rate for Covid-19

Insurers see over 90,000 Covid-related claims worth Rs 1,463 crore

State-wise data shows, Maharashtra, which has recorded the maximum number of cases in the country, has the maximum claims coming in, followed by Tamil Nadu, Delhi, Gujarat, and Karnataka

Insurers discuss growing need for policy to claim Covid-19 losses

The discussions are at an initial stage and no timeline has been fixed on when such a product will come out

Digitised selling, servicing of insurance get a fillip amid pandemic

Insurers have made a leap from manual paper-bound process to end-to-end paper-less or digital-based selling through all the channels of distribution

General insurers brace for a rise in non-Coronavirus claims after lockdown

This, in turn, will impact the loss ratio of insurers in the health segment

Master the claim procedure to cope better during emergency in family

With the onset of this pandemic, policyholders should now take the next crucial step of understanding how to go about filing a health insurance claim

What are the implications of overdue premium? Here's what expert says

If the premium payment remains overdue even after the grace period, the policy lapses and usually the benefits of the policy are no longer available to the policyholder

Insurers see rise in health claims; lockdown reduces motor segment demands

Fewer claims are supposed to improve the insurers' loss ratio in the motor segment, but the industry is divided on this

Covid-19 crisis: Insurers cannot decline death claim settlements

All life insurers, both public and private, are committed to process any death claim pertaining to COVID-19 at the earliest,the Council said in a statement

Coronavirus: Trade credit insurance sector may see rise in claims

Trade credit insurance covers a supplier of goods and services against the risk of non-payment by its customers because of wilful default or insolvency

Insurers to pay penal interest for delay in settling health claims

The regulator on Monday issued an exposure draft on guidelines on standardisation of general clauses in health insurance policies contracts

Compensation for unfair rejection

The insurer claimed that Jawadkar's wife had committed suicide. However, it could not produce any proof of the same

Can't reject claims based on new issues

An insured who is aggrieved by the repudiation of this claim can challenge the repudiation by filing a consumer complaint

Insurance claim can't be denied due to delay in filing it: Supreme Court

If the reason for the delay in making a claim is satisfactorily explained, such a claim cannot be rejected: SC

Consumer Protection: Insurer liable to pay interest for delay

However, invariably there are inordinate delays in settlement