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Insurance claim rejected over "undisclosed" clause, woman wins Rs 2. 26 lakh payout
2+ hour, 22+ min ago (128+ words) The commission noted that insurance companies show all types of green pastures to the customer at the time of selling insurance policies, but invent all sort of excuses to deny the claim....
Insurer fails to prove "pre-existing" breast cancer, policyholder gets Rs 1. 3 lakh payout
2+ day, 7+ hour ago (578+ words) A consumer body in Himachal Pradesh has directed Niva Bupa Health Insurance Company to reimburse Rs 80, 439 to a policyholder after finding no evidence that his wife had concealed pre-existing cancer while purchasing the policy. It also awarded Rs 50, 000 as compensation…...
Insurer's "hidden illness' excuse backfires: Consumer court orders Rs 50. 60 lakh payout
4+ day, 4+ hour ago (210+ words) The Assam State Consumer Disputes Redressal Commission was hearing a complaint filed by a son against HDFC Standard Life Insurance after it refused to pay his father's death claim....
Heart disease insurance claim wrongly denied, man wins Rs 3 lakh consumer payout
1+ week, 22+ hour ago (36+ words) The district consumer forum noted that Insurance companies, in their eagerness to sell insurance policies, often do not fully disclose all terms and conditions of policy to consumers, and instead, they highlight only benefits of policy....
Bank of Baroda shells out Rs 5, 700 crore to settle court cases with UAE's NMC group | Business News
1+ week, 1+ day ago (266+ words) Bank of Baroda NMC Health settlement ends years of cross-border insolvency litigation after the lender agreed to pay $600 million without admitting liability....
Why IRDAI has brought in a statutory body to curb dark patterns in insurance
1+ week, 2+ day ago (114+ words) IRDAI's crackdown on dark patterns aims to curb insurance mis-selling through tighter regulations, industry monitoring, and reforms to improve transparency and consumer confidence....
Insurer can't deduct pre, post-hospitalisation expenses, policyholder gets Rs 1. 95 lakh
2+ week, 5+ day ago (358+ words) After receiving less than one-third of his claimed medical expenses, a policyholder approached the consumer court, which found the insurer guilty of deficiency in service....
Consumer court raps health insurance firm over "wrongful" claim rejections
3+ week, 9+ hour ago (350+ words) Written by Yashaswi Singh A CONSUMER court in Ahmedabad has ruled against New India Assurance Co Ltd for "wrongfully rejecting" four medical insurance claims of a minor child with Rett Syndrome, holding that insurers cannot deny reimbursement for unrelated illnesses…...
Woman wins Rs 82, 000 after insurer denies tongue cancer treatment claim over "non-disclosure
3+ week, 4+ day ago (157+ words) The consumer body of Jalandhar noted that the woman had ported her insurance policy from United India Insurance Company to Religare Health Insurance in 2015....
Insurer fails to prove pre-existing disease led to woman's illness, court awards Rs 10. 5 lakh
3+ week, 4+ day ago (550+ words) Finding that the insurer had failed to establish that a policyholder's treatment was linked to a pre-existing disease, the Delhi consumer commission has directed National Insurance Company to reimburse Rs 10 lakh with 7 per cent annual interest and Rs 50, 000 as litigation…...
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