Insurance Claim

While it will be called the fertiliser pool with a corpus of Rs 500 crore, it can be used to cover the risks of oil and gas imports too

The verdict came on a plea of Narsingh Ispat Ltd, the insurance claims of which under the Standard Fire and Special Perils Policy, was repudiated by the Oriental Insurance Company Ltd

The claim cost could be 10 to 30 per cent cheaper when the insurance is bought from public sector insurers that have GIPSA rates compared to the service provided by private insurance firms, it said

Till July 15, a total of 921 doctors and healthcare workers have been paid insurance claim of Rs 50 lakh each under the Pradhan Mantri Garib Kalyan Package (PMGKP) scheme for Covid warriors

As of June 11, more than 1.8 million claims have been reported to the insurers amounting to Rs 24,397.35 crore

Make sure that the payout is not restricted to detection at stage III or IV

In cases where the bariatric surgery is performed for cosmetic purposes, the insurer is not liable to pay

Insurers will be guided by referral rates while processing hospitalisation claims. If actual charges exceed referral rates due to various medical exigencies, insurers will consider them while processi

The reason we need standardisation is because it will smoothen the process for customers as there won't be any dispute with hospitals, says Bhargav Dasgupta, ICICI Lombard MD & CEO

A weekly selection of key court orders

During the tenure of the policy, an abnormal noise suddenly started emanating from the spindle in the tool box

Pending cases at all-time high in district, state and national forum, touching 90% in some states

Insurers cannot reject claims mechanically, but experts say policyholders shouldn't take undue liberties with insurers' timeline for filing claims