Latest claim settlement ratio of health and general insurers released by IRDAI in 2026: Acko, Aditya Birla, Galaxy lead; Shriram, IFFCO Tokio fall below 90%
When it comes to health and general insurance policies, policyholders expect prompt claim settlements from insurers in times of emergency. The real test of any insurance policy lies in how fairly and quickly claims are settled. To gauge an insurer's efficiency, checking the claim settlement ratio is a reliable way. The Insurance Regulatory and...
The Supreme Court has stayed an order directing an insurer to pay Rs 82.80 lakh to cricketer S Sreesanth on account of an injury he sustained during the Indian Premier League (IPL) 2012.
The Supreme Court has stayed an order by the National Consumer Disputes Redressal Commission (NCDRC) that directed an insurance company to pay Rs 82.80 lakh to a company that had contracted players for the Indian Premier League (IPL) team Rajasthan Royals. The claim was made due to a knee injury suffered by cricketer S Sreesanth during a practice...
Aviva has launched a private clients unit through an expansion into the Lloyd’s of London market.
Aviva has launched Aviva Private Clients, a new initiative that marks a significant expansion of its high-net-worth insurance business into the Lloyd's of London market. This move gives Aviva a wider operating scope, enabling it to handle complex risks and cater to affluent clients with diverse asset holdings across multiple countries and...
A consumer forum has ordered an insurance company to provide compensation due to a delay in settling a claim.
The Ernakulam District Consumer Disputes Redressal Commission has ordered United India Insurance Company to pay a compensation of Rs 35,000 to a policyholder, Jabeen L Zacharias, due to a delay in settling her claims and deficiency in service. The compensation includes payment for deficiency in service and unfair trade practice. Zacharias had...
Aviva Awards €140,000 to 58 Charities Across Ireland
The Aviva Broker Community Fund has awarded a total of €140,000 to 58 charity and community organizations across Ireland. The fund, now in its eighth year, enables brokers and financial advisors to nominate causes that make a real difference in their communities. This year, 155 entries were received from brokers and financial advisors nationwide,...
PGIM India Asset Management has attracted interest from Groww and Edelweiss.
Prudential Financial's asset management business in India, PGIM India Asset Management, has received acquisition proposals from at least two domestic firms, according to sources cited by Bloomberg. Groww Asset Management, backed by State Street Investment Management, and Edelweiss Asset Management have each submitted bids for the company....
The annual premium for the Chief Minister’s Comprehensive Health Insurance Scheme (CMCHIS) exceeds ₹1,200 crore, which is paid to the insurance company.
The Chief Minister's Comprehensive Health Insurance Scheme (CMCHIS) in India's Tamil Nadu state has provided health insurance benefits to over 1.45 crore families. The state government has paid an annual premium of ₹1,237.80 crore to the United India Insurance Company, which includes ₹1,173.66 crore for the coverage period from January 11, 2026,...

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