INSURANCE


Sponsored Post 19 August 2025
Planning a holiday, whether to a quiet beach in Southeast Asia or a bustling European capital, is exciting. But amid flight bookings, hotel reservations, and itinerary planning, one critical element often gets overlooked: insurance. While it may not seem as thrilling as choosing a luxury resort...

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Moneylife Digital Team 13 August 2025
The US department of justice (DoJ) has declined to prosecute Liberty Mutual Insurance Company for violations of the Foreign Corrupt Practices Act (FCPA), despite finding evidence that employees of its Indian subsidiary, Liberty General Insurance (LGI), paid US$1.47mn (million) in bribes to...

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Moneylife Digital Team 05 August 2025
In a scathing rebuke, the national consumer disputes redressal commission (NCDRC) has blasted the Life Insurance Corporation of India (LIC) for what it termed as 'shocking insensitivity' after its officials issued a letter demanding premium payment, addressed to a deceased policyholder.   The...

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Moneylife Digital Team 08 July 2025
In a landmark decision addressing the grievances of more than 100 farmers from Parbhani district from Maharashtra, the national consumer disputes redressal commission (NCDRC) has pulled up the National Insurance Company Ltd for adopting an 'unreasonable and mechanical' approach in denying or...

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Moneylife Digital Team 25 June 2025
In a significant order reaffirming consumer rights and protection against arbitrary insurance claim denials, the national consumer disputes redressal commission (NCDRC) has dismissed a revision petition filed by SBI Life Insurance Company Ltd (SBI Life). The insurer had contested earlier orders...

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Sponsored Post 17 June 2025
Term insurance plans are simple and useful ways to protect your family’s future. If something happens to you, a term plan gives your family a fixed amount of money. This money helps them manage day-to-day life, pay off loans, or cover important costs. It brings peace of mind, knowing your loved...

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Moneylife Digital Team 09 June 2025
In a significant consumer protection ruling, the national consumer disputes redressal commission (NCDRC) has directed Reliance General Insurance Company Ltd to pay Rs15 lakh to a Himachal Pradesh woman who lost her husband in a road accident, along with 9% interest per annum (pa), Rs20,000 as...

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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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