NEARLY a third of all insurance claims registered and outstanding in FY2024 remain unpaid, data of Insurance Regulatory and Development Authority of India (IRDAI) reveals. A related survey also shows that despite the regulator's changes to improve service standards, policy owners still face myriad problems.
The insurance regulator's report reveals that insurers registered over 3 crore claims during the year for ₹1.1 lakh crore, in addition to the 17.9 lakh claims for ₹6,290 crore outstanding from earlier years. Of these claims, insurers paid nearly 2.7 crore claims, amounting to ₹83,493 crore. This represents 82% of the reported claims by volume and 71.3% by value. Of the claims that were not paid, ₹15,100 crore worth were "disallowed according to terms and conditions of the policy contract".
Esta historia es de la edición January 03, 2025 de The New Indian Express Hyderabad.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 03, 2025 de The New Indian Express Hyderabad.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
FC Goa Secure a Narrow Win Over East Bengal FC
FC Goa defeated East Bengal FC by 1-0 at the Jawaharlal Nehru Stadium in Goa in the Indian Super League (ISL) 2024-25 on Sunday.
Indian Optimism Awaiting A Trumpian Order
We are dealing with a superpower seeking to reconcile multiple interests in a challenging global environment. Convergence of interests does not translate to a congruence of actions
World No 1 An Se-Young lives up to billing at India Open
Pornpawee Chochuwong stood bemused in the middle of the court.
Alcaraz sets up last eight date with Djokovic
ALEXANDER Zverev warned on Sunday he can \"do a lot of damage\" at the Australian Open but is wary of \"smart\" quarter-final opponent Tommy Paul.
3,000 Attend Meeting on Promoting Telugu Language
SEVERAL speakers stressed the need to preserve the Telugu language at the Telugu Sangamam Sankranti Sammelanam-2025 held in Narsingi, Hyderabad.
Maritime drill in Indian Ocean as Quad foreign ministers set to meet
WHILE the maritime forces of the Quad nations are together exercising in the Indian Ocean as part of a multinational exercise, the foreign ministers of India, Australia and Japan are expected to meet a day after Donald Trump takes oath as the 47th US President on January 20.
Portal alleges Hindenburg's link with fund
NATE Anderson, 'activist' short-seller who has announced shutting down his almost eight years old research firm Hindenburg, is under cloud for alleged links with hedge funds in preparing reports targeting companies, a Canadian portal said citing documents filed before a court in Ontario.
Mysterious illness toll rises to 17, Centre's team reaches Rajouri
A high-level inter-ministerial team formed by Home Minister Amit Shah on Sunday visited J&K's Rajouri district where a mysterious illness is wreaking havoc, killing another person in Budhal village and taking the death toll to 17.
Covid remains a distant memory in Wuhan
BUILT in just days as Covid-19 cases spiked in Wuhan in early 2020, the Huoshenshan Hospital was once celebrated as a symbol of the Chinese city's fight against the virus that first emerged there.
Techie loses ₹2.8 crore to fraudsters in gift scam
AFTER the 'dubious parcel at Customs' scam and 'digital arrest' scare, cyber fraudsters have come up with a new trick to reach your money: a gift of a free mobile or tablet which gladdens the receiver.
