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Insurance firm not liable to pay compensation for death of persons driving rashly: SC

Insurance firm not liable to pay compensation for death of persons driving rashly: SC

by AIP Online Bureau | Jul 3, 2025 | Indian News, Non-Life

A bench of Justices PS Narasimha and R Mahadevan refused to grant 80 lakh compensation sought by the wife, son and parents of a man who died while driving a car at high speed. New Delhi: The Supreme Court has said insurance companies are not liable to pay compensation...
Axis Max Life Insurance reports cyber threat

Axis Max Life Insurance reports cyber threat

by AIP Online Bureau | Jul 3, 2025 | Eco/Invest/Demography, Indian News, Life, Risk Management, Technology, Workplace/Employee Benefits

Indian firms such as Angel One, Niva Bupa Health Insurance and Star Health, and HDFC Life Insurance have reported high-profile security breaches in the past 10 months. Cyber fraud cases in India jumped more than four times in fiscal 2024, causing losses of $20 million...

by AIP Online Bureau | Jul 2, 2025 | Workplace/Employee Benefits

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by AIP Online Bureau | Jul 2, 2025 | Workplace/Employee Benefits

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IRDAI drops plans to tweak existing bancassurance rules for curbing mis-selling by insurers

IRDAI drops plans to tweak existing bancassurance rules for curbing mis-selling by insurers

by AIP Online Bureau | Jul 2, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life

(L to R)-R Venkatachalam Iyer, MD & CEO Tata AIA, Amit Jhingran, MD & CEO SBI Life, Piyush Pandey, advertising professional, Swaminathan Iyer, member, Life, IRDAI, Kamlesh Rao, MD&CEO,ABSLI, RK Patnaik, MD, LIC, Rushabh Gandhi, MD&CEO India First at an...
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