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Govt directs banks to increase awareness of claim eligibility in Jansuraksha insurance schemes

Govt directs banks to increase awareness of claim eligibility in Jansuraksha insurance schemes

by AIP Online Bureau | Oct 6, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life, Policy

Sanjay Lohiya,secretary, Department of Financial Services , also asked banks to enrol all new beneficiaries of PMJJBY & PMSBY through the Jan Suraksha portal as the portal will be integrated with all banks and insurers thereby enhancing the quality of data and...
ICICI Lombard exposes fraudulent claim in Assam accident case

ICICI Lombard exposes fraudulent claim in Assam accident case

by AIP Online Bureau | Jun 14, 2026 | Indian News, Non-Life

The final conclusion of SIT formed by Assam police confirms that the insured motorcycle was implanted to the incident to extract compensation by fraudulent means, which exposed a highly organized manipulation of accident records. Mumbai:In a significant development,...
Godfrey Phillips India receives Rs100 crore interim insurance payout after Andhra fire

Godfrey Phillips India receives Rs100 crore interim insurance payout after Andhra fire

by AIP Online Bureau | May 19, 2026 | Indian News, Non-Life, Reinsurance

The company informed stock exchanges that the interim payment was received against an insurance claim of Rs344.49 crore filed in connection with the fire that broke out in the early hours of October 10, 2025, at around 2.30 am.Godfrey Phillips said the actual loss...
Gujarat:Ex-insurance surveyor, three others sentenced to 3 years RI in fake claims cases

Gujarat:Ex-insurance surveyor, three others sentenced to 3 years RI in fake claims cases

by AIP Online Bureau | May 9, 2026 | Indian News, Non-Life

In the first case, the accused entered into a criminal conspiracy between 2002 and 2003, submitting forged documents on behalf of Vadodara-based M/s Sonu Communications to claim Rs 11.52 lakh, while in the second instance, they used a similar ruse for M/s M.D. Patel...
$2.8 billion Baltimore Bridge settlement:Impacts on marine (re)insurance market

$2.8 billion Baltimore Bridge settlement:Impacts on marine (re)insurance market

by AIP Online Bureau | Apr 30, 2026 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

The vast majority of the $2.8 billion will be absorbed by the reinsurance and retrocession markets. While some market participants initially anticipated the full $3 billion limit of the International Group’s reinsurance tower could be called upon, statutory...
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