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From hotel cancellation to loss of baggage, Ahmedabad air crash victims opted for array of retail insurance

From hotel cancellation to loss of baggage, Ahmedabad air crash victims opted for array of retail insurance

by AIP Online Bureau | Jul 13, 2025 | Indian News, Non-Life, Reinsurance

The incident has triggered retail claims under various insurance categories like travel, personal accident, and life insurance, including those from Kisan Credit Card holders. Personal accident claims have emerged as a significant category, second only to life...
Govt notifies cashless treatment scheme for road accident victims nationwide

Govt notifies cashless treatment scheme for road accident victims nationwide

by AIP Online Bureau | May 6, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Risk Management

“Any person being a victim of a road accident arising out of the use of a motor vehicle, occurring on any road, shall be entitled to cashless treatment in accordance with the provisions of this scheme,” the notification said. NEW DELHI: Complying with the...
Boeing settles lawsuits with two 737 MAX crash victims’ families

Boeing settles lawsuits with two 737 MAX crash victims’ families

by AIP Online Bureau | Apr 8, 2025 | International News, Risk Management

Boeing agreed in July to plead guilty to a criminal fraud conspiracy charge and pay a fine of up to $487.2 million. A judge set a June 23 trial date if no final agreement is reached. U.S. plane maker Boeing Co reached settlements with the families of two people who...
Frame policy on cashless treatment for motor accident victims by Mar 14 : SC to Centre

Frame policy on cashless treatment for motor accident victims by Mar 14 : SC to Centre

by AIP Online Bureau | Jan 8, 2025 | Health, Indian News, Non-Life, Policy, Reinsurance

“We direct the Central government to make a scheme in terms of sub-section (2) of Section 162 of the MV Act as expeditiously as possible and, in any event, by March 14, 2025. No further time shall be granted, it ordered. said the Supreme Court NEW DELHI: In a...
Modified scheme to provide cashless treatment for road accident victims nationwide: Gadkari

Modified scheme to provide cashless treatment for road accident victims nationwide: Gadkari

by AIP Online Bureau | Jan 7, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Technology

“The broad contours of the pilot programme are — victims entitled to cashless treatment up to a maximum of Rs 1.5 lakh per accident per person for a maximum period of 7 days from date of the accident,” Nitin Gadkari said while addressing a press...
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