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Tag: claims

firecrackers
As India prepares for Diwali this October, the streets will glow with lamps, sweets will be exchanged, and fireworks will light up the night sky. But with these fireworks comes
AI health insurance
Will AI deny your health insurance claim?

By: Insurancepe August 29, 2025

Artificial Intelligence (AI) is reshaping industries worldwide, and insurance is no exception. Insurers are using AI to automate claims, detect fraud, and manage risks more efficiently.But when it comes to
insured? not if you break the law
Insured? Not if you break the law!

By: Insurancepe July 3, 2025

In a landmark decision, the Supreme Court of India recently ruled that insurance companies are not liable to pay compensation for the death of a driver if the accident was
air india crash
The Air India disaster

By: Insurancepe June 17, 2025

The crash of an Air India Boeing 787 Dreamliner on June 12, 2025 in Ahmedabad has shocked the world and the global aviation and insurance sectors. With over 240 lives
TGSRTC
The incidentIn 2021, Srinivasa Rao, a manager at Shriram City Union Finance Ltd., was fatally struck by a speeding Telangana State Road Transport Corporation (TGSRTC) bus. He died on the
Ayushman bharat
Ayushman Bharat? Is it helping?

By: Insurancepe January 28, 2025

The Ayushman Bharat Yojana or the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana is an insurance scheme devised by the government to cover all citizens aged 70 and above –
health claims rejections
Have you ever noticed that the Claim Settlement Ratio (CSR) of nearly any Insurer in India always happens to be over 90%! The Government, with its goal of Insurance for
Claims data 2024
Concerning claims payment data 2024

By: Insurancepe January 4, 2025

The Insurance Regulatory and Development Authority of India (IRDAI) has revealed concerning data for FY2024: nearly one-third of all registered insurance claims remain unpaid. This includes over 3 crore claims
Tata Power Trombay
Tata Power recently made headlines by filing a substantial insurance claim of Rs. ₹221 crore following a fire at its Trombay Plant (Unit 5) on September 24, 2024. This fire
insurance vs climate change
Insurance vs Climate change

By: Insurancepe October 25, 2024

Hurricanes Milton and Helene The recent U.S. hurricanes Milton and Helene offer valuable lessons as we adapt to intensifying climate risks. Together, these storms inflicted nearly $180 billion in damages,