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

On 18th November 2024 robbers decamped with 19kg of gold ornaments valued at Rs. 13 crore kept in the strongroom of the State Bank of India (SBI) branch of Rayaparthy

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

Be it motor, health or property insurance, you have probably encountered the terms excess and deductible at the time of buying your insurance policy – or, at the time of

With distressing news of war and conflict from different parts of the world becoming increasingly and worryingly common, we ordinary people can only hope that peace comes sooner than later,

Fire insurance covers damages and losses caused by accidental fire. Such insurance covers the loss that the insured may suffer due to destruction of or damage to property or goods,

In insurance, the rule of ‘proximate cause‘ is often called into action “to determine whether an event covered by a policy or an event excluded by the policy is the

In a joint-owned property, there can be more than one insured in an insurance policy. When one insured causes a loss through wrongdoing, the other insureds are considered “innocent insureds.”

Google, Microsoft, Meta, Apple, Samsung – the list of billionaire tech companies continues to grow. They now represent today’s technologically advanced society. Passwords, Facial Recognition, Finger Prints etc., meant to

September 11 attacks resulted in approximately $40 billion in insurance claims. This is the largest insured events ever in the history of Insurance. Insurance payments due to 9/11 were over one and