News Letter Nov 2014
Issue 06
Issued by Insurance Foundation of India  
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  Insurance Foundation of India (IFI) is set up under Trust Registration Act. 1882 of Government of India and is a non profit making organization.  
 
Important Development
The Economic Times Insurance Summit 2014
 
Grounds for denial of insurance claim (The Hindu Business Line, New Delhi, 21Nov 2014)

The apex consumer commission has denied insurance claim to a man for his goods destroyed in a fire as he had changed the place of his business without intimating the firm which had insured his goods..............Read more
 
Road Mishap: Kin Of 47-yr-old Man Get Over Rs 17L Compensation (Business Standard, New Delhi, 19Nov 2014)

A Delhi court has awarded over Rs 17 lakh compensation to the family members of a 47-year-old man who had died in a road accident here in 2007 after his motorcycle was hit by a rashly driven.............Read more
 
Theft claims to be intimated to Insurance Company at the earliest (The Hindu Business Line, New Delhi, 21Nov 2014)

The Delhi state consumer commission has set aside an order directing an insurance firm to pay the claim to a man for his stolen vehicle, saying he had intimated the company about the theft after a delay of three months in violation of terms of the policy............Read more
 
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Insurance Foundation of India (IFI) is set up under Trust Registration Act. 1882 of Government of India and is a non profit making organization. The main objective of IFI is to promote awareness of insurance in India among the masses through education and publishing of books in Hindi, regional, and vernacular languages.

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