INSURANCE COVER
Does travel insurance cover the FAA ground stop? What to check in your policy before you file a claim
Does travel insurance cover FAA delays? Travel insurance should not be the first place passengers look for their money. Under US Department of Transportation rules, passengers are entitled to a cash refund when an airline cancels their flight and they choose not to travel or accept an alternative. This protection applies even when the FAA caused the disruption.
Your flight was cancelled by the FAA ground stop: You’re owed a refund, but your airline doesn’t have to pay for your hotel
FAA flight cancellations: Why passengers are entitled to a full refund? Passengers affected by an FAA ground stop can claim a full refund if they reject rebooking and choose not to travel. Even nonrefundable tickets qualify. But airlines generally don't have to cover hotel stays, meals or local transport when the disruption comes from FAA restrictions rather than their own operations.
Stuck on the tarmac during a ground stop? The rules on how long airlines can keep you on board
The FAA's November 13 nationwide ground stop disrupted flights after communications failures affected air traffic control centers. Passengers still have refund rights when flights are canceled. For domestic tarmac delays, airlines generally must let passengers off within three hours, subject to safety and security exceptions.
Rahul Gandhi calls out ‘fascists’ at Bharat Summit, launches Telangana gig workers’ welfare scheme
Addressing the Bharat Summit 2026 in Hyderabad, Gandhi hit out at what he termed "fascists" in business, academia, and politics, asserting that they tend to scream and refuse to listen while the humble majority remains quieter.
Telangana to provide gig workers Rs 5 lakh accident cover, Rs 10 lakh health insurance: Rahul Gandhi
Telangana has announced a new welfare scheme aimed at supporting gig workers in the state. The initiative includes accident insurance amounting to Rs 5 lakh and health insurance of Rs 10 lakh. Workers will receive 1% of each transaction for their deliveries directly into their bank accounts. This payment will be facilitated through a dedicated gig workers' board.
Social Security cuts could hit these 15 states hardest: How much could retirees in Connecticut, New Jersey, New Hampshire and other states lose each month?
Social Security cuts: Social Security retirees in 15 states could face monthly benefit cuts exceeding $515, with Connecticut recording the highest estimated loss at $556. The projections come as the retirement trust fund faces depletion in 2032, raising concerns about how much beneficiaries could receive if lawmakers fail to address the funding shortfall.
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Social Security could have lasted until 2059, so where did $10.8 trillion go? AARP reveals the income shift behind its 2034 funding crisis
Social Security's funding crisis may have arrived decades earlier because a smaller share of American income is subject to payroll taxes. AARP estimates the programme could have paid full benefits until 2059 if taxable wages had maintained their 1980s share of the economy. The actual trust fund depletion projections remain 2032 and 2034.
Life insurers thrive on group cover in Oct as retail APE lags
Life insurance firms in India experienced a noteworthy 26% rise in new business premiums year-over-year for October, thanks mainly to robust group insurance growth. On the other hand, retail annualised premium equivalent only saw a modest uptick of 5.2%, while individual policy sales declined by 3.7%. This scenario points to retail sector hurdles, although the increasing popularity of protection products could signal potential for future expansion.
Senior citizen's ₹10 lakh health insurance policy cancelled despite disclosing pre-existing disease; here's why he fought and won
A 70-year-old doctor battled Care Health Insurance over the cancellation of his policy, which the insurer claimed was due to undisclosed pre-existing conditions. The Telangana Consumer Commission ultimately ruled in his favor, emphasizing the importance of following cancellation procedures and disclosing medical history accurately. This case highlights the delicate balance between insurer obligations and policyholder transparency.
Rent-a-Cab rules eased, fleet can have just five cars
The government believes lowering the threshold will encourage small entrepreneurs, startups and local operators to enter the market. Existing operators will also be able to expand into new locations using a smaller fleet of just five cars. The proposals are part of the draft Rent-a-Cab Scheme 2026, which is set to replace the country's 37-year-old regulatory framework from 1989.
ICICI Bank credit card rule changes in November and December 2026: Higher replacement fees; insurance benefits discontinued; what cardholders should know
ICICI Bank is set to implement revisions to certain credit card fees and will eliminate some complimentary benefits for its cardholders. Beginning in December 2026, eligible credit cards will see increased replacement costs, along with the termination of specific associated insurance covers.
Road ministry proposes a simplified Rent-a-Cab scheme 2026; to replace the 1989 scheme
The proposed draft Rent-a-Cab Scheme 2026, which comes into force from January 2027, reduces the minimum fleet requirement to 5 compared to 50 mandated earlier, extends its coverage to even rental cars with or without drivers and provides for online licensing, time-bound approvals, stringent safety, insurance and operational requirements and formal grievance redressal mechanism.
IRDA's new consultation paper proposes major reforms to improve insurance distribution and reduce complaints
Irda's recent consultation paper aims to restructure insurance distributor commissions to enhance market efficiency and penetration. The report highlights India's low insurance penetration rate compared to global averages and emphasizes improving policy persistency. It suggests restructuring compensation models, linking payouts to ongoing services, and reducing initial commission incentives to curb misselling. This proposed overhaul aims to foster greater trust and improve customer service within the insurance sector.
Joint accounts, tax savings, wills: How couples can protect their wealth
Finances are a cornerstone of marriage, shaping both relationships and futures. At the ET Wealth Expo 2026, specialists emphasized the necessity of balanced fiscal strategies in partnerships, the dangers of income tax clubbing, and the importance of wills.
Tata AIG rejected ₹30 lakh accidental death claim citing alcohol consumption by the insured pensioner; here’s why family won the case
A family's claim for accidental death insurance was rejected by Tata AIG due to alleged alcohol influence at the time of an accident. However, the Tamil Nadu State Consumer Disputes Redressal Commission found significant evidentiary flaws in the insurer's case. The ruling mandated Tata AIG to compensate the family, highlighting the nuances of proving such exclusions in insurance claims.
These 7 private and public banking stocks have an upside of up to 20% in one year, according to analyst
When FPI money returns, there are two parts of the market that tend to draw it first: Financial services broadly, and banks within it. So the very thing that worked against these stocks when the FPIs were selling has started to work for them now that the foreigners are buying. Monday saw the first clear sign of it.
Health insurance claims: How the moratorium clause protects you after five years
Cutting through money jargon, one topic at a time. This week, Preeti Kulkarni explains how the moratorium clause in health insurance protects policyholders against arbitrary claim rejections. The moratorium period is calculated based on the number of years of continuous coverage. So, if you port your policy to another insurer, the moratorium clock does not get reset -- you do not lose the benefit of the period already served.
Group health insurance claims: 5 common claim deductions and disputes employees should know about
Most group plans cover pre-existing diseases from day one, and individual employees are not medically underwritten. Barring a few exceptions, disputes are rarely about whether a claim is admissible. They are mostly about deductions.
'Global insurance cover may help rise medical tourism': Apollo Hospitals' Sangita Reddy
Apollo Hospitals envisions that broadening insurance access for international patients will catalyze the growth of medical tourism in India. The medical travel industry is predicted to swell to about $286.1 billion by 2030, with India's share expected to be around $16.2 billion. The focus on preventive health check-ups is essential for timely detection and holistic wellness. Additionally, artificial intelligence is poised to significantly transform healthcare service delivery and patient interaction.
Under attack, banks bolster cyber covers, opt for higher sum assured to protect against hits
For large financial institutions, the biggest impact often is the loss arising from systems remaining unavailable after an attack, rather than the immediate cost of the breach. Besides business interruption, ransomware, data theft, cyber extortion and third-party liabilities are among the key risks.
Binance $6.3 billion heist to prompt closer scrutiny by insurers
Following the $6.3 billion Binance heist, insurers are stepping up their scrutiny of cryptocurrency firms' security measures. During policy renewals, they will inquire about vulnerabilities exposed by the Binance incident. This reassessment could lead to new security prerequisites and an overhaul of risk evaluations. The event underscores the inadequacies of existing insurance solutions in the crypto landscape. Insurers will likely keep a vigilant eye on developments as the sector progresses.
EPFO reveals conditions to join EPF, EPS and EDLI
The Ministry of Labour and Employment has raised the Employees' Provident Fund wage ceiling to enhance participation. Employees earning between Rs 15,000 and Rs 25,000 will now be required to join the schemes. Those earning less than Rs 15,000 can also opt into the schemes voluntarily. This increase in ceiling may lead to higher PF contributions and, consequently, greater retirement savings.
Travel insurer says no to toenail injury treatment of 62-year-old woman injured during US visit; court orders company to reimburse over Rs 89,000 for treatment in United States and pay Rs 30,000 as compensation for mental harassment
A 62-year-old woman successfully challenged her travel insurer after it denied reimbursement for a toenail injury. She sustained the injury while closing a door during her visit to the US. After returning to India and submitting her medical bills, the insurer rejected her claim for lacking supporting records. The consumer commission ruled in favor of the woman, affirming her entitlement to partial reimbursement.
Have third-party insurance for your car or bike but no passenger cover? Here's how to add it without cancelling your policy
Exciting changes are coming to motor insurance in India! Starting December 15, 2026, policyholders can enhance their coverage with legal liability for occupants and pillion riders, in a newly structured four-layer insurance model. Learn about the options available to protect passengers and what new transparency measures will ensure better understanding for consumers.
Planning robotic surgery? Your health insurer may pay only 50% of the hospital bill: Know what to check
Robotic surgery is increasingly covered by health insurance in India, but not without complications. Despite having a high sum insured, policyholders must navigate sub-limits and exclusions that can significantly reduce payouts. Understanding these nuances before undergoing surgery is crucial to avoid unexpected out-of-pocket expenses when the final bill arrives.
Irdai mandates four-tier structure for motor insurance from Dec 15
Irdai will implement a four-tier structure for motor insurance covering private cars and two-wheelers. Customers will have the option to select separate covers, including mandatory third-party liability and optional personal accident cover. Existing policyholders can add occupant liability coverage without canceling their current policies.
How digital distribution shifts the balance of power towards the customer
The insurance sector grapples with pressing issues like mis-selling and customer complaints, which hinder the efficacy of policies. However, digital platforms offer improved transparency, enabling consumers to make well-informed choices about their coverage options. By comparing policies, customers not only save on premiums but also gain better insights into their coverage. Additionally, digital channels simplify grievance resolution, fostering easier interactions with insurers.
Spandana Sphoorty reports Rs 7.8 crore cyber fraud in bank account
Spandana Sphoorty reported cyber fraud that led to unauthorized transactions of Rs 7.8 crore. The fraud was discovered on Sunday, prompting immediate action from the microfinance company. A senior official stated that the company has insurance that covers the losses incurred due to the fraud. Services associated with the fraud were halted, and investigations are currently underway. The company has requested its bank to reverse the transactions and investigate further.
Cyberattacks on banks, including AU Small Finance Bank, worry insurers as claim risks rise
Cyberattacks targeting financial institutions have raised concerns about security vulnerabilities and potential losses. AU Small Finance Bank is investigating a possible data breach involving customer information stored on Salesforce. Insurers have recently reported an increase in cyber incidents affecting banks and manufacturers over the past few months. The extent of these breaches and the impacted customer count are still under investigation.
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