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.
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.
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.
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.
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.
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.
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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