Insurance Companies In India
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Star Health Faces $68,000 Ransom Demand After Major Data Leak, Launches Probe
Star Health, India's biggest health insurer, on Saturday said it had received a ransom demand of $68,000 from a cyberhacker in connection with a leak of customer data and medical records.
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Star Health Insurance Reportedly Confirms Being Target of a Cyberattack Last Month, Claims Lost Data
Star Health, one of the biggest health insurance companies in India, has reportedly confirmed that it was the target of a malicious cyberattack that led to bad actors getting access to “certain data” illegally. The incident was first reported last month, but the insurer refused to make any comments before an internal investigation. The company ...
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Rs 1.98 Crore Compensation In Mercedes Hit-And-Run, Car Was Driven By Minor
An insurance company has been directed by the Motor Accident Claim Tribunal (MACT) to pay about Rs 1.98 crore compensation to the parents of a 32-year-old man who was killed in a hit-and-run involving a minor in 2016.
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LIC Sees 59% Jump In Value Of Investments In Adani Stocks
LIC, the state-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by a damning short seller report.
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Insurance Manager Loses Rs 39 Lakh In Education Loan Fraud, Probe On
A Deputy Manager at a general insurance company in Kancheepuram, Tamil Nadu, was duped of Rs 39 lakhs on the pretext of an education loan scam.
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Man In Navi Mumbai Cheated Of Rs 21.59 Lakh On Pretext Of Insurance Policy
A 42-year-old man from Panvel in Navi Mumbai has allegedly been cheated of Rs 21.59 lakh by some persons under the pretext of getting him an insurance policy from a private company, police said on Monday.
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Indian Man Pleads Guilty To Duping US Telephone Providers, Insurance Firms
An Indian national pleaded guilty to the charges of defrauding various telephone providers and insurance companies of millions of dollars by using stolen or fake identities to submit fraudulent claims for replacement cellular devices.
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LIC Shares Climb Nearly 3% After Q1 Profit Jumps Manifold
Shares of Life Insurance Corporation of India (LIC) on Friday ended with nearly 3 per cent gains after the company reported a multi-fold jump in its April-June quarter net profit to Rs 9,544 crore.
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Chingari Lays Off 20 Percent of Its Workforce as Part of Organisation Restructuring
Chingari has laid off around 60 employees as part of its restructuring plan, the company said on Tuesday. The short-video-based social media app has laid off only 20 percent of its workforce. The Chingari spokesperson said that the company as part of severance package is offering two months' salary to the impacted employees to assist them during th...
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Market Value Of LIC Investment In Adani Stocks Hits Rs 44,670 Crore
Market value of investments made by state-owned Life Insurance Corporation of India (LIC) in seven companies of the Adani group has swelled to Rs 44,670 crore as stock prices rose this week.
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RBI's CBDC Can Now Be Accepted at Reliance General Insurance Through Yes Bank
Reliance General Insurance on Wednesday said it has become a forerunner general insurance company in the country to accept the Reserve Bank of India’s (RBI) Central Bank Digital Currency e-Rupee for premium payments. The company has tied up with Yes Bank to facilitate the collection of premiums in the digital mode using the bank's e-Rupee platfor...
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Probe Agency Freezes 119 Bank Accounts Of Patna Builder In Corruption Case
The Enforcement Directorate (ED) has seized 119 bank accounts, 2 luxury vehicles and some insurance policies under anti-money laundering law after raids on promoters of a Bihar-based real estate company that is alleged to have duped home buyers.
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Silicon Valley Bank Resolution Will Bring Relief to Startups in Aftermath of Collapse: Ashwini Vaishnaw
Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.
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Paytm Payments Bank Wins Final RBI Nod, Can Operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank said on Monday that the company had received final approval from the Reserve Bank of India to offer bill payment services in the country. The service can now function as a Bharat Bill Payment Operating Unit (BBPOU) in India, with support for bill payment services of electricity, phone, DTH, water, gas insurance, loan repayments,...
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Supreme Court Paves Way For Demolishing Mumbai's 'National House' Building
The Supreme Court on Thursday paved the way for the demolition of the over 50-year-old "dilapidated" building of the National Insurance Company in Mumbai by refusing to interfere with the Bombay High Court order for razing the structure.
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Star Health Faces $68,000 Ransom Demand After Major Data Leak, Launches Probe
Star Health, India's biggest health insurer, on Saturday said it had received a ransom demand of $68,000 from a cyberhacker in connection with a leak of customer data and medical records.
-
Star Health Insurance Reportedly Confirms Being Target of a Cyberattack Last Month, Claims Lost Data
Star Health, one of the biggest health insurance companies in India, has reportedly confirmed that it was the target of a malicious cyberattack that led to bad actors getting access to “certain data” illegally. The incident was first reported last month, but the insurer refused to make any comments before an internal investigation. The company ...
-
Rs 1.98 Crore Compensation In Mercedes Hit-And-Run, Car Was Driven By Minor
An insurance company has been directed by the Motor Accident Claim Tribunal (MACT) to pay about Rs 1.98 crore compensation to the parents of a 32-year-old man who was killed in a hit-and-run involving a minor in 2016.
-
LIC Sees 59% Jump In Value Of Investments In Adani Stocks
LIC, the state-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by a damning short seller report.
-
Insurance Manager Loses Rs 39 Lakh In Education Loan Fraud, Probe On
A Deputy Manager at a general insurance company in Kancheepuram, Tamil Nadu, was duped of Rs 39 lakhs on the pretext of an education loan scam.
-
Man In Navi Mumbai Cheated Of Rs 21.59 Lakh On Pretext Of Insurance Policy
A 42-year-old man from Panvel in Navi Mumbai has allegedly been cheated of Rs 21.59 lakh by some persons under the pretext of getting him an insurance policy from a private company, police said on Monday.
-
Indian Man Pleads Guilty To Duping US Telephone Providers, Insurance Firms
An Indian national pleaded guilty to the charges of defrauding various telephone providers and insurance companies of millions of dollars by using stolen or fake identities to submit fraudulent claims for replacement cellular devices.
-
LIC Shares Climb Nearly 3% After Q1 Profit Jumps Manifold
Shares of Life Insurance Corporation of India (LIC) on Friday ended with nearly 3 per cent gains after the company reported a multi-fold jump in its April-June quarter net profit to Rs 9,544 crore.
-
Chingari Lays Off 20 Percent of Its Workforce as Part of Organisation Restructuring
Chingari has laid off around 60 employees as part of its restructuring plan, the company said on Tuesday. The short-video-based social media app has laid off only 20 percent of its workforce. The Chingari spokesperson said that the company as part of severance package is offering two months' salary to the impacted employees to assist them during th...
-
Market Value Of LIC Investment In Adani Stocks Hits Rs 44,670 Crore
Market value of investments made by state-owned Life Insurance Corporation of India (LIC) in seven companies of the Adani group has swelled to Rs 44,670 crore as stock prices rose this week.
-
RBI's CBDC Can Now Be Accepted at Reliance General Insurance Through Yes Bank
Reliance General Insurance on Wednesday said it has become a forerunner general insurance company in the country to accept the Reserve Bank of India’s (RBI) Central Bank Digital Currency e-Rupee for premium payments. The company has tied up with Yes Bank to facilitate the collection of premiums in the digital mode using the bank's e-Rupee platfor...
-
Probe Agency Freezes 119 Bank Accounts Of Patna Builder In Corruption Case
The Enforcement Directorate (ED) has seized 119 bank accounts, 2 luxury vehicles and some insurance policies under anti-money laundering law after raids on promoters of a Bihar-based real estate company that is alleged to have duped home buyers.
-
Silicon Valley Bank Resolution Will Bring Relief to Startups in Aftermath of Collapse: Ashwini Vaishnaw
Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.
-
Paytm Payments Bank Wins Final RBI Nod, Can Operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank said on Monday that the company had received final approval from the Reserve Bank of India to offer bill payment services in the country. The service can now function as a Bharat Bill Payment Operating Unit (BBPOU) in India, with support for bill payment services of electricity, phone, DTH, water, gas insurance, loan repayments,...
-
Supreme Court Paves Way For Demolishing Mumbai's 'National House' Building
The Supreme Court on Thursday paved the way for the demolition of the over 50-year-old "dilapidated" building of the National Insurance Company in Mumbai by refusing to interfere with the Bombay High Court order for razing the structure.
